Paladin Energy Ltd (ASX:PDN) has filed an updated Appendix 3B on 13 November 2026, revising the number of shares proposed to be issued under its Securities Purchase Plan (SPP), with the maximum total number of ordinary fully paid shares that could be issued set at 6,410,256, assuming the SPP raises a total of $50 million.

Key Points

  • Paladin Energy updated its previous Appendix 3B filing dated 12 November 2026 to reflect a change in the number of shares proposed to be issued under the SPP.
  • The maximum number of PDN ordinary fully paid shares that could be issued under the SPP is 6,410,256, based on a total raise of $50 million.
  • The offer price per security is AUD $7.80, with individual shareholders able to participate with amounts between $1,000 and $30,000.
  • The SPP is targeting up to $50 million, with Paladin reserving the right to scale back applications exceeding this amount at its absolute discretion.
  • The SPP is open only to eligible shareholders with a registered address in Australia or New Zealand as at the record date of 11 November 2026.

Updated SPP Share Count and Offer Terms

The update filed on 13 November 2026 amends Paladin Energy's earlier Appendix 3B lodged on 12 November 2026, with the sole reason for the update being a change in the number of shares proposed to be issued. The SPP will offer ordinary fully paid PDN shares at AUD $7.80 per security. Eligible shareholders may apply for parcels in specified amounts: $1,000, $2,500, $5,000, $7,500, $10,000, $15,000, $20,000, $25,000 or $30,000. The minimum individual acceptance is $1,000 and the maximum is $30,000. No external approvals are required before the offer proceeds.

SPP Timetable and Eligibility

According to the filing, the SPP was announced on 12 November 2026 with a record date of 11 November 2026. Offer documents are scheduled to be made available to investors on 23 November 2026, the same date the offer opens. The offer is set to close on 7 December 2026, with the issue date and the last day for Paladin to announce the results of the SPP offer disclosed as 14 December 2026. Participation is restricted to eligible shareholders whose registered address is in Australia or New Zealand as at the record date.

Use of Proceeds and Scale-Back Arrangements

The filing states that any additional proceeds raised under the SPP are to be applied to further PLS Project development spend, with reference made to Paladin's filings dated 12 November 2026 for further information. Paladin is targeting to raise up to $50 million and may, in its absolute discretion, scale back applications above this amount or apply such other cap as it determines. The new securities will rank equally in all respects from their issue date with existing issued ordinary fully paid PDN shares. No underwriting or broker handling fees are disclosed.