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QORIA LIMITED — Capital/Financing Update 2021
Aug 12, 2021
65649_rns_2021-08-12_74744fc3-1646-4779-a7ce-ecb8f3a988d3.pdf
Capital/Financing Update
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ISSUE OF PLACEMENT AND INSTITUTIONAL ENTITLEMENT SHARES
Family Zone is pleased to advise that it has issued 207,425,197 fully paid ordinary shares ( Shares ) under the Placement and accelerated component of the Entitlement Offer ( Institutional Entitlement Offer ) announced to ASX on 6 August 2021.
The Shares were issued at $0.55 each raising a total of $114.1 million. These funds will be predominantly used to fund the upfront consideration payable for the completion of the acquisition of the Smoothwall business which is expected to occur Monday, 16 August 2021.
The Retail Entitlement Offer to raise approximately $32.3 million is currently open and personalised Entitlement and Acceptance Forms, which contain details of Entitlements and how these can be taken up, have been sent to Eligible Shareholders. The Retail Entitlement Offer closes 20 August 2021.
Please refer to the Appendix 2A lodged with ASX on 12 August 2021 for further details.
NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001
This notice is given by Family Zone Cyber Safety Limited (ASX: FZO) (Family Zone or the Company) in relation to an issue of 129,136,813 Shares, issued under the Placement without disclosure to investors under Part 6D/2 of the Corporations Act 2001 (Cth) (Act).
The Company hereby notifies ASX under section 708A(5)(e) of the Act that:
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a. the Shares were issued without disclosure to investors under Part 6D.2 of the Act;
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b. the Company is providing this notice under paragraph (5)(e) of section 708A of the Act;
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c. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
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d. as at the date of this notice, the Company has complied with section 674 of the Act; and
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e. as at the date of this notice, there is no information:
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i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
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ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
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A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
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B) the rights and liabilities attaching to the shares.
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Authorised for release by the Family Zone Board on 13 August 2021.
For more information, please contact:
Tim Levy Tim Dohrman Family Zone Cyber Safety Limited Managing Director Investor Relations 945 Wellington Street [email protected] [email protected] West Perth, WA 6005 +61 413 563 333 +61 468 420 846
About Family Zone
Family Zone is an ASX listed technology company focused on cyber safety. Meeting a growing demand to keep kids safe online and manage digital lifestyles, Family Zone has developed unique and innovative cloud-based solutions which combines Australian innovation with leading global technology.
To learn more about the Family Zone platform and the Company, please visit www.familyzone.com.