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HARRIS TECHNOLOGY GROUP LIMITED — Capital/Financing Update 2014
Apr 2, 2014
65074_rns_2014-04-02_6b7e5b75-d4cd-40ba-956b-ad0e9bba686e.pdf
Capital/Financing Update
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Shoply Limited
ASX:SHP
ASX and Media Release
3 April 2014
Rights Issue Closure and Notice of Shortfall
Shoply Limited (the Company ) advises that its recent pro-rata renounceable rights issue of 1 new share for every 5 existing shares held as at the relevant record date at an issue price of 3 cents per share with 1 free attaching option (exercisable at 3.5 cents and expiring on 31 July 2015) for every two new shares subscribed ( Rights Issue ) closed on 2 April 2014.
The Company received valid applications for 15,143,241 new shares . This includes a number of applications for new shares in addition to shareholders’ entitlements under the Rights Issue. All of the applications for additional shares have been accepted in full.
The Rights Issue was underwritten by Patersons Securities Limited ( Underwriter ) to $1.8 million (60 million new shares), and the Company confirms that in accordance with terms of its underwriting agreement with the Underwriter, the underwritten shortfall of 44,856,759 new shares will be placed by the Underwriter. The Company confirms that a shortfall notice has been issued in accordance with the underwriting agreement.
When completed, the total funds raised under the Rights Issue will be $1.8 million (before costs). The new shares and options under the Rights Issue are expected to be issued on 10 April 2014.
“With our financing now drawing to a conclusion, we look forward to settlement of the acquisition of the business and assets of Your Home Depot Pty Ltd and are excited to embark on the next stage of the Company’s growth,” said Shoply’s CEO Simon Crean.
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For further information contact: Simon Crean Chief Executive Officer M: + 61 433 777 717 E: [email protected]
About Shoply Limited
Shoply is an Online Shopping and Online Advertising business focusing on the retail sale of consumer goods and distribution of advertising to publishers and publisher networks. http://www.shoply.com.au
Shoply Limited ACN 085 545 973
Level 1, 61 Spring Street Melbourne VIC 3000
W: www.shoply.com.au E: [email protected]
T+ 613 9286 7500 F+ 613 9662 1472