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ONE CLICK GROUP LIMITED — Capital/Financing Update 2019
Jul 14, 2019
64250_rns_2019-07-14_740aa6fa-45c6-4ab6-b605-5bcdc8509d2f.pdf
Capital/Financing Update
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ASX RELEASE
15 July 2019
Completion of placement and Listing Rule 3.10.5A disclosure
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Sydney, Australia and Virginia and Massachusetts, USA - UUV Aquabotix Ltd (ASX:UUV) (“Aquabotix" or the “Company”) announces that it has issued 76,000,000 fully paid ordinary shares ( New Shares ), at $0.006 per New Share in respect of the placement announced on 10 July 2019 ( Placement ). The Placement raised a total of $456,000.
43,506,241 shares were issued under Listing Rule 7.1 and 32,493,759 shares were issued under Listing Rule 7.1A, as part of the Placement.
The Company provides the following information required under Listing Rule 3.10.5A:
(a) Dilution to existing ordinary shareholders caused by the Placement
| Number of ordinary shares | % of post Placement issued | |
|---|---|---|
| share capital | ||
| Ordinary shares on issue | 324,937,593 | - |
| before the Placement | ||
| Ordinary shares issued under | 43,506,241 | 10.9% |
| Listing Rule 7.1 | ||
| Ordinary shares issued under | 32,493,759 | 8.1% |
| Listing Rule 7.1A | ||
| Total number of ordinary | 400,937,593 | - |
| shares on issue after the | ||
| Placement |
- (b) Reasons why the Company issued the shares as a placement under Listing Rule 7.1A
The Company issued 32,493,759 shares under Listing Rule 7.1A as it considered a placement as the most efficient and expedient method for raising the funds required for general working capital.
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(c) The Placement was managed by Brentridge Capital Pty Limited and was not underwritten.
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(d) The Company will pay fees and costs of approximately $27,000 in connection with the Placement.
Further Information
Whitney Million Chief Executive Officer Email: [email protected] Tel: +1 508 306 9503
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About UUV Aquabotix Limited
Based in Sydney, Australia and Virginia and Massachusetts, USA, Aquabotix is an established underwater robotics company which manufactures and sells commercial and industrial-grade underwater drones for commercial, high-end consumer and military applications. It is also the first company globally that is offering commercially-available swarming underwater drones. Please visit www.aquabotix.com
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