Praxis Home Retail Limited — Important, 30-07-2025: Disclosure of material issue
30-07-2025 | 11:42 pm
30-07-2025 | 11:42 pm
Praxis Home Retail is proceeding with its previously announced Rights Issue, a key capital-raising event for the company.
**Possible Impact:** This development provides a clear timeline for existing shareholders to either subscribe to new shares or sell their Rights Entitlements. For the company, it's a planned infusion of capital.
**Company's Response:** The 'Committee of Directors' has approved the final schedule for the Rights Issue:
* **Opening Date:** August 7, 2025
* **Last Date for On-Market Renunciation:** August 12, 2025
* **Closing Date:** August 18, 2025
The company will now proceed with filing and dispatching the 'Letter of Offer' to eligible shareholders (those on record as of March 20, 2025).
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