ASX:NGI

5 stories mentioning ASX:NGIUpdated 22d ago

Every FINWIRES story that references ASX:NGI, newest first.

Navigator Global Investments Completes AU$145 Million Entitlement Offer

Navigator Global Investments (ASX:NGI) said it has completed the retail component of its AU$145 million fully underwritten accelerated pro rata non-renounceable entitlement offer at AU$2.40 per share, with eligible retail shareholders applying for about 1.7 million shares worth AU$4.1 million, representing a take-up rate of about 38%, according to a Friday Australian bourse filing.The company said entitlements not taken up by eligible retail shareholders and entitlements of ineligible retail shareholders, representing about 2.8 million shares worth AU$6.8 million, will be allotted to sub-underwriters.The retail component follows the institutional component, which raised about AU$134 million when it closed on May 5, bringing total proceeds from the entitlement offer to about AU$145 million, the filing added.New shares issued under the retail component are expected to be allotted on June 2 and start trading on June 3, ranking equally with existing shares from the date of allotment, it added.The company's shares rose 1% in recent Friday trade.

ASX:NGI

Asia38d ago

Navigator Global Investments Says Norges Bank Acquires 5.17% Stake

Navigator Global Investments (ASX:NGI) said Norges Bank acquired a voting power of 5.17% in the firm as of Monday, according to a Wednesday statement.The bank holds 28.3 million ordinary securities of the firm.Its shares fell 1% in recent trading on Wednesday.

ASX:NGI

Asia46d ago

Navigator Global Investments Secures AU$134 Million Through Institutional Entitlement Offer; Shares Up 8%

Navigator Global Investments (ASX:NGI) has secured around AU$134 million following the completion of the institutional component of its fully underwritten AU$145 million one-for-8.13 accelerated non-renounceable entitlement offer at AU$2.40 per share, according to a Tuesday Australian bourse filing.The institutional offering closed on Tuesday with strong participation from eligible institutional shareholders, and any remaining shares were fully allocated among other eligible institutional investors, per the filing.New shares from the institutional offering are expected to start trading on May 12 on an ex-entitlement basis and will rank equally with the existing shares, the filing said.The fully underwritten retail component is expected to raise an additional AU$11 million and is scheduled to open on May 11, the filing added.The company's shares rose 8% in recent Tuesday trade.

ASX:NGI

Asia47d ago

Navigator Global Investments Discloses $195 Million Acquisition, Partnership; Shares Halted

Navigator Global Investments (ASX:NGI) agreed to acquire a portfolio of net revenue share interests in 17 alternative asset managers from funds managed by and clients of Stable, for a total consideration of $195 million, according to a Monday Australian bourse filing.The company said the acquisition is funded through AU$145 million in a fully underwritten pro rata accelerated non-renounceable entitlement offer and AU$136 million of NGI scrip consideration, with up to 60.4 million new shares to be issued under the entitlement offer.The scrip consideration is priced at AU$2.31 per NGI share, being NGI's 20-day volume-weighted average price, the filing said. Navigator Global and Stable will also enter into a long-term strategic partnership for the management and monitoring of the NGI Stable Growth Portfolio, at a flat fee of $1.6 million per year for an initial six-year term, the filing added.The company said that the acquisition is expected to deliver low double-digit earnings-per-share accretion and improvement in key financial metrics.Navigator Global expects fiscal 2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of between $100 million and $104 million, the filing added.Trading in the company's shares was halted.

ASX:NGI

Asia61d ago

Navigator Global Investments Reports Higher Fiscal Q3 Assets Under Management

Navigator Global Investments (ASX:NGI) reported firm-level assets under management (AUM) of $97.5 billion as of March 31, up nearly 21% from a year earlier, according to a Monday filing with the Australian bourse.Ownership-adjusted AUM at the close of the fiscal third quarter were $31.6 billion, increasing more than 16% from a year earlier, per the filing.The company said it continues to expect fiscal 2026 adjusted earnings before interest, taxes, depreciation, and amortization to decline from fiscal 2025.

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