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BUTN LIMITED — Capital/Financing Update 2021
Oct 31, 2021
64580_rns_2021-10-31_85aa680f-747b-48bf-9e9b-9881890983a0.pdf
Capital/Financing Update
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Butn Limited ACN 644 182 883 www.butn.co
ASX Code: BTN
Melbourne, 1/11/2021 ASX ANNOUNCEMENT
Notice of Release of Escrowed Shares
Butn Limited (“Butn”, or “the Company”) advises pursuant to ASX Listing Rule 3.10A that 11,818,640 Ordinary Shares will be released from ASX imposed escrow on 10 November 2021.
The Escrowed Shares are held by various investors who invested in Butn in November 2020.
The Company will apply to ASX for quotation of the Ordinary Shares upon their release from escrow pursuant to ASX Listing Rule 2.8.5.
Authorised by
Rael Ross, Co-CEO and Executive Director of Butn Limited
Further information: Rael Ross, Joint CEO and Exec Director Investor Relations: [email protected]
About Butn
Butn Limited is an Australian Business-to-Business (‘B2B’) funder innovating the way SMEs fund and grow their businesses. Butn focuses on transactional funding – funding SME businesses through their working capital constraints by financing individual transactions, leveraging the end debtor’s credit. With a vision of “Your money, today” Butn delivers cashflow funding solutions at the click of a Butn having funded over $700 million to Australian businesses since 2015. For more information visit www.butn.co