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FLEXIROAM LIMITED — Capital/Financing Update 2019
Oct 9, 2019
64947_rns_2019-10-09_95f3b3a7-e4ab-40ec-9ba2-86be2af1eea1.pdf
Capital/Financing Update
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10 OCTOBER 2019
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DISPATCH OF ENTITLEMENT ISSUE OFFER DOCUMENTS
Flexiroam Limited (ASX: FRX , Flexiroam or the Company ) advises that the following offer materials have been dispatched to eligible shareholders today:
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the Company’s Prospectus dated 2 October 2019; and
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a personalised Entitlement and Acceptance Form.
The Renounceable Rights Issue has been offered on the basis of 1 New Share for every 4 Existing Shares held by eligible shareholders at the Record Date of 7 October 2019, to raise approximately $1.21 million before costs, through the issue of approximately 60,520,863 New Shares at $0.02 per Share (subject to rounding). For each New Share issued, shareholders will receive one new listed option (exercise price of $0.12 and 3-year term).
As detailed in the indicative timetable included in the Prospectus, the closing date for acceptances for the Renounceable Rights Issue is 24 October 2019.
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Further Information:
Email the Company at: [email protected]
ABOUT FLEXIROAM LIMITED
FLEXIROAM (ASX: FRX) FLEXIROAM (ASX: FRX) is a global connectivity provider offering data access to travellers across the world. Its service coverage spans across 130 countries with its access to over 580 network operators globally. Flexiroam is affiliated with over 100 travel industry partners including major international airlines to serve customers from over 190 countries and territories.
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