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CREDIT CORP GROUP LIMITED — Capital/Financing Update 2019
May 6, 2019
64622_rns_2019-05-06_1a674748-87ba-4390-908f-033e4a8c00f4.pdf
Capital/Financing Update
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Credit Corp Group Limited ABN 33 092 697 151 Level 15, 201 Kent Street GPO Box 4475 Sydney NSW 2001 Phone +61 2 8651 5000 Fax 1300 483 926 www.creditcorp.com.au
ASX Release
7 May 2019
Credit Corp closes Share Purchase Plan
Credit Corp Group Limited (“Credit Corp”) confirms that the offer period under its previously announced Share Purchase Plan (“SPP”) closed at 5:00pm (AEST) on 3 May 2019.
The SPP was undertaken to provide all eligible shareholders the opportunity to subscribe for up to A$15,000 worth of New Shares, without incurring brokerage or transaction costs.
As the value of valid applications received significantly exceeds the target of A$10 million for the SPP, the Credit Corp Board has decided to exercise its discretion under the SPP terms to scale back the SPP applications to a total of A$15 million. All SPP applications will be scaled back on a pro rata basis.
The issue price of the New Shares will be A$20.45 per share, being the price at which the ordinary shares under the fully underwritten institutional placement in April 2019 were issued, raising a total of A$125 million.
Commenting on the SPP, CEO Mr Thomas Beregi said: “a key objective of the SPP was to provide existing non-institutional shareholders with an opportunity to increase their shareholding in the Company, following the successful institutional placement that raised A$125 million and I would like to thank our existing shareholders for their support.”
Approximately 0.734 million shares will be issued under the SPP. The SPP shares are expected to be issued on 10 May 2019 and holding statements will be dispatched to participating shareholders on or about 13 May 2019.
For more information, please contact: Mr Thomas Beregi Chief Executive Officer Tel: +61 2 8651 5777 Email: [email protected]
Mr Michael Eadie Chief Financial Officer Tel: +61 2 8651 5542 Email: [email protected]