June 2023 Capital Raising

Decmil is set to embark on a new phase of growth, after today announcing we will be raising up to $26.3m through Redeemable Convertible Preference Shares (RCPS) via an Entitlement Offer and Placement at 20 cents per RCPS.

With our operations now stabilised, this capital will enable us to unleash our order book and the robust pipeline of high-quality work emerging. The innovative nature of the RCPS has some major benefits for those who participate:

  • Very attractive returns, with a preferential dividend rate of 12% annually over the initial term.
  • It is significantly less dilutive to shareholders than a more traditional equity raise would be for the same quantum of funds raised.
  • The utilisation of franking credits, with the RCPS expected to be fully franked.

If you are interested in participating in this offer please read our ASX announcement and other information provided below.

Decmil Announces Capital Raising – RCPS

Decmil Completes Institutional Entitlement Offer

Decmil Investor Presentation – RCPS

Decmil Investor Webinar Registration Details

Decmil Completes Despatch of Prospectus and Entitlement Forms – RCPS

Decmil Letter to Ineligible Shareholders – RCPS

Decmil Capital Raising Fully Underwritten

Target Market Determination

Supplementary Prospectus

Prospectus Disclaimer