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INVESTSMART GROUP LIMITED — Capital/Financing Update 2013
Sep 19, 2013
65130_rns_2013-09-19_ba68b990-b5e0-4c9b-bb51-a8b154d1c415.pdf
Capital/Financing Update
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Australasian Wealth Investments Limited A.C.N. 111 772 359
Level 4, 1 Alfred Street SYDNEY, NSW 2000
20 September 2013
PO Box R1695, Royal Exchange NSW 1225
Telephone: (612) 9080 2377 Facsimile: (612) 9080 2378
Attention: Company Announcements ASX Limited Sydney NSW 2000
By E-lodgement
Capital Raising Update
Australasian Wealth Investments Limited (“ AWK ” or the “ Company ”) has raised approximately $10 million via placement of 28.6 million shares at $0.35 per share to domestic professional and sophisticated investors (“ Conditional Placement ”).
The Company has agreed with the Lead Manager to increase the entitlement offer to eligible Shareholders on the Record Date to two new Shares for every three existing Shares at $0.35 per Share to raise approximately $13.4 million (“Entitlement Offer”).
The proceeds of the Placement and Entitlement Offer will be used to fund the acquisition of InvestSMART, complete the partial acquisition of van Eyk Research Pty Ltd as announced on 8 April 2013, acquire the investment management contract, and provide additional working capital and capital for potential acquisitions as noted previously.
The indicative Offer timetable is as follows:
| hares trade ex-rights entitlementFriday 27th September 2013ecord date for Rights IssueThursday 3rd October 2013ispatch Rights BookletWednesday 9th October 2013ights Issue OpensThursday, 10th October 2013ights Issue ClosesThursday 24th October 2013hortfall Notice lodged with ASXWednesday 30th October 2013llotment of Entitlement Offer sharesMonday 4th November 2013ntitlement Offer shares expected to commence trading on ASX onormal settlement basisTuesday 5th November 2013 | hares trade ex-rights entitlementFriday 27th September 2013ecord date for Rights IssueThursday 3rd October 2013ispatch Rights BookletWednesday 9th October 2013ights Issue OpensThursday, 10th October 2013ights Issue ClosesThursday 24th October 2013hortfall Notice lodged with ASXWednesday 30th October 2013llotment of Entitlement Offer sharesMonday 4th November 2013ntitlement Offer shares expected to commence trading on ASX onormal settlement basisTuesday 5th November 2013 | hares trade ex-rights entitlementFriday 27th September 2013ecord date for Rights IssueThursday 3rd October 2013ispatch Rights BookletWednesday 9th October 2013ights Issue OpensThursday, 10th October 2013ights Issue ClosesThursday 24th October 2013hortfall Notice lodged with ASXWednesday 30th October 2013llotment of Entitlement Offer sharesMonday 4th November 2013ntitlement Offer shares expected to commence trading on ASX onormal settlement basisTuesday 5th November 2013 | hares trade ex-rights entitlementFriday 27th September 2013ecord date for Rights IssueThursday 3rd October 2013ispatch Rights BookletWednesday 9th October 2013ights Issue OpensThursday, 10th October 2013ights Issue ClosesThursday 24th October 2013hortfall Notice lodged with ASXWednesday 30th October 2013llotment of Entitlement Offer sharesMonday 4th November 2013ntitlement Offer shares expected to commence trading on ASX onormal settlement basisTuesday 5th November 2013 |
|---|---|---|---|
| llotment of | Entitlement Of | fer shares | |
| ntitlement | Offer shares | expected to c | ommence tr |
| ormal settle | ment basis | ||
| et Tanibl | Assets | ||
| ghe Company would like to inform investors that | |||
| hare of the | Company as | at 19 Septemb | er 2013 was |
Net Tangible Assets
The Company would like to inform investors that the estimated unaudited Net Tangible Asset Value per Share of the Company as at 19 September 2013 was $0.48 (excluding deferred revenue tax assets).
Yours faithfully
Australasian Wealth Investments Limited
Richard Matthews Company Secretary