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CREDIT CLEAR LIMITED — Capital/Financing Update 2021
Aug 18, 2021
64623_rns_2021-08-18_c6b37f8b-d1b8-4b5d-a1a5-d9640f866bde.pdf
Capital/Financing Update
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19 August 2021 ASX Announcement
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Credit Clear IPO Use of Funds Report – June 2021
In accordance with ASX Listing Rule 4.7C.2, Credit Clear Limited provides the following information:
The quarter ended 30 June 2021 is covered by the “Use of Funds Statement” disclosed in the Credit Clear Prospectus dated 15 September 2020. A summary of expenditure to date is outlined below:
| Systems Development:- Channel Controller, Tracking & Controllingand Strategy Manager(1)- Data Bureau(2)Business Development(3)Working Capital(4)Costs of the OfferTotal | As PerProspectusAUD$M6.402.402.102.751.3515.00 | Period sinceadmission to30 Jun'21AUD$M3.40-0.582.201.53 |
|---|---|---|
| 7.71 |
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(1) Relates to investment in the digital collection system in accordance with the planned development roadmap.
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(2) Data Bureau is the last phase of the roadmap. This component is yet to commence from an investment perspective.
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(3) Business development has been ongoing although somewhat restricted due to Covid. Activity is expected to ramp up as Covid eases.
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(4) Working capital relates to funding of the day-to-day operations.
For more information contact:
Lewis Romano
Corporate Affairs [email protected] +61 416 360 490
Joel Seah Investor Relations [email protected] +61 3 8582 4800
W: creditclear.com.au
Credit Clear Limited Level 4, 6 Riverside Quay Southbank VIC 3006
ABN: 48604797033
ACN: 604797033
ASX Code: CCR
P: 1300 909 934
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About Credit Clear:
www.creditclear.com.au
Founded in 2015, Credit Clear Limited is an Australian receivables management solution provider that has developed a proprietary digital billing and communication technology platform that helps businesses drive smarter, faster and more innovative financial outcomes by changing the way customers manage their payments through a user experience that the market demands in a digital age.
Credit Clear manages more than 350,000 active customer accounts across a range of industries including transport, financial services, insurance, government and utilities. The Company is based in Australia with headquarters in Melbourne and offices in Sydney, Brisbane, Adelaide, Perth and Geelong.
W: creditclear.com.au
P: 1300 909 934
Credit Clear Limited Level 4, 6 Riverside Quay Southbank VIC 3006
ABN: 48604797033
ACN: 604797033
ASX Code: CCR
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