$2.2M Strategic Share Placement & Share Purchase Plan
Released
Released
Announcement PDF
Delorean Corporation Ltd | ACN 638 111 127
Deloreancorporation.com.au | Unit 1 Ground Floor, 1205 Hay Street WEST PERTH WA 6005 | PH: 08 6147 7575
30 April 2026
ASX Announcement
$2.2M STRATEGIC SHARE PLACEMENT AND SHARE PURCHASE PLAN
HIGHLIGHTS:
• Delorean Corporation has successfully completed a strategic placement of 24,400,000
shares at $0.09 per share for a total of $2.2 million to LMS Energy one of Australia’s most
experienced biogas companies.
• LMS Energy will become a 9.97% shareholder in Delorean following completion of the
placement.
• The Company will be offering a Share Purchase Plan (“SPP”) on the same terms as the
strategic placement to all existing shareholders on the register at 5.00pm AWST on
Wednesday 29 April 2026.
• Delorean will apply the capital that has been raised towards working capital and
continuing the Company’s growth in its bioenergy infrastructure development pipeline.
Delorean Corporation Limited (ASX: DEL) (“Delorean” or “the Company) is pleased to
announce that the Company has secured a $2.2m strategic investment from LMS Energy
to support working capital and the Company’s bioenergy infrastructure development
pipeline.
The Company has raised $2.2m via a private placement to LMS Energy (the “Placement”). The
Placement will result in the issue of 24.4 million new fully paid ordinary shares in the Company
(“Shares”), at an issue price of $0.09 per share. The Placement price represents a 10% discount
to the last closing price per share on 28 April 2026 and a 13% discount to the 15-day Volume
Weighted Average Price (“VWAP”). New shares issued under the Placement will be issued
under Delorean’s existing capacity under Listing Rule 7.1 and will rank pari passu with existing
ordinary shares form the date of issue.
With more than four decades’ experience in the bioenergy sector, LMS Energy operates more
than 70 biogas projects across Australia, New Zealand and the United States.
Allotment of the new shares under the Placement is expected to occur on Friday, 1 May 2026
with trading of the new shares commencing on the ASX on the same date.
Share Purchase Plan:
In addition to the placement, the Company intends to conduct a Share Purchase Plan seeking the
same amount as the Placement ($2.2million) and at the same price as the Placement ($0.09 per
share). Eligible DEL shareholders as at the record date of 5.00pm AWST on Wednesday 29 April
2026 with a registered address in Australia or New Zealand will be offered the opportunity
under the SPP to apply for up to $30,000 worth of new Shares (subject to any scale back at the
Delorean Corporation Ltd | ACN 638 111 127
Deloreancorporation.com.au | Unit 1 Ground Floor, 1205 Hay Street WEST PERTH WA 6005 | PH: 08 6147 7575
Company’s absolute discretion) at the same price as those shares issued under the Placement,
being $0.09 per share.
The full terms and conditions of the SPP will be detailed in an SPP Offer announcement to be
dispatched to eligible shareholders in due course.
The proceeds from the Placement and SPP will be used to support working capital and
continuing the Company’s growth in its bioenergy infrastructure development pipeline.
Indicative SPP Timetable
Record Date for Share Purchase Plan Wednesday 29 April 2026
Announce Share Purchase Plan and placement and Lodge ASX
intention to issue shares
Thursday 30 April 2026
Issue of Shares under Placement, and lodge Appendix 2A and
Cleansing Notice with ASX
Friday 1 May 2026
Dispatch Share Purchase Plan booklet to shareholders and
release Offer Letter on the ASX platform
Opening date for Share Purchase Plan
Monday 4 May 2026
Closing date for Share Purchase Plan Monday 25 May 2026 - 5.00pm (AWST)
Announcement of result of Share Purchase Plan Wednesday 27 May 2026
Issue of new Shares under the Share Purchase Plan and lodge
Appendix 2A
Friday 29 May 2026
- These dates are indicative only. The Company may vary the dates and times of the Offer without notice.
Authorised on behalf of the Delorean Corporation Board of Directors by Hamish Jolly,
Executive Chair.
For more information/interview please contact:
Joseph Oliver, Managing Director
Delorean Corporation Ltd
+61 (0) 8 6147 7575
info@deloreancorporation.com.au
Delorean Corporation Ltd | ACN 638 111 127
Deloreancorporation.com.au | Unit 1 Ground Floor, 1205 Hay Street WEST PERTH WA 6005 | PH: 08 6147 7575
About Delorean Corporation Limited
Delorean Corporation (ASX: DEL) is a leading Australian bioenergy company specialising
in the design, construction, ownership, and operation of bioenergy infrastructure. In
addition to renewable power and gas generation, Delorean also operates an energy retail
division.
Through its Engineering, Infrastructure, and Energy Retail divisions, Delorean delivers projects
across the full lifecycle — from conception to operation — processing and diverting organic
waste from landfill, generating renewable energy, and monetising multiple revenue streams
including electricity, heat, gas, carbon credits, and waste processing fees.
Share your feedback
Discover