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IGNITE LIMITED — Capital/Financing Update 2009
Sep 29, 2009
65110_rns_2009-09-29_35d43d5d-1308-4d7f-a242-0bcad10a757c.pdf
Capital/Financing Update
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Clarius Group Limited ABN 43 002 724 334
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30 September 2009
Australian Securities Exchange Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam,
Please find attached, for release to the market, an announcement from Clarius Group Limited announcing the completion of an equity capital raising.
Yours faithfully Clarius Group Limited
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Lawrence Gibbs Chairman
ME_82706704_3 (W2003)
Clarius Group Limited ABN 43 002 724 334
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ASX and Media Release
30 September 2009
CLARIUS GROUP SUCCESSFULLY COMPLETES $15.2 MILLION CAPITAL RAISING
Clarius Group Limited ( Clarius ) today announced the successful completion of the renounceable pro rata rights issue which was originally announced on 28 August 2009.
The rights issue will raise proceeds of approximately $12.2 million before costs. This follows the completion of the institutional placement which raised approximately $3 million earlier this month.
Clarius received applications totalling approximately $14.3 million under the rights issue, including applications by shareholders for shares in excess of their entitlement. This represents an over-subscription of the shares offered. Clarius will scale back applications for shares in excess of entitlements on a proportional allocation basis. This entitlement will be calculated based on the shareholding held as at the record date. Final allocations are subject to a reconciliation and audit process currently being conducted by Clarius' share registry.
Clarius will allot approximately 19,056,650 new shares under the rights issue on Thursday, 1 October 2009. These new shares are expected to commence trading on the ASX on Friday, 2 October 2009. Holding statements and refunds for over-subscriptions and invalid applications are expected to be despatched to rights issue participants on Thursday, 1 October 2009, together with payments to ineligible foreign shareholders representing the net proceeds of the sale of their rights.
ME_82706704_3 (W2003)