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HUMM GROUP LIMITED — Capital/Financing Update 2015
Nov 18, 2015
65078_rns_2015-11-18_859063ad-e60e-49bf-af44-0789937e2afd.pdf
Capital/Financing Update
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Successful completion of Retail Entitlement Offer
FlexiGroup Limited (“FlexiGroup”) (ASX: FXL) is pleased to announce the successful completion of the retail component of its 1 for 4.46 accelerated non-renounceable entitlement offer of new FlexiGroup shares ("New Shares") announced on 27 October 2015 ("Entitlement Offer").
The retail component of the Entitlement Offer ("Retail Entitlement Offer") closed at 5.00pm on Monday, 16 November 2015 raising approximately A$98 million. Together with the institutional component, the total amount raised under the Entitlement Offer is approximately A$150 million.
Eligible retail shareholders who subscribed for additional New Shares were allocated the full amount of their eligible application.
The take up rate by eligible retail shareholders, (including additional New Shares applied for in excess of entitlements) was approximately 95%. This figure excludes the entitlement of Mr Andrew Abercrombie who subscribed for 71% of his entitlement (approximately A$27 million) pursuant to his pre-commitment.
Commenting on the outcome of the Entitlement Offer, Mr David Stevens, Acting CEO and Chief Financial Officer, said, "We are pleased with the strong support for the Entitlement Offer from FlexiGroup's retail shareholders in addition to the institutional shareholder take-up of over 99%. We thank all of our investors who participated in the Entitlement Offer which enables FlexiGroup to proceed, subject to the satisfaction of various conditions precedent, with the acquisition of Fisher & Paykel Finance as announced on 27 October 2015."
The settlement date for the New Shares under the Retail Entitlement Offer is Monday, 23 November 2015. These New Shares are expected to be issued on Tuesday, 24 November 2015 and commence trading on ASX on Wednesday, 25 November 2015.
For media queries or Investor Relation, please contact:
| Investors / Analysts | Media |
|---|---|
| David Stevens | Peter Brookes, Citadel-Magnus |
| Acting CEO and Chief Financial Officer | T: 0407 911 389 |
| T: 02 8905 2178 |
Important information
Nothing contained in this announcement constitutes investment, legal, tax or other advice. You should make your own assessment and take independent professional advice in relation to the information and any action on the basis of the information.
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
This release may not be distributed in the United States. This release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. No action has been taken or will be taken to register, qualify or otherwise
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permit a public offering of new FlexiGroup shares in any jurisdiction outside Australia and New Zealand. In particular, the new shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended ( U.S. Securities Act ) or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, to persons in the United States or persons who are acting for the account or benefit of persons in the United States, unless they have been registered under the U.S. Securities Act (which FlexiGroup has no obligation to do or procure), or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.