Preferential issue

SANSTAR has announced its decision to undertake a Preferential Issue. This indicates the company plans to raise capital by issuing shares or other securities to a select group of investors, rather than through a public offering. Specific details regarding the issue price, number of shares, or total funds to be raised are not provided in this preliminary announcement. For investors, a preferential issue typically implies potential share dilution and a change in the company's capital structure, with the overall impact depending on the final terms and utilisation of funds. Further details are awaited to assess the full financial implications.