Placement of shares
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
9 September 2026
FOS Capital Limited
ABN: 76 637 156 275
Unit 3B, 41 Rose Street
Richmond, VIC 3121
info@foscapital.com.au
FOS Capital Limited successfully undertakes
$1.86m Placement and announces SPP
FOS Capital Limited (ASX: FOS) (“FOS” or the “Company”) is pleased to announce that it has
received firm commitments to raise approximately $1.86 million via a non-underwritten
placement to institutional and sophisticated investors (the “Placement”).
The Placement will comprise the issue of approximately 15.5 million new fully paid ordinary
shares (“New Shares”) at an issue price of $0.12 per share (“Offer Price”). Directors have also
committed to subscribe for New Shares raising approximately $310,000, as shown in the table
below, subject to shareholder approval at the Annual General Meeting. The Placement was
strongly supported by both new and existing shareholders.
Director's commitment to subscribe Amount
Alexander Beard 50,000
Con Scrinis 128,750
Michael Koutsakis 68,750
Michael Monsonego 62,500
The Offer Price of $0.12 per share represents a 20% discount to the last closing price of $0.15 per
share on Friday, 4 September 2026 and a 11% discount to the 10-day volume weighted average
price (“VWAP”) of $0.1347 up to and including 4 September 2026.
Placement details:
• 12,916,667 New Shares will be issued under the Company's available placement
capacity, raising approximately $1.55 million, comprising:
o 10,310,172 shares under Listing Rule 7.1; and
o 2,606,495 shares under Listing Rule 7.1A.
• 2,583,333 New Shares will be issued for Director participation, raising approximately
$310,000, subject to shareholder approval at the Company’s upcoming Annual General
Meeting.
• The New Shares will rank equally with existing fully paid ordinary shares on issue.
Funds raised under the Placement will be used to:
• Support working capital requirements associated with the Queensland Schools Lighting
Upgrade Program;
• Fund the ongoing build-out and growth initiatives within Aldridge Traffic Systems (“ATS”);
• Complete the Company's cost reduction and operational efficiency program; and
• Provide additional general working capital.
Share Purchase Plan (SPP):
• The Company is also pleased to announce a Share Purchase Plan ("SPP") to provide all
shareholders with a registered address in Australia or New Zealand on the Company’s
share register at 7:00pm AEST on Tuesday 8 September 2026 with the opportunity to
subscribe for up to $30,000 of new fully paid ordinary shares without incurring brokerage
or transaction costs to raise up to $750,000.
ASX ANNOUNCEMENT
9 September 2026
FOS Capital Limited
ABN: 76 637 156 275
Unit 3B, 41 Rose Street
Richmond, VIC 3121
info@foscapital.com.au
• New shares issued under the SPP will be issued at the Offer Price, being $0.12 per share
and will rank equally with existing fully paid ordinary shares on issue.
• Further details of the SPP, including the offer booklet and application forms, will be
dispatched to eligible shareholders shortly.
Indicative Timeline
Placement Date
Announcement of Placement Wednesday, 09 September 2026
Settlement of Placement Shares Wednesday, 16 September 2026
Allotment and Trading of Placement Shares Thursday, 17 September 2026
Annual General Meeting Late October 2026
SPP Date
Record Date for SPP 7:00pm AEST Tuesday, 08 September 2026
SPP Opens Monday, 14 September 2026
SPP Closes Friday, 02 October 2026
Announcement of SPP Results Tuesday, 06 October 2026
Issue of SPP Shares Thursday, 08 October 2026
FOS Capital CEO Con Scrinis said: “We are pleased with the strong support received from both
existing and new investors. This capital raising strengthens the Company's balance sheet and
provides funding to support several growth initiatives, including the Queensland Schools Lighting
Upgrade Program and the continued expansion of ATS.
Combined with our strengthened order book, record quote pipeline, and cost reduction
initiatives, this funding positions FOS to capitalise on the growth opportunities currently
available across the Group.”
This announcement has been authorised for release to the ASX by the FOS Capital Limited
Board of Directors. Any forward-looking statements are subject to market risks
and uncertainties.
Contact
Con Scrinis
Managing Director
con@foslighting.com.au
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