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READCLOUD LIMITED — Capital/Financing Update 2020
Dec 7, 2020
65670_rns_2020-12-07_e14a6278-28d0-4dc7-bfee-6326708e351c.pdf
Capital/Financing Update
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ASX Release
8 December 2020
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Expiry of Listed Options – Capital Structure Update
ReadCloud Limited (“ReadCloud” or “the Company”; ASX: RCL, RCLO), advises that 16,493,663 of 16,666,663 of the Company’s Listed Options were exercised prior to their expiry on 30 November 2020. The remaining 173,000 Listed Options have now lapsed.
Details of the Company’s securities following the expiry of remaining Listed Options is provided follows:
| Number | Security Detail |
|---|---|
| 117,882,551 | OrdinaryFullyPaid Shares |
| 375,000 | Unlisted Options exercisable at$0.20,expiring7 February2021 |
| 75,000 | Unlisted Options exercisable at$0.20,expiring7 February2022 |
| 300,000 | Unlisted Options exercisable at$0.33 expiring7 May2022 |
| 360,000 | Unlisted Options exercisable at$0.41,expiring17 July2022 |
| 240,000 | Unlisted Options exercisable at$0.35,expiring14 December 2021 |
| 250,000 | Unlisted Options exercisable at$0.34,expiring12 July2022 |
| 100,000 | Unlisted Options exercisable at$0.28,expiring2 July2023 |
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CONTACTS: Investors & Media: Luke Murphy, Chief Financial Officer +61 409 933 924
About ReadCloud Limited
ReadCloud is the leading provider of eLearning software solutions, including eBooks, to Schools and the Vocational Education and Training (VET) sector in Australia. ReadCloud’s proprietary eBook platform delivers digital content to students and teachers with extensive functionality, including the ability to make commentary in, and import third party content into eBooks.
Students and teachers can share notes, questions, videos and weblinks directly inside the eBooks turning the eBook into a place for discussion, collaboration and social learning, substantially improving learning outcomes.
ReadCloud sources content for its solutions from multiple publishers, delivering the full Australian school curriculum in digital form in all States, on one platform. In the Vocational Education and Training (VET) sector, ReadCloud provides over 40 digital VET courses and auspicing services to schools across Australia.
ReadCloud currently has over 120,000 users on its platform.
This announcement is authorised for release to the market by the Board of Directors of ReadCloud Limited.
Readcloud Limited | 284 Bay Street, Brighton, Victoria, 3186 P +61 3 9078 4833 | W www.readcloud.com ABN 44 136 815 891