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AI-MEDIA TECHNOLOGIES LIMITED — Capital/Financing Update 2021
May 19, 2021
64345_rns_2021-05-19_28c659af-9a59-4795-9b18-3d3afc98ac8e.pdf
Capital/Financing Update
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NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION OR RELEASE IN THE UNITED STATES
20 May 2021 ASX Announcement
Successful Completion of Retail Shortfall Bookbuild
Highlights
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Final component of capital raising successfully completed, raising a total of $40.0 million
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Clearing price for the Retail Shortfall Bookbuild of $0.81, representing a 1 cent premium to the offer price of $0.80
Access Innovation Holdings Limited (ACN 122 058 708) ( Company or Ai-Media ) is pleased to announce the completion of the retail shortfall bookbuild ( Retail Shortfall Bookbuild ), which concludes the retail component ( Retail Entitlement Offer ) of the 1 for 5.79 fully underwritten pro rata accelerated renounceable entitlement offer ( Entitlement Offer ).
The Retail Entitlement Offer will raise gross proceeds of approximately $5.0 million from the issue of approximately 6.3 million new Ai-Media shares ( New Shares ) at an issue price of $0.80 per New Share. Together with the institutional component of the Entitlement Offer and accompanying placement to institutional investors, Ai-Media will raise a total of $40.0 million (before costs).
Results of Retail Shortfall Bookbuild
Approximately 4.37 million retail entitlements were offered for sale under the Retail Shortfall Bookbuild. The Result Shortfall Bookbuild commenced after market close on Wednesday, 19 May 2021 and cleared at a price of $0.81 per New Share, representing a premium of 1 cent per New Share above the offer price of $0.80 per New Share.
Accordingly, eligible retail shareholders who elected not to take up their entitlements and certain ineligible retail shareholders will receive 1 cent less expenses ( Retail Premium ) for each New Share not taken up under the Retail Entitlement Offer.
The payment of the Retail Premium will be made on or about Thursday, 27 May 2021.
Issue of New Shares
Key remaining dates in relation to the New Shares to be issued under the Retail Entitlement Offer and the Retail Shortfall Bookbuild are as follows:
| Event | Date (2021) |
|---|---|
| Settlement of Retail Entitlement Offer and Retail ShortfallBookbuild | Tuesday, 25 May |
| Allotment of New Shares issued under the Retail EntitlementOffer and Retail Shortfall Bookbuild | Wednesday, 26 May |
| New Shares issued under the Retail Entitlement Offer andRetail Shortfall Bookbuild commence trading on ASX | Thursday, 27 May |
| Retail Premium provided | Thursday, 27 May |
Registered Office Level 6, 277 William Street, Melbourne VIC 3000
Corporate Office Level 1, 103 Miller Street, North Sydney NSW 2060
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Questions and further information
If you have any questions regarding the Entitlement Offer, you should contact the Ai-Media Share Registry between 8.30am to 5.00pm, Monday to Friday, AEST on:
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1300 850 505 (from within Australia); or
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+61 3 9415 4000 (from outside Australia).
ENDS
For more information, please contact:
Investors: Media: Sue Sanossian Clive Mathieson Company Secretary Cato & Clive +61 2 8870 7711 +61 411 888 425 [email protected] [email protected]
This ASX announcement was authorised for release by Ai-Media’s Board of Directors
About Ai-Media
Founded in Australia in 2003, technology company Ai-Media has become a global leader in the provision of high-quality live and recorded captioning, transcription and translation services. Its technology platform combines artificial intelligence and human expertise to deliver speech-to-text accuracy. The company is the biggest captioning provider in the Australian market, with clients including major free-to-air and pay television networks, and has a growing international footprint, with offices in Australia, the US, UK and Canada. Globally, it provides captioning for around 1 million minutes of live and recorded media content, and online events and web streams, every month. Ai-Media (ASX:AIM) commenced trading on the ASX on 15 September 2020.
For more information on Ai-Media please visit https://www.ai-media.tv/
IMPORTANT NOTICES
This announcement is not financial product or investment advice, a recommendation to acquire securities or accounting, legal or tax advice. It does not constitute an invitation or offer to apply for securities. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek legal and taxation advice appropriate for their jurisdiction. Ai-Media is not licensed to provide financial product advice in respect of an investment in securities.
Registered Office Level 6, 277 William Street, Melbourne VIC 3000
Corporate Office Level 1, 103 Miller Street, North Sydney NSW 2060