WAM Leaders completes $225 million placement and announces share purchase plan

WAM Leaders Limited has successfully completed an oversubscribed $225 million placement of new ordinary shares. Due to high demand from professional and sophisticated shareholders, the placement was upscaled from its initial target, with shares issued at $1.325 per share.

Following the placement, the company announced a Share Purchase Plan (SPP) for eligible shareholders, aiming to raise up to A$150 million. The SPP, running from 11 August to 1 September 2026, offers shares at $1.325 or a 2.5% discount to the five-day volume-weighted average price. The company intends to use the proceeds to grow assets, increase market presence, and improve share liquidity.

Additionally, the Board declared a fully franked final dividend of 4.8 cents per share, bringing the total for the 2026 financial year to 9.6 cents per share.