Unith Ltd Announces 1-for-7 Non-Renounceable Entitlement Offer at AUD 0.008 Per Share with Attaching Options

5 min read | July 21, 2026 01:46 PM AEST | By Anjali Anand

Unith Ltd Announces 1-for-7 Non-Renounceable Entitlement Offer at AUD 0.008 Per Share with Attaching Options

Key Highlights

Unith Ltd (UNT) is conducting a 1-for-7 non-renounceable entitlement offer at AUD 0.00800 per ordinary share.
Up to 218,937,470 fully paid ordinary shares and 109,468,735 attaching options (expiry 31 December 2028, exercise price AUD 0.013) will be issued.
Prospectus lodged on 21 July 2026; ex-date 23 July 2026; record date 24 July 2026; offer documents dispatched 28 July 2026; offer closes 14 August 2026.
GBA Capital Pty Ltd appointed as lead manager and broker with a 6% placement fee; deferred settlement trading starts 17 August 2026.

Details of Unith Ltd's Non-Renounceable 1-for-7 Entitlement Offer

Unith Ltd (ABN 13 083 160 909), listed on the ASX under the ticker UNT, has revised the timetable for its non-renounceable pro rata entitlement offer, as announced on 21 July 2026. This offer enables shareholders to subscribe for one new fully paid ordinary share for every seven shares held as of the record date, 24 July 2026. The offer price is set at AUD 0.00800 per share. The maximum number of shares to be issued is 218,937,470, subject to rounding adjustments where fractional entitlements will be rounded up to the nearest whole share.

Issuance of Attaching Options Expiring December 2028

Alongside the entitlement offer, Unith Ltd will issue attaching options to shareholders who participate. For every two new ordinary shares subscribed, shareholders will receive one option with an exercise price of AUD 0.013 expiring on 31 December 2028. The maximum number of attaching options to be issued is 109,468,735. Fractional entitlements for options will also be rounded up. These options are part of an existing ASX-quoted class under the code UNTAK and rank equally with existing options in this class from the date of issue.

Revised Timetable for the Entitlement Offer

The entitlement offer timetable includes the prospectus lodgement on 21 July 2026, ex-date on 23 July 2026, and record date on 24 July 2026. Offer documents will be sent to eligible shareholders on 28 July 2026, with the offer closing on 14 August 2026. The board may extend the closing date until 11 August 2026 if necessary. Deferred settlement trading of the new securities will begin on 17 August 2026, with the issue date and results announcement on 21 August 2026. Normal T+2 settlement trading is expected to start on 24 August 2026, with the first settlement date on 26 August 2026.

Offer Price, Participation, and Over-Subscription Details

The entitlement offer price is AUD 0.00800 per ordinary share for retail security holders. Attaching options are offered free of charge to those who subscribe for shares. The offer is conducted in Australian dollars. Shareholders may apply for additional shares beyond their entitlement without a specified limit. If the offer is oversubscribed, the board reserves the right to scale back allocations at its discretion. Both the new shares and options will rank equally with existing securities from the issue date.

GBA Capital Appointed as Lead Manager and Broker

Unith Ltd has engaged GBA Capital Pty Ltd as lead manager and broker to oversee the entitlement offer's administration, investor communication, and settlement process. GBA Capital will receive a 6% fee on the placement amount, which is standard for capital raisings of this size. This fee will be deducted from the gross proceeds of the offer.

Existing Security Classes on ASX

The ordinary shares issued under this entitlement offer belong to the existing class of securities trading under ASX code UNT and described as "Ordinary Fully Paid" shares. The attaching options are part of the existing option class with ASX code UNTAK, described as "Option Expiring 31-Dec-2028 Ex $0.013". Both classes are currently quoted on the ASX, and the new securities will increase the number of securities within these existing classes. Unith Ltd will lodge an Appendix 2A form with ASX to notify the final number of securities issued.

Implications of the Non-Renounceable Offer Structure

This entitlement offer is non-renounceable, meaning shareholders cannot sell or transfer their rights to subscribe to others. Shareholders must actively participate by subscribing for shares or allow their entitlements to lapse by the closing date, 14 August 2026. Those who do not subscribe will forfeit their entitlement without compensation. This structure is typically chosen to maintain shareholder base stability or due to market conditions.

Handling of Fractional Entitlements

Fractional entitlements arising from the 1-for-7 share and 1-for-2 option ratios will be rounded up to the nearest whole number. This ensures shareholders receive whole securities and may result in a slightly higher total number of shares and options issued than the maximum stated. This rounding applies equally to both ordinary shares and attaching options.

ASX Quotation and Deferred Settlement Trading

The new shares and attaching options will be quoted on the ASX, with deferred settlement trading commencing on 17 August 2026. Deferred settlement allows trading before formal settlement, which is scheduled for 26 August 2026, with normal T+2 settlement trading starting on 24 August 2026. Unith Ltd will notify ASX of the final securities issued via an Appendix 2A form in line with ASX Listing Rule 3.10.3C.

Board’s Discretion and Offer Conditions

The board retains full discretion to scale back allocations if the offer is oversubscribed and to extend the offer closing date to 11 August 2026 if needed. The announcement does not specify any external approvals or conditions precedent required for the offer to proceed unconditionally. Shareholders should consult the prospectus lodged on 21 July 2026 for detailed terms, conditions, and any applicable conditions precedent.

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