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BRAVURA SOLUTIONS LIMITED. — Capital/Financing Update 2017
Aug 8, 2017
64588_rns_2017-08-08_34d70f12-a729-48a4-bada-c8b18d1c035b.pdf
Capital/Financing Update
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Release to the Australian Stock Exchange
Voluntary escrow arrangements
Sydney, 9 August 2017 – Bravura Solutions Limited (ASX:BVS)
In accordance with ASX Listing Rule 3.10A Bravura advises that:
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101,127,033 shares currently held by the Ironbridge Funds (as defined in Bravura’s prospectus dated 28 October 2016 (Prospectus)) under voluntary escrow arrangements will be released from escrow at 4.15pm (Sydney Time) on the date on which the financial results of Bravura for the financial year ending 30 June 2017 are released to ASX, which will be no earlier than 23 August 2017; and
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3,658,596 shares currently held by the Management Shareholders (as defined in the Prospectus) under voluntary escrow arrangements will be released from escrow at 4.15pm (Sydney Time) on the first date on which the volume weighted average price of Bravura shares over any period of 10 consecutive trading days (in aggregate) commencing on or after the release of the financial results of Bravura for the financial year ending 30 June 2017 exceeds $1.74 (in accordance with the escrow deeds entered into by the Management Shareholders). Bravura will inform ASX when this has occurred.
The conditions for release from voluntary escrow under the relevant escrow deeds entered into by the Ironbridge Funds and Management Shareholders (respectively) are described in the Prospectus.
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For further information, please contact:
Martin Deda – CFO & Company Secretary
+61 2 9018 7800
Daryl Wright – Investor Relations & Media
[email protected] +61 2 9018 7891
Bravura Solutions Limited ABN 15 111 148 826 Level 6, 345 George Street Sydney NSW Australia 2000
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About Bravura Solutions Limited
Bravura Solutions Limited is a leading provider of software solutions for the wealth management, life insurance and funds administration industries, underpinned by functionally rich technology that enables modernisation, consolidation and simplification.
We are committed to increasing the operational and cost efficiency of our clients, enhancing their ability to rapidly innovate and grow, minimising their risk and enabling them to provide better service to their customers.
Backed by over 30 years of experience, our installed or managed hosted solutions are used by many of the world’s leading financial institutions. In excess of A$2.5 trillion/ £1.5 trillion in assets are entrusted to our systems.
We support our clients with a team of more than 1000 people in 12 offices across Australia, New Zealand, United Kingdom, Europe, Africa and Asia.
For more information about us visit www.bravurasolutions.com. You can also follow us @BravuraFinTech.
Bravura Solutions Limited ABN 15 111 148 826 Level 6, 345 George Street Sydney NSW Australia 2000
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