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NEXTED GROUP LIMITED — Capital/Financing Update 2015
Nov 24, 2015
65463_rns_2015-11-24_db1e1e73-c786-4917-b370-1acd579f191c.pdf
Capital/Financing Update
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----- Start of picture text ----- | ASX Announcement----- End of picture text -----
25 November 2015
Australian Securities Exchange Limited
Via e - lodgement – ASX Code ICT
NON-RENOUNCEABLE RIGHTS ISSUE ENTITLEMENT OFFER CLOSURE & NOTICE OF SHORTFALL
iCollege Ltd (“ICT or the Company”) advises that the Non-renounceable Rights Issue as announced to ASX on 19 October 2015 has been closed.
The Rights Issue offered up to 16,733,657 new fully paid ordinary shares to its shareholders, on a 1:4 basis, at an issue price of A$0.10 with a free attaching ICTO listed option on a 1:2 basis. Fully subscribed the offer would raise approximately $1.7 million.
In accordance with Appendix 7A of the ASX Listing Rules, the Company advises the following:
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The Company received acceptances for a total of 2,391,111 new shares raising $239,111
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The shortfall under the Rights Issue is 14,242,546 shares (Shortfall Shares)
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DJ Carmichael Pty Ltd (DJC) are now in the process of placing the shortfall shares as disclosed in the offer document
Allotment of the new shares under the entitlement offer is scheduled to take place on 1 December 2015 and trading on ASX of the new shares is expected to commence on 2 December 2015.
For further Information:
Mr Ross Cotton
Executive Chairman
iCollege Limited +61 (0) 419 870 363 [email protected]
iCollege Ltd ABN 75 105 012 066 ASX: ICT
P: (08) 6380 2555 F: (08) 9381 1122 Email: [email protected]
Suite 1 Ground Floor 437 Roberts Road Subiaco WA 6008
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About iCollege Limited:
iCollege (ASX: ICT) is a training organisation positioned to become one of Australia's leading educators. iCollege has grown since its inception in 2014 through targeted acquisitions and growth among its current portfolio companies. iCollege charges itself with the vision to assist students and workers to remain relevant in an ever-changing employment environment.
iCollege Ltd ACN 75 105 012 066 ASX: ICT
Suite 1 Ground Floor
P: (08) 6380 2555 F: (08) 9381 1122 Email: [email protected]
437 Roberts Road Subiaco WA 6008
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