TPG Telecom lifts free float after $73 million Retail Reinvestment Plan

The TPG Telecom Ltd (ASX: TPG) share price is in focus today after the company wrapped up its Retail Reinvestment Plan, raising $73.4 million and boosting minority ownership.

What did TPG Telecom report?

• Raised approximately $73.4 million through the Retail Reinvestment Plan at $3.566623 per new share
• Issued about 20.6 million new fully paid ordinary shares to participating retail investors, representing a 53% participation rate
• Total new shares issued under both retail and institutional components reached roughly 103.7 million
• Free float increased to 27%, up from 23% prior to the plans
• Total gross proceeds from both reinvestment components achieved around $373 million
• Proceeds will be used to further pay down bank borrowings, amounting to $2.7 billion repaid since 30 June 2025

What else do investors need to know?

The Retail Reinvestment Plan closed on 5 December 2025, offering eligible shareholders the chance to reinvest their recent capital return into new TPG Telecom shares at a 5% discount to average recent trading prices. The new shares will commence trading on the ASX from 11 December 2025 and carry the same rights as existing shares.

Any applications from ineligible shareholders were declined, with refunds to be processed by 17 December 2025. The company highlights the initiative’s role in strengthening its capital structure and increasing its free float on the ASX.

What’s next for TPG Telecom?

With the completion of this capital initiative, TPG Telecom has improved its balance sheet flexibility by reducing bank borrowings significantly. Looking ahead, the company appears set to focus on sustainable growth while optimising its capital mix.

Investors will be monitoring how these changes support TPG’s longer-term strategy and shareholder value, particularly as the increased free float may broaden the company’s appeal to a wider investor base.

TPG Telecom share price snapshot

Over the past 12 months, TPG Telecom shares have fallen 17%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen around 2% over the same period.

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The post TPG Telecom lifts free float after $73 million Retail Reinvestment Plan appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.