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HANSEN TECHNOLOGIES LIMITED — Capital/Financing Update 2017
Jul 3, 2017
65073_rns_2017-07-03_5ca81f33-f1f5-4ddd-8fcd-e92317d17740.pdf
Capital/Financing Update
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ASX/Media Release
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4 July 2017
Successful completion of Institutional Placement
Key Points:
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Institutional Placement successfully completed, raising $A40 million
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Strong support shown by both existing and new institutional shareholders
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Share Purchase Plan details will be released to eligible shareholders shortly
Hansen Technologies Limited (ASX: HSN), a leading global provider of billing and customer care solutions, is pleased to announce the successful completion of its A$40 million institutional placement (“Placement”) of new fully paid ordinary shares (“New Shares”) at A$3.70 per share. Funds from the equity raising will be used to partially fund the acquisition by Hansen of Enoro Holdings A/S and for working capital purposes.
The Placement will result in the issue of 10.8 million new shares will rank equally with existing Hansen shares.
Hansen’s CEO, Andrew Hansen, said “I am very pleased with the strong support we received for the Placement from existing and new institutions. Hansen’s Board and management team are excited about the opportunities provided by the Enoro acquisition and the show of support we have received.”
As a result of this announcement, Hansen will resume trading from the commencement of trading today.
As announced on 3 July 2017, Hansen will undertake a Share Purchase Plan (“SPP”) that will offer eligible shareholders the right to participate in an SPP that will enable shareholders to apply for up to $5000 of shares at the same price as the Placement. The amount raised by the SPP will be capped at approximately A$10 million. Shareholders on the Company’s register at 7.00pm on 30 June (Record Date) whose registered address is in Australia or New Zealand will be entitled to participate in the SPP. Further details on the SPP, including the timetable, will be provided to shareholders shortly.
For further information:
Andrew Hansen Chief Executive Officer +61 3 9840 3000
Niv Fernando
Chief Strategy & Commercial Officer +61 3 9840 3000
About Hansen
Hansen Technologies (ASX: HSN) is a leading global provider of Customer Information Systems and Data Management systems to four industry verticals: Energy, Pay-TV, Telecommunications and Water. With over 40 years’ experience, Hansen will have 1,000 staff spread globally and more than 500 customer installations worldwide following the acquisition of Enoro. We enable our customers to streamline and optimise critical billing and operational processes, manage and analyse consumption data and improve their customers’ experience.
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