AI assistant
DATAWORKS GROUP LIMITED — Capital/Financing Update 2020
Jul 5, 2020
64802_rns_2020-07-05_ede6e798-491d-4dbd-94e2-dbcfbcdc3418.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [76 x 34] intentionally omitted <==
6 July 2020
Rights Issue Extension to Closing Date
The Board of IXUP Limited ( ASX:IXU ) ( IXUP or Company ), the leading technology company that secures data analytics and collaboration by using next-generation homomorphic encryption, advises that it will be extending the closing date of the fully underwritten, nonrenounceable, pro rata entitlement offer to 5.00 pm (AEST) on Thursday, 16 July 2020.
On 24 June 2020, the Company announced it would undertake a 1-for-1 non-renounceable, pro rata rights issue to raise approximately $2,228,401 (before costs and subject to rounding) via the issue of up to 222,840,158 fully paid ordinary shares ( Shares ) (subject to rounding) at an issue price of $0.01 per Share ( Entitlement Offer ).
The Entitlement Offer is fully underwritten by Cygnet Capital Pty Ltd ( Underwriter ).
Given Australia Post delivery delays and the current school holiday period, the Company wishes to ensure all documents relating to the Entitlement Offer are received and Eligible Shareholders have an ample opportunity to participate.
Indicative Timetable
The updated indicative timetable for the Entitlement Offer is below.
| Event | Date |
|---|---|
| Announcement of Entitlement Offer | Wednesday,24June2020 |
| Ex-datefor Entitlement Offer | Friday,26 June2020 |
| Record Date | 7.00pm (AEST), Monday, 29 June2020 |
| Entitlement Offer opens Dispatchof Booklet andEntitlement andAcceptanceForm |
Tuesday, 30 June 2020 |
| Entitlement Offer closes (Closing Date) | 5.00pm (AEST), Thursday, 16 July2020 |
| Shares quoted ona deferred settlement basis | Friday,17July2020 |
| Announcement of results oftheEntitlement Offer | Tuesday,21July2020 |
| Issue and allotment of Offer Shares under the Entitlement Offer |
Wednesday, 22 July 2020 |
| Dispatchof holding statements | Thursday,23 July2020 |
| Commencement of trading of new Offer Shares | Thursday,23 July2020 |
*The above timetable is indicative only and subject to change. The quotation of Shares is subject to ASX approval. Subject to approval of the Underwriter, the ASX Listing Rules and the Corporations Act and other applicable laws, the Company reserves the right to vary these dates, including the Closing Date, without notice, including extending the period of the Entitlement Offer or accepting late applications, either generally or in particular cases or bringing forward the Closing Date at its discretion. Any extension of the Entitlement Offer will have a consequential effect on the issue date of the Shares. All dates and times in the timetable above are in Sydney, Australia time.
This announcement has been authorised by the IXUP Board.
-ENDS-
==> picture [76 x 34] intentionally omitted <==
Enquiries :
Peter Leihn, IXUP Tel: +61 413 863 503 [email protected]
About IXUP
IXUP Limited (pronounced ‘eyes up’) is a listed technology company (ASX: IXU) that secures data analytics and delivers insights within a governance framework. The platform encrypts and connects data from multiple sources, solving the problems of data loss and misuse by enabling data owners to remain in complete control of their data. IXUP was listed in 2017. For more information visit www.ixup.com. IXUP’s registered address is Level 3, 5-7 Ross Street, Parramatta NSW 2150.