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CONNEXION MOBILITY LTD — Capital/Financing Update 2017
Dec 17, 2017
64739_rns_2017-12-17_fa49e716-3737-43ee-943f-58309c31512e.pdf
Capital/Financing Update
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ASX Announcement
18 December 2017
Entitlement Issue – Distribution of Prospectus
Melbourne Australia: Connexion Media Limited (ASX:CXZ), an innovator and leader in the connected car market, advises that the Non-Renounceable Entitlement Issue Prospectus as lodged with the ASX on 8 December 2017 has been distributed to shareholders.
Timetable and Important Dates
| Timetable and Important Dates | |
|---|---|
| Announcement of Rights Issue | 8 December 2017 |
| Lodgement of Prospectus with the ASIC / ASX and Appendix 3B | 8 December 2017 |
| lodged with ASX | |
| Notice sent to Optionholders | 11 December 2017 |
| Notice sent to Shareholders notifying them of the Rights Issue | 11 December 2017 |
| Ex-date | 13 December 2017 |
| Record Date for determining Entitlements (5:00 pm WST) | 14 December 2017 |
| Prospectus dispatched to Shareholders and Company announces | 15 December 2017 |
| dispatch has been completed | |
| Opening Date | 18 December 2017 |
| Closing Date1(5:00 pm WST) | 19 January 2018 |
| Securities will be quoted on a deferred settlement basis | 22 January 2018 |
| ASX notified of under subscriptions | 24 January 2018 |
| Dispatch of holding statements, deferred settlement trading ceases | 29 January 2018 |
| & Appendix 3B lodged with the ASX | |
| Quotation of Shares issued under the Offer | 29 January 2018 |
Note:
1 The Directors may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. As such the date the New Shares are expected to commence trading on ASX may vary.
This timeline is indicative only and is subject to change. The Company reserves the right to vary the dates and times of the offer, subject to compliance with the Corporations Act and the Listing Rules. Should this occur, any extension will have a consequential effect on the anticipated date of issue of the New Shares.
Ends
Level 1, 11-19 Bank Place, Melbourne Victoria, 3000 www.connexionltd.com
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Media queries: Lisa Parsons Parsons Corporate T: +61 41 520 6913 E: [email protected]
About Connexion Media
Connexion Media specialises in developing and commercialising smart car software apps and services for internet-connected vehicles and mobile devices. The Company is headquartered in Melbourne, Australia and currently has offices in Cambridge and Detroit.
Connexion has two core products in commercialisation, CXZ Telematics and miRoamer. CXZ Telematics is a highly sophisticated smart car solution that allows car fleet managers to manage an entire fleet of vehicles from a mobile phone or computer and deliver cost efficiencies through reduced maintenance costs. CXZ Telematics is able to track a range of real time and historical data including vehicle locations, distance travelled, fuel consumption, battery life, engine performance and absolute and average speeds travelled. It is also able to monitor driver behaviour and instantly send notifications and alarms to vehicle owners and fleet managers.
miRoamer is a next generation internet radio product that allows users to pick up radio stations from broad geographies, including international stations. miRoamer has become the world leader in internet radio technology, delivering a superior understanding of the technical, content and marketing demands of radio manufacturers and car makers alike.
Level 1, 11-19 Bank Place, Melbourne Victoria, 3000 www.connexionltd.com