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8COMMON LIMITED — Capital/Financing Update 2021
Aug 10, 2021
64263_rns_2021-08-10_f9872666-2318-4b06-846e-db3af2e6766e.pdf
Capital/Financing Update
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8common
ASX Release
11 August 2021
Confirmation of Capital Structure
Fintech company 8common Limited (“8common” or the “Company”) (ASX: 8CO) advises that it has completed the allotment of 21,000,000 fully paid ordinary shares further to its recent capital raise, details of which were lodged with ASX on 3 August 2021. The Company has also issued 50,000 fully paid shares following an exercise of 50,000 unlisted options.
The Company has today released two Appendix 2As further to the issue of shares referenced above.
The Company notes that following the allotment of shares noted in the two Appendix 2As, the number of shares on issue currently totals 221,559,756, being:
| Fully Paid Ordinary | Options | |
|---|---|---|
| Shares (listed) ASX:8CO | (unlisted) ASX:8COAD | |
| Prior to today’s allotments | 200,509,756 | 1,515,054 |
| Appendix 2A (11/8/2021) | 21,000,000 | |
| Appendix 2A (11/8/2021) | 50,000 | (50,000) |
| Total | 221,559,756 | 1,465,054 |
This release has been approved by the Board of 8common Limited.
-END-
Further information
Corporate Investors Nic Lim Craig Sainsbury [email protected] [email protected] Executive Chairman
About 8common Limited
8common (ASX:8CO) solutions deliver enterprise grade financial transaction processing for government entities and large enterprise businesses. Its flagship Expense8 platform is a leading pureplay provider of end to end travel expense management software, card application and management. The innovative software solutions improve organisation, productivity, incorporate company organisational policies and expense auditing to reduce fraud. Expense8 by 8common was named a Major Player in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Travel and Expense Management Applications 2019 Vendor Assessment.
Its new products being PayHero (procurement payment gateway) and CardHero (pre-paid card fund distribution) deliver closed loop solutions to support regulated, large network and high-volume requirements. 8common’s specialises in large enterprise and government segments.
Its growing client base of more than 163,000 platform users include enterprise customers Woolworths, Broadcast Australia, Amcor, and over 158 state and federal government entities. For more information, visit https://www.8common.com/