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NEXTED GROUP LIMITED — Capital/Financing Update 2015
Nov 12, 2015
65463_rns_2015-11-12_a9dd730a-3cc8-4c25-ab1d-28d8317d32ac.pdf
Capital/Financing Update
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13 November 2015
Australian Securities Exchange Limited Via e - lodgement – ASX Code ICT
NON-RENOUNCEABLE RIGHTS ISSUE EXTENSION OF CLOSING DATE OF ENTITLEMENT OFFER
On 19 October 2015, iCollege Ltd (“ICT or the Company”) announced a Non-renounceable Rights Issue of approximately 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 for 2 basis. The Offer will raise approximately $1.7 million if it is fully subscribed and details were set out in full in the Offer Document dispatched to Shareholders on 4 November 2015.
The Offer was scheduled to close on 17 November 2015. ICT advises that it will be extending the closing date for the Offer to 5pm (AEST) on Tuesday 24 November 2015. ICT considers it appropriate to extend the closing date of the Offer to allow shareholders additional time to consider participation in the Offer in addition to being made fully informed in light of recent announcements made to ASX.
A revised timetable in respect of the Offer is set out below.
| Event | Date |
|---|---|
| Announcement of Offer, Appendix 3B, cleansing notice and Offer Documentlodged with ASX | 23 October 2015 |
| Notice sent to Shareholders | 27 October 2015 |
| ‘Ex’ date | 28 October 2015 |
| Record Date (5.00pm (AEST)) | 30 October 2015 |
| Offer Document sent to Eligible Shareholders and announcement of issue of theOffer Document | 4 November 2015 |
| Opening Date | 4 November 2015 |
| Closing Date * (5.00pm (AEST)) | 24 November 2015 |
iCollege Ltd ABN 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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| Deferred settlement trading commences * | 25 November 2015 |
|---|---|
| ASX notified of any under-subscriptions ** | 27 November 2015 |
| Issue of new Securities and deferred settlement trading ends ** | 1 December 2015 |
| Issue of holding statements and commencement of trading of new Securities ** | 2 December 2015 |
Notes:
- Subject to the ASX Listing Rules, the Directors reserve the right to extend the Closing Date for the Offer at their discretion. Should this occur, the extension will effect the anticipated date of issue of the new shares and options.
- ** These dates are indicative only and are subject to change.
For further Information:
Mr Ross Cotton
Executive Chairman
iCollege Limited +61 (0) 419 870 363 [email protected]
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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