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HUMM GROUP LIMITED Capital/Financing Update 2006
65078_rns_2006-12-21_0087e226-20c8-4324-8ed2-4df2cdae0f8c.pdf
Capital/Financing Update
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MALLESONS STEPHEN JAQUES
Confidential communication
22 December 2006
Company Announcements Manager Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000 Fax 1900 999 279
Dear Sirs
FlexiGroup Limited
Please find attached an announcement in relation to the successful completion of the Employee Gift Offer and the Reserved Offer made in connection with FlexiGroup Limited's initial public offer.
Yours sincerely
Melissa Ones
Melissa Jones Solicitor Direct line +61 2 9296 2459 Direct fax +61 2 9296 3999 Email [email protected]
Meredith Paynter Partner Direct line +61 2 9296 2277 Direct fax +61 2 9296 3999 Email [email protected]
Level 60 Governor Philip Tower 1 Farrer Place Sydney NSW 2000 Australia DX 113 Sydney ABN 22 041 424 954 [email protected] www.mallesons.com T+61 2 9296 2000 F+612 9296 3999
FOR IMMEDIATE RELEASE TO MARKET
22 December 2006
FlexiGroup Limited Initial Public Offer $\mathbf{1}$
FlexiGroup Limited ("FlexiGroup") today announced the successful completion of the Employee Gift Offer and the Reserved Offer made in connection with its initial public offer.
Trading of the FlexiGroup shares issued under the Employee Gift Offer and the Reserved Offer is expected to commence on a normal settlement basis on or about Friday, 29 December 2006.
All applicants are responsible for confirming the number of FlexiGroup shares allocated to them prior to selling any FlexiGroup shares. Applicants who wish to sell FlexiGroup shares before receiving their holding statement do so at their own risk.
Allocation of Shares $2.$
FlexiGroup is pleased to confirm that 4,443,158 shares have been issued today as follows:
| Reserved Offer | 3,500,000 |
|---|---|
| Employee Gift Offer | 127.000 |
| Deferred consideration in connection with acquisition of Flexirent Holdings Pty Limited |
816,158 |
Of the shares issued under the Reserved Offer, 576,375 shares have been issued to Eighth SRJ Pty Limited as trustee of the Philadelphia Trust in connection with its underwriting of the Reserved Offer, as outlined in FlexiGroup's prospectus dated 21 November 2006 ("Prospectus"). Goldman Sachs JB Were Pty Ltd and UBS AG, Australia Branch have been ssued 93,087 shares and 93,088 shares respectively in connection with their subunderwriting of the Reserved Offer.
In addition to the shares issued under the Reserved Offer and Employee Gift Offer, 816,158 shares were issued to Eighth SRJ Pty Limited as trustee of the Philadelphia Trust as part of the deferred consideration it is entitled to receive in connection with the acquisition of Flexirent Holdings Pty Limited.
All shares issued to Eighth SRJ Pty Limited as trustee of the Philadelphia Trust are subject to voluntary escrow until 2 business days after FlexiGroup announces to ASX its results for FY2007, as described in the Prospectus.
Grant of Options 3.
FlexiGroup is also pleased to announce the grant of:
- 5,437,500 options over ordinary shares in FlexiGroup to John DeLano as Managing $(a)$ Director and CEO of the Company; and
- 5,902,000 options over ordinary shares in FlexiGroup to the other eligible executives $(b)$ of FlexiGroup
on the terms of the Long Term Incentive Plan and subject to the other terms and conditions set out in the Prospectus in relation to the Option Offer.