NEXTDC Limited opened its retail entitlement offer today, inviting eligible shareholders to subscribe for new fully paid ordinary shares at A$12.70 each, with the retail component expected to raise approximately A$0.5 billion. This represents the retail leg of a fully underwritten 1-for-5.4 pro-rata accelerated non-renounceable entitlement offer designed to raise a total of approximately A$1.5 billion. The institutional tranche completed ahead of the retail phase, having successfully raised approximately A$1.0 billion at the same offer price.
The 1-for-5.4 ratio means existing shareholders receive the right to purchase one new share for every 5.4 shares currently held. For eligible retail shareholders, this entitlement is non-renounceable, meaning they cannot sell or transfer their subscription rights to other investors. Management emphasised that retail investors receive treatment identical to institutional investors on pricing and offer terms, underscoring the company’s commitment to fair treatment of its retail shareholder base. This parity pricing approach supports management’s objective of maintaining balanced participation across all shareholder categories.
Beyond their base entitlement, retail shareholders have access to a top-up facility enabling additional share applications up to a maximum of 100 percent in excess of their pro-rata entitlement at the same A$12.70 price. The availability of these extra shares depends on shortfalls from other retail applications, with no guarantee that top-up requests will be fully satisfied. NEXTDC and the joint lead managers retain full discretion to scale back top-up applications, meaning investors cannot assume their excess applications will be accepted in full.
The capital raise supports NEXTDC’s fully funded growth strategy amid record contracted customer demand for its data centre capacity and services. The company signalled strong operational momentum and provided shareholders the opportunity to maintain ownership proportions or increase exposure to the business through the entitlement offer. The detailed offer terms and shareholder eligibility criteria appear in the retail offer booklet available through the designated offer portal.
Eligible retail shareholders face a tight deadline of 5:00 PM Sydney time on Monday, 11 May 2026, for submission of applications. NEXTDC has established a dedicated offer information line at 1800 645 237 (within Australia) or +61 1800 645 237 (outside Australia) to assist shareholders with questions about their eligibility and participation process. Investors should carefully review the retail offer booklet and all recent ASX announcements from NEXTDC before deciding whether to participate. This announcement carries price sensitive designation and has been flagged as material by the ASX.
View the full ASX announcement (PDF)
About NEXTDC Limited (ASX: NXT)
NEXTDC Limited develops and operates data centers in Australia and the Asia-Pacific region. The company offers data center colocation solutions, high-performance computing, disaster recovery services, and various digital infrastructure solutions to enterprise clients, government agencies, and cloud providers. Headquartered in Brisbane, Australia, NEXTDC provides critical connectivity and infrastructure services across its network of facilities.
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