4 stories mentioning ASX:SNCUpdated 15d ago
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Sandon Capital Investments (ASX:SNC) declared a dividend of AU$0.0047 per share for the month of June, payable June 30 to shareholders on record as of June 12, according to a Wednesday filing with the Australian bourse.The company paid the same dividend for the previous month, an earlier filing showed.
Sandon Capital Investments (ASX:SNC) completed a bookbuild process for a proposed debt placement, allocating AU$9 million of notes at a fixed price of AU$100 each on a firm basis to sophisticated and professional investors, according to a Friday filing with the Australian bourse.The placement is conditional on shareholder approval of a proposal to restructure the terms of existing unsecured notes due for redemption on July 10.Proceeds from the placement will be used to fund the potential redemptions of existing notes, for working capital purposes, and for additional investments by Sandon Capital.The company's shares gained 1% in recent Friday trade.
Sandon Capital Investments (ASX:SNC) has proposed to restructure the terms of unsecured notes due for redemption on July 10, as well as a placement of new notes to raise about AU$10 million, according to a Monday filing with the Australian bourse.The restructuring, if approved by noteholders, would allow them to extend their investment until up to July 10, 2030, at a new fixed interest rate of 8.5% per year, up from the current rate of 4.8%. It would also rework interest payments to a monthly basis from the current semi-annual structure, and provide an early redemption option at the company's discretion at any time after July 10, 2028.The company said it also plans to launch a placement of new notes to sophisticated and wholesale investors, conditional upon noteholder approval of the restructuring proposal.Proceeds from the placement will first be used to fund the potential redemptions of existing notes, and then for working capital purposes.Sandon Capital shares fell 1% in recent Monday trade.
Sandon Capital Investments (ASX:SNC) has secured binding commitments for the subscription of about 3.5 million ordinary shares as part of an institutional placement to sophisticated investors, according to a Thursday filing with the Australian bourse.The placement's issue price of AU$0.7625 per share matches the issue price for new shares under a share purchase program the company disclosed on April 9.The placement shares are expected to be issued alongside the shares under the share purchase plan, per the filing.
