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DTI GROUP LTD — Capital/Financing Update 2018
May 24, 2018
64790_rns_2018-05-24_ab0256f4-a3e4-4516-9e3d-a686f164f2cb.pdf
Capital/Financing Update
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25 May 2018
ASX Company Announcements Australian Securities Exchange Ltd Level 40 Central Park 152–158 St Georges Terrace Perth WA 6000
Dear Sir/Madam
Retail Entitlement Offer Closing Date Extended
DTI Group Ltd (ASX: DTI) ( DTI ) announced on Monday 14 May 2018 the launch of its fully underwritten 7 for 10 non-renounceable accelerated entitlement offer to raise approximately $6.2 million via the issue of approximately 88.7 million new shares ( Entitlement Offer ).
As announced on 16 May 2018, DTI completed the selected institutional Entitlement Offer, raising $2.05 million via the issue of approximately 29.2 million new shares ( Institutional Entitlement Offer ).
The retail component of the Entitlement Offer ( Retail Entitlement Offer ) is expected to raise approximately $4.16 million via the issue of approximately 59.5 million new shares. Eligible retail shareholders have been invited to participate in the Retail Entitlement Offer at the same offer price and offer ratio as the Institutional Entitlement Offer. The Retail Entitlement Offer opened on Monday 21 May 2018.
On 25 May 2018, the Company extended the closing date of the Retail Entitlement Offer from 5.00pm (EST) on Wednesday 30 May 2018 to 5.00pm (EST) on Wednesday 6 June 2018 .
As a result of this change, the updated indicative timetable for the Entitlement Offer is as follows:
| Last date to extend Retail Entitlement Offer close date | Friday 1 June 2018 |
|---|---|
| Retail Entitlement Offer close | Wednesday 6 June 2018 |
| Announce results of Retail Entitlement Offer | Monday 11 June 2018 |
| Settlement of new shares issued under the Retail EntitlementOffer | Tuesday 12 June 2018 |
| Issue date | Wednesday 13 June 2018 |
| Quotation of new shares issued under the Retail EntitlementOffer | Thursday 14 June 2018 |
| Holding statements sent to retail holders | Friday, 15 June 2018 |
- The above dates are indicative only and are subject to change .
31 Affleck Rd | Perth Airport WA 6105 T +61 8 9479 1195 | F +61 8 9479 1190 DTI Group Ltd | ABN 15 069 791 091
Shareholder Enquiries
Shareholders who have questions relating to the Entitlement Offer should call the Chief Executive Officer, Peter Tazewell, on +61 8 9373 2905 or email [email protected] or consult their stockbroker, accountant or other professional advisor.
About DTI Group
DTI provides sophisticated surveillance systems, solutions and services to the mobile security industry worldwide. DTI’s clients are transit agencies, transit operators, freight operators, law enforcement authorities and taxi organisations which utilise a range of professional products and services that encompass on-board recording equipment, fleet management systems, back-end mass storage and retrieval facilities and end-to-end managed services. Sales and project delivery is undertaken both by DTI directly and through its global partners’ network.
DTI is a recognised supplier to the mass transit surveillance market. Core technology development and system design activities are undertaken from the Company’s headquarters in Perth, Western Australia.
Not for Distribution in the United States
This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer of securities for sale in the United States or any other jurisdiction. Any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act 1933 or an exemption from registration.
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