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SAFEROADS HOLDINGS LIMITED — Capital/Financing Update 2023
Dec 20, 2023
65853_rns_2023-12-20_1a4fa5cd-7c3b-4806-baa3-e99d6838518a.pdf
Capital/Financing Update
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21st December 2023
Non-renounceable Entitlement Issue -Notice to Shareholders
Dear Shareholder
Saferoads Holdings Limited (ASX: SRH) are pleased to notify shareholders of a nonrenounceable entitlement issue to eligible shareholders, on the basis of one (1) new fully paid shares for every six (6) existing shares held, at an issue price of $0.07 per share to raise up to $437,054 together with a Shortfall Facility for existing shareholders to take up entitlements not taken up by other shareholders. Should all entitlements be taken up, 43,705,413 shares will be on issue.
The Entitlement Issue will be available to registered shareholders as at 7.00pm (AEDT) on Thursday 28[th] December, 2023. Shares issued pursuant to the Entitlement Issue will rank equally with all shares on issue.
The Entitlement Issue will open on Wednesday 3 January 2024 ( Opening Date ) and eligible shareholders will be able to access the Entitlement Issue Document and personalised Entitlement and Acceptance form via the share registry investor portal: https://investor.automic.com.au/#/home
In accordance with the ASX Listing Rules, Saferoads considered the number of shareholders with registered addresses outside of Australia and New Zealand, together with the size of their shareholding. Taking this into consideration, as well as the costs associated with complying with the regulatory authorities outside of Australia and New Zealand, the Company believes that it is unreasonable to extend the Entitlement Issue to shareholders outside of Australia and New Zealand.
The purpose of this Entitlement Issue is to provide working capital.
The updated proposed timeline for the Entitlement Issue is set out below:
| Announcement of Entitlement Issue and ASX Appendix3B, section 708AA(2)(f) notice with ASX and OfferDocument lodged with ASX | Wednesday 20 December 2023 |
| Notice sent to Eligible Shareholders | Thursday 21 December 2023 |
| Shares quoted on an “ex-Entitlement” basis** | Wednesday 27 December 2023 |
Saferoads Holdings Limited ASX: SRH ABN 81 116 668 538
22 Commercial Drive PO Box 2030 Pakenham VIC 3810 Australia
Telephone: +61 3 5945 6600 Website: www.saferoads.com.au
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----- Start of picture text ----- Record date for determining entitlements of EligibleThursday 28 December 2023Shareholders under the Entitlement IssueEntitlement Issue Document and Wednesday 3 January 2024Entitlement and Acceptance Formsdispatched to ShareholdersOpening date Wednesday 3 January 2024Closing date for acceptances under the EntitlementThursday 25 January 2024IssueExpected commencement of trading on aMonday 29 January 2024deferred settlement basis of New Shares on ASXASX notified of under subscriptions Friday 2 February 2024New shares are issued, Shareholder holding Friday 2 February 2024statements dispatched and deferredsettlement trading endsNormal trading of new shares commences Monday 5 February 2024----- End of picture text -----
The timetable is indicative only and may be subject to change.
Saferoads Holdings Limited ASX: SRH ABN 81 116 668 538
22 Commercial Drive PO Box 2030 Pakenham VIC 3810 Australia
Telephone: +61 3 5945 6600 Website: www.saferoads.com.au
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Saferoads encourages all shareholders to carefully assess the accompanying Offer Document and to consider fully supporting the offer by taking up all of your entitlements.
Yours sincerely,
David Ashmore Saferoads Chairman
This announcement has been authorised for release by the Board.
Enquiries/Additional Information:
David Ashmore, Chairman Ph: 0418 155 500 Email: [email protected]
ABOUT SAFEROADS
Saferoads is an ASX listed company specialising in providing innovative safety solutions. Headquartered in Pakenham, Victoria with representation across Australia, New Zealand and the USA, the company provides state government departments, local councils, road construction companies and equipment hire companies with a broad range of products and services designed to direct, protect, inform and illuminate for the public’s safety.
Saferoads Holdings Limited ASX: SRH ABN 81 116 668 538
22 Commercial Drive PO Box 2030 Pakenham VIC 3810 Australia
Telephone: +61 3 5945 6600 Website: www.saferoads.com.au