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COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2020
Jun 9, 2020
64639_rns_2020-06-09_8b18b73f-301b-464a-b0ce-95833a8141dc.pdf
Capital/Financing Update
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Proposed issue of securities
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Announcement Summary
Entity name
INTIGER GROUP LIMITED
Announcement Type
New announcement
Date of this announcement
Wednesday June 10, 2020
The Proposed issue is:
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A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
Maximum Number of ASX +Security Code +Security Description +securities to be issued IAM ORDINARY FULLY PAID 250,000,000
Proposed +issue date Friday June 12, 2020
Refer to next page for full details of the announcement
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Proposed issue of securities
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Part 1 - Entity and announcement details
1.1 Name of +Entity
INTIGER GROUP LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
1.2 Registered Number Type
ACN
Registration Number
098238585
1.3 ASX issuer code
IAM
1.4 The announcement is
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New announcement
1.5 Date of this announcement
Wednesday June 10, 2020
1.6 The Proposed issue is:
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A placement or other type of issue
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Proposed issue of securities
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Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity
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No
Part 7B - Issue details
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class
Will the proposed issue of this +security include an offer of attaching +securities? No
Details of +securities proposed to be issued
ASX +Security Code and Description
IAM : ORDINARY FULLY PAID
Maximum Number of +securities proposed to be issued
250,000,000
Purpose of the issue
The funds raised will be used for evaluating potential acquisition opportunities and general working capital purposes.
Offer price details for retail security holders
In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 0.00050
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes
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Proposed issue of securities
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Oversubscription & Scale back details
May a scale back be applied to this event? No
Part 7C - Timetable
7C.1 Proposed +issue date
Friday June 12, 2020
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No
7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?
250,000,000 Ordinary fully paid shares
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No
7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Yes
7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which they will cease to be subject to +voluntary escrow
250,000,000 Ordinary fully paid shares. Escrow is the earlier of a period of 12 months from settlement of Placement Shares or until a Cleansing Prospectus is issued.
Part 7E - Fees and expenses
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7E.1 Will there be a lead manager or broker to the proposed issue? Yes
7E.1a Who is the lead manager/broker?
Euroz Securities Limited
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
The Company has agreed to pay Euroz an equity raising fee, in shares (calculated based on the Offer Price), equal to 6.0% of the total gross dollar amount raised under the Placement (Placement Fee). The Placement Fee will be subject to shareholder approval, and in the event, shareholders do not approve the Placement Fee Shares, it will be payable in cash.
7E.2 Is the proposed issue to be underwritten? No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Part 7F - Further Information
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No
7F.2 Any other information the entity wishes to provide about the proposed issue
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