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ATOMOS LIMITED — Capital/Financing Update 2019
Oct 30, 2019
64380_rns_2019-10-30_c5ddcc40-607e-41cf-8017-cbce3ed47489.pdf
Capital/Financing Update
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ASX Announcement ATOMOS LIMITED (ASX:AMS) 31 October 2019
Cleansing Notice
On 25 October 2019, Atomos Limited (ASX:AMS, ‘ Atomos ’ or the ‘ Company ’), announced a placement of 15,293,643 new fully paid ordinary shares ( Shares ) at an issue price of $1.30 per Share under a placement to professional and sophisticated investors.
The placement Shares were issued today (31 October 2019) and will rank equally with all other Shares on issue. Placement proceeds will be used to pay the cash component of the consideration for the acquisition of Timecode Systems Limited (announced to the market on 25 October 2019), and to provide growth capital to maximise sales and margin and to take advantage of emerging market development opportunities.
The Company issued the placement Shares without a disclosure document to investors under Part 6D.2 of the Corporation Act.
The Company gives the following notice under Section 708A5(e) of the Corporations Act 2001 (Act):
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a) The Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
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b) As at the date of this notice the Company has complied with:
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i. the provisions of Chapter 2M of the Act as they apply to the Company; and
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ii. section 674 of the Act; and
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c) As at the date of this notice, there is no information that is “excluded information” within the meaning of Sections 708A(7) and 708A(8) of the Act.
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For further information please contact:
James Cody Matthew Wright Chief Financial Officer Media relations +61 3 9999 5908 +61 451 896 420 [email protected] [email protected]
About Atomos
Atomos is a global video technology company delivering award-winning, simple to use monitor-recorder content creation products. These products give content creators across the rapidly growing social, pro-video and entertainment markets a faster, higher quality and more affordable production system.
[7778497: 25339434_1] MELBOURNE[• ] TOKYO[• ] BEIJING[• ] LONDON[• ] FRANKFURT[• ] PARIS[• ] BROOKLYN[• ] PORTLAND[• ] LOS ANGELES
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Atomos’ range of products take images directly from the sensor of all major camera manufacturers, then enhance, record and distribute them in high-quality formats for content creation using the major video editing software programs. Since being founded in 2010, Atomos has established strategic relationships with key technology providers within the ecosystem including Apple, Adobe, Sony, Canon, Panasonic, Nikon and JVC Kenwood.
Atomos is based in Australia with offices in the USA, Japan, China, UK and Germany and has a worldwide distribution partner network.
For more information please visit www.atomos.com
[7778497: 25339434_1] MELBOURNE[• ] TOKYO[• ] BEIJING[• ] LONDON[• ] FRANKFURT[• ] PARIS[• ] BROOKLYN[• ] PORTLAND[• ] LOS ANGELES