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SEQUOIA FINANCIAL GROUP LTD — Capital/Financing Update 2014
Jun 9, 2014
65767_rns_2014-06-09_f0b1d010-7845-41d1-9f06-7970a799e93b.pdf
Capital/Financing Update
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10 June 2014
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ASX Announcement & Media Release
MDS Financial Group Limited
MDS Financial Group Limited - Rights Issue
ACN 091 744 884
Level 37
Rialto South Tower 525 Collins Street Melbourne VIC 3000
T: +61 3 9617 0600 F: +61 3 9617 0699 asx@mdsfi nancial.com.au
ASX Code: MWS
Directors
Peter Stirling
Chairman and Non-Executive Director
Richard Symon
Executive Director
Jamie Khoo
MDS Financial Group Limited announces it will be conducting a non-renounceable pro-rata rights issue at an issue price of $0.002 for each new ordinary share on the basis of one new share for every one share held on the record date, to raise up to the sum of $1.030 million. The company will issue a maximum of 515,083,001 new shares, giving a new total of 1,030,166,002 of shares on issue. It is noted that shareholder approval is not required for the rights issue to proceed.
The timetable for the offer is as follows:
| EVENT | DATE |
|---|---|
| Announcement of Of er | Tuesday 10 June 2014 |
| Lodgment of Appendix 3B, Of er Document and Cleansing Notice with ASX | Wednesday 11 June 2014 |
| Despatch of notices to Shareholders informing them of the Of er | Thursday 12 June 2014 |
| Shares quoted on ex-entitlement basis | Friday 13 June 2014 |
| Record Date for determining Entitlements | 7pm, Tuesday 17 June 2014 |
| Of er opens - despatch of Of er Document and Entitlement and Acceptance Form | Wednesday 18 June 2014 |
| Of er Closing Date | 5pm, Friday 27 June 2014 |
| Shares quoted on deferred settlement basis | Monday 30 June 2014 |
| Company notif es the ASX of under-subscriptions | Tuesday 1 July 2014 |
| Despatch of holding statements and allotment and issue of New Shares | Friday 4 July 2014 |
Independent Non-Executive Director
This Timetable is indicative only and subject to change. The Directors reserve the right to vary these dates, including the Closing Date without prior notice, subject to the Listing Rules. Any extension of the Closing Date will have a consequential effect on the anticipated date for allotment and issue of the New Shares.
Secretariat
Andrew Phillips
Company Secretary
The Directors also reserve the right not to proceed with the whole or part of the Offer any time prior to allotment and issue of the New Shares. In that event, any payments received for Applications will be returned in full without interest. It is also noted that the Directors have up to 90 days from the Closing Date to place any non-allocated rights to third parties.
515.1 million listed shares
The purpose of the issue is to provide the company with additional working capital and balance sheet strength to pursue organic growth opportunities.
Yours faithfully
Andrew Phillips Company Secretary
END
ABOUT MDS FINANCIAL GROUP
MDS Financial Group is a full-service corporate advisory and capital markets specialist with clients in Australia and the Asia-Pacifi c region. The Company is listed on the Australian Securities Exchange Ltd (ASX), and has three licensed subsidiaries. One of its licensed subsidiaries is an ASX market participant, with institutional and third-party wholesale brokerage facilities underpinned by substantial retail online trading and market data services.
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