AI assistant
IDENTITII LIMITED — Capital/Financing Update 2020
Apr 28, 2020
65097_rns_2020-04-28_fddff720-e7f4-4330-9842-1de51718e953.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX ANNOUNCEMENT 29 April 2020
==> picture [101 x 17] intentionally omitted <==
Results of Entitlement Issue
Identitii Limited ( Identitii, Company ) (ASX:ID8), the FinTech improving the integrity of data as it moves around the global financial system, advises that its 1 for 1 non-renounceable entitlement offer closed on Friday, 24 April 2020. 54,518,799 shares were on offer at $0.07 per share ( Entitlement Offer ). Identitii received acceptances for 11,951,535 shares and raised $836,607.
Gleneagle Securities (Aust) Pty Ltd ( Underwriter ) partially underwrote the offer, up to 27,259,399 shares, meaning there was a shortfall of 15,307,864 shares ( Shortfall Shares ). The Company will issue a notice to the Underwriter specifying the number of Shortfall Shares and following receipt of payment of the underwritten amount, the Company will have raised in total $1,908,158.
The new shares are expected to be issued on 1 May 2020.
In accordance with clause 2.18 of the Entitlement Offer prospectus, the Directors have reserved the right to place any of the remaining 27,259,400 shares (Residual Shares) within three months of the closing date of the Entitlement Offer.
The Directors wish to thank all participating shareholders and investors for their support.
This announcement has been approved and authorised to be given to ASX by the Board of Identitii Limited.
For more information, please contact:
Elissa Hansen Company Secretary E: [email protected] P: +61 411 764 556
About Identitii
Identitii Limited is enabling a safe, secure and trusted global financial system by improving the integrity of financial information as it travels within and between organisations. Founded in 2014 and headquartered in Sydney, Australia, Identitii is listed on the Australian Securities Exchange (ASX:ID8).
For more information visit: www.identitii.com
==> picture [94 x 16] intentionally omitted <==
Identitii Limited
ABN 83 603 107 044 129 Cathedral St, Woolloomooloo, NSW 2011, Australia www.identitii.com [email protected]