Paladin Energy reports substantial holding shift, lodges cleansing prospectus

Paladin Energy Ltd (ASX:PDN) announced a change in substantial holding on September 19, 2025, with State Street Corporation and its subsidiaries increasing their voting power from 8.99% to 10.43%, representing 41,636,235 ordinary shares. This change occurred between September 11, 2025, and September 17, 2025, reflecting various lend and borrow activities involving State Street Bank and Trust Company.

Concurrently, Paladin Energy Ltd lodged a Cleansing Prospectus on September 19, 2025, offering up to 10 new ordinary shares at an issue price of A$7.25 per share. The primary purpose of this offer is to remove Australian trading restrictions on 5,136,794 Additional Fission Acquisition Shares issued on December 20, 2024, by meeting section 708A(11) of the Corporations Act 2001. The offer closes on September 23, 2025, with an issue date of September 25, 2025.

The Cleansing Offer is not intended to raise significant capital, with total expenses estimated at A$23,206, to be met from existing cash reserves. As of the prospectus lodgement, total shares on issue after the Cleansing Offer will be 399,115,438, not including 36,419,793 shares from a recent institutional capital raising.