Magellanic Cloud Limited has informed the Exchange regarding allotment of 4672000 securities pursuant to Preferential Issue at its meeting held on November 11, 2025
MCLOUD · price
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Magellanic Cloud Limited has allotted 4,672,000 securities to select investors under a preferential issue. The allotment was approved at a board meeting held on November 11, 2025. The announcement does not disclose the issue price, identity of the allottees, or the total amount raised. A preferential issue allows a company to issue shares or convertible securities to a chosen set of investors without a public offer or book-building process.
Existing shareholders will see their shareholding diluted due to the issuance of new securities. Depending on the price at which these were allotted, it could be positive (if raised at a premium to market) or negative (if at a discount), but pricing details have not been disclosed in this filing.