Sports Entertainment Group to Raise Nearly AU$15 Million Via Oversubscribed Placement

MT Newswires Live

Aug 14

Sports Entertainment Group (ASX:SEG) said its placement was oversubscribed by Thursday, with binding commitments received from new and existing institutional and sophisticated investors to raise AU$14.6 million, according to a Friday filing with the Australian bourse.

The placement price is AU$0.28 per share, with around 41.9 million shares to be issued under its existing placement capacity and around 10.4 million shares to be issued subject to shareholder approval.

The placement was supported by both existing shareholders, as well as new institutional and professional investors. A non-underwritten share purchase plan to raise up to AU$2 million will be offered to eligible shareholders, it added.

It will use the proceeds to fund its acquisition of MediaWorks.

Its shares fell 1% in recent trading on Friday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2659199572"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2659199572\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2659199572?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-14 08:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2659199572","market":"hk","top_or_hot":-1,"title":"Sports Entertainment Group to Raise Nearly AU$15 Million Via Oversubscribed Placement","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/SEAH.U\">Sports Entertainment</a> Group (ASX:SEG) said its placement was oversubscribed by Thursday, with binding commitments received from new and existing institutional and sophisticated investors to raise AU$14.6 million, according to a Friday filing with the Australian bourse.</p><p>The placement price is AU$0.28 per share, with around 41.9 million shares to be issued under its existing placement capacity and around 10.4 million shares to be issued subject to shareholder approval.</p><p>The placement was supported by both existing shareholders, as well as new institutional and professional investors. A non-underwritten share purchase plan to raise up to AU$2 million will be offered to eligible shareholders, it added.</p><p>It will use the proceeds to fund its acquisition of MediaWorks.</p><p>Its shares fell 1% in recent trading on Friday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sports Entertainment Group to Raise Nearly AU$15 Million Via Oversubscribed Placement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSports Entertainment Group to Raise Nearly AU$15 Million Via Oversubscribed Placement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-14 08:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/SEAH.U\">Sports Entertainment</a> Group (ASX:SEG) said its placement was oversubscribed by Thursday, with binding commitments received from new and existing institutional and sophisticated investors to raise AU$14.6 million, according to a Friday filing with the Australian bourse.</p><p>The placement price is AU$0.28 per share, with around 41.9 million shares to be issued under its existing placement capacity and around 10.4 million shares to be issued subject to shareholder approval.</p><p>The placement was supported by both existing shareholders, as well as new institutional and professional investors. A non-underwritten share purchase plan to raise up to AU$2 million will be offered to eligible shareholders, it added.</p><p>It will use the proceeds to fund its acquisition of MediaWorks.</p><p>Its shares fell 1% in recent trading on Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7052","symbol_name":"广播","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2659199572","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2659199572","pubTimestamp":1786668922,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Sports Entertainment Group  said its placement was oversubscribed by Thursday, with binding commitments received from new and existing institutional and sophisticated investors to raise AU$14.6 million, according to a Friday filing with the Australian bourse.The placement price is AU$0.28 per share, with around 41.9 million shares to be issued under its existing placement capacity and around 10.4 million shares to be issued subject to shareholder approval.The placement was supported by both existing shareholders, as well as new institutional and professional investors. A non-underwritten share purchase plan to raise up to AU$2 million will be offered to eligible shareholders, it added.It will use the proceeds to fund its acquisition of MediaWorks.Its shares fell 1% in recent trading on Friday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7052":"广播","BK4150":"赌场与赌博","SEGG":"Sports Ent","SEG.AU":"SPORTS ENTERTAINMENT GROUP L"},"translate_title":"体育娱乐集团将通过超额认购配售筹集近 1500 万澳元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEG.AU":1,"SEGG":1.5},"content_text":"Sports Entertainment Group (ASX:SEG) said its placement was oversubscribed by Thursday, with binding commitments received from new and existing institutional and sophisticated investors to raise AU$14.6 million, according to a Friday filing with the Australian bourse.The placement price is AU$0.28 per share, with around 41.9 million shares to be issued under its existing placement capacity and around 10.4 million shares to be issued subject to shareholder approval.The placement was supported by both existing shareholders, as well as new institutional and professional investors. A non-underwritten share purchase plan to raise up to AU$2 million will be offered to eligible shareholders, it added.It will use the proceeds to fund its acquisition of MediaWorks.Its shares fell 1% in recent trading on Friday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}