Successful Capital Raising and Completion of Trading Halt.
Stealth Group Holdings Ltd (ASX: SGI) (“Stealth” or “the Company”) advises that the trading halt requested on April 16, 2025, has now been lifted following the successful completion of a capital raising to institutional and sophisticated investors.
The amount raised was $7.5 million before capital raising costs. This is the Company’s first capital raise since listing on the ASX in October 2018 and marks a significant milestone in strengthening the shareholder register and positioning Stealth for its next phase of growth.
Capital Raise Overview
- The capital raising has attracted support from high-quality institutional investors, marking the first time in three years that institutional investors have joined the Stealth register.
- The raise also included participation from select sophisticated investors, further broadening and strengthening the Company’s shareholder base.
- Funds raised will be deployed to support growth-focused initiatives aligned to Stealth’s FY28 strategic target of $300 million in sales, including:
- – Expansion of exclusive and own-brand product ranges
- – Growth of Marketplaces and the store-in-store roll-out
- – Launch of Hire business including new In-Store Hire-rental openings
- – Investment in network expansion, digital infrastructure, and customer channels
- – Subscription & Loyalty programs enhancing customer retention and growing new revenue streams.
- – Strengthening the balance sheet to enhance financial flexibility and support margin accretive opportunities.
- Strategic Rationale
- This capital raising is a strategic initiative to support long-term value creation, improve register composition, increase liquidity, and provide the financial capacity to execute Stealth’s growth plans.
- Stealth is evolving into a scalable, higher-margin, multi-channel distribution platform servicing both B2B and B2C markets across industrial, safety, workplace, automotive, and consumer categories.
- CEO Mike Arnold said: “The strong support from institutional and sophisticated investors is a clear endorsement of our strategy and growth potential. This marks a new chapter for Stealth as we accelerate our ambitions and build a stronger, future-ready business.”
ASX: SGI
BOARD OF DIRECTORS
Chris Wharton AM Chairman
Michael Arnold
Group Managing Director & CEO
John Groppoli Non-Executive Director
Simon Poidevin Non-Executive Director
ISSUED CAPITAL
117.0 million Ordinary Shares
PRINCIPAL OFFICE
Level 2/43 Cedric Street Stirling, Western Australia 6021
CONTACT
Michael Arnold
Group Managing Director & CEO
Jessica Rich Investor Relations
P: +61 8 6465 7800
E: [email protected] W: www.stealthgi.com
ABN: 25 615 518 020
GROUP OPERATING BRANDS
› Heatleys Safety, Industrial & Automotive
› Force Technology International › United Supply Company
› Trade Member Direct
WEBSITES
› heatleys.com.au
› forcetechnology.com.au › cltoolcentre.com.au
› isgaus.com.au
› unitedtools.com.au
› toolspareparts.com.au
ASX: SGI
Next Steps
Settlement of the placement is expected on April 29, 2025, with 12.5 million new shares to be issued and commence trading on April 30, 2025.
The Company thanks all participating investors and MST Financial for their support and looks forward to delivering continued progress in line with its FY28 strategic targets.
This announcement was authorised to be given to the ASX by the Board of Directors of Stealth Group Holdings Ltd.
Investor enquiries:
Mike Arnold
Managing Director & CEO +61 (0) 8 6465 7800 [email protected]
About the Stealth Group
Jessica Rich
Investor Relations
+61 (0) 8 6465 7800 [email protected]
Chris Wharton
Chairman
+61 (0) 8 6465 7800 [email protected]
ASX NEWS RELEASE (CONT)
Stealth Group Holdings is a leading Australian multi-sector distribution company, providing a wide-range of industrial, safety, automotive, workplace and consumer products and solutions to businesses, trade-professionals and retail consumers through an omni-channel model incorporating a large sales force, contact centres, physical stores and online.
Stealth operates with two divisions, Industrial and Consumer, that collectively have over 200,000 products in-stock on sale in stores and distribution centres from hundreds of suppliers. In addition, it sources on customer demand, more than 300,000 non-stocked products from its suppliers.
The business also runs an innovative drop-shipping model whereby products are sent directly to customers by suppliers, enabling faster delivery times and reducing the need to hold inventory, allowing for a larger product range.
The large everyday product offer is complemented by an exclusive brand range and a private label range which is sourced directly by Stealth from overseas suppliers.
Stealth also offers various services and solutions to business and trade customers including bespoke product ranges, design-manufacturing-procurement, inventory management, hire-rental services, and onsite solutions by a dedicated support team.
Stealth Group’s registered office and principal place of business is Level 2, 43 Cedric Street, Stirling, Perth, Western Australia and is listed on the Australian Securities Exchange under the code SGI.
END OF RELEASE
