Australia's Janus Electric rises to over 3-month high on distribution deal

Janus Electric Holdings

29/09/2025 05:54

** Shares of Janus Electric Holdings Ltd JNS.AX rise as much as 34.5% to A$0.195, their highest level since June 19

** The clean energy solutions provider signs a share placement agreement (SPA) and distribution and licence agreement (DLA) with clean energy & electromobility firm EVUNI Pty

** Under DLA, co grants EVUNI an initial five-year term to be the exclusive distributor of co's products in the sub-Sahara region

** Under SPA, EVUNI will acquire 25 million shares in Janus Electric for A$5 million ($3.28 million) at A$0.2 per share, a 37.9% premium to stock's last close

** About 1.6 million shares traded, 4.3x the 30-day average

($1 = 1.5242 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))