What was the outcome of the AUB Group (ASX:AUB) share purchase plan?

AUB Group successfully raised approximately $10.6 million through its share purchase plan, which closed on Feb. 26. A total of 768 eligible retail shareholders participated in the offer.

At what price were the new AUB Group (ASX:AUB) shares issued to investors?

The new shares were issued at $23.62 per share. This price was calculated to represent a 2% discount to the five-day volume-weighted average price of AUB shares leading up to the closing date.

How many new shares will enter the market following the AUB Group capital raising?

Approximately 0.45 million new fully paid ordinary shares will be issued under the SPP. These shares will rank equally with existing shares already on issue. When combined with the $400 million institutional placement, this represents a significant increase in the total shares outstanding, which may lead to slight earnings per share dilution in the short term.

What is AUB Group (ASX:AUB) planning to do with the $10.6 million raised?

The funds are earmarked to support the company’s ongoing international expansion and to strengthen its balance sheet. CEO Mike Emmett specifically noted that this capital injection supports the company’s "Prestige" acquisition.

How does the Prestige acquisition fit into the AUB Group long-term thesis?

The acquisition is a core component of AUB's pivot toward becoming a more global insurance broker rather than just a domestic player. Management views the UK retail market as a high-growth opportunity that provides structural components for a sustainable platform.

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AUB Group raises $10.6M for UK expansion

Written by Brie CarterPublished Mar 3, 2026, 11:50 PMLast Updated Jul 6, 2026, 6:34 AM

AUB Group (ASX:AUB) has finalised its share purchase plan, raising approximately $10.6 million to support its ongoing expansion.

The plan, which concluded on Feb. 26, saw participation from 768 eligible shareholders following a larger $400 million institutional placement earlier in the year.

Under the terms of the offer, roughly 0.45 million new ordinary shares were issued at $23.62 per share, representing a 2% discount to the five-day volume-weighted average price.

CEO Mike Emmett highlighted that the capital injection, alongside the recent Prestige acquisition, is a pivotal step in accelerating the company's retail strategy in the UK.

The new shares are scheduled to commence trading on the ASX on March 6.

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AUB Group raises $10.6M for UK expansion

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