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SEQUOIA FINANCIAL GROUP LTD — Capital/Financing Update 2017
Sep 7, 2017
65767_rns_2017-09-07_82a167d5-2bc4-424b-97f9-a14338117322.pdf
Capital/Financing Update
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----- Start of picture text ----- Sequoia Financial Group LtdACN: 091 744 884ASX: SEQ----- End of picture text -----
8 September 2017
Disclosure Under Listing Rules 3.10.5A and 7.1A.4(b)
Sequoia Financial Group Ltd (ASX:SEQ) (the Company ) by Appendix 3B lodged on 4 September 2017 (as corrected) announced the issue of 3,394,750 to professional and sophisticated investors.
In accordance with Listing Rules 3.10.5A and 7.1A.4(b), the Company makes the following disclosures:
- a) The dilutive effect of the offer on existing shareholders of the Company is as follows:
| Shares on issue | Dilution | |
|---|---|---|
| Fully paid ordinary shares on issue pre-placement | 48,798,775 | |
| Securities issued under LR 7.1 | Nil. | |
| Securities issued under LR 7.1A | 3,394,750 | 6.5% |
| Total securities on issue post issue | 52,193,525 | - |
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b) The Company issued shares as a placement to sophisticated and professional investors as it considered this the most efficient way of raising money to maintain working capital and fund future strategic investments.
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c) The placement was not underwritten.
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d) Total fees and costs incurred in connection with the placement are estimated at $32,700.
For further information please contact:
Scott Beeton, Managing Director & CEO +61 2 8114 2222 Tharun Kuppanda, Company Secretary +61 2 8016 2875
ABOUT SEQUOIA FINANCIAL GROUP LIMITED
Registered Office: Level 36, 50 Bridge St Sydney NSW 2000 Australia
ASX-listed Sequoia Financial Group Limited (ASX: SEQ) is an integrated financial services company providing products and services to self-directed retail and wholesale clients and those of third party professional service firms.
It provides:
- Investment and superannuation products
Phone: +61 2 8114 2222 Fax: +61 2 8114 2200 Email: [email protected] Website: www.sequoia.com.au
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Wealth management and advisory services
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Corporate advisory and capital markets expertise
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Retail, wholesale and institutional trading platforms
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Market data and financial news services
Sequoia operates various AFS Licenses and its subsidiary D2MX Pty Ltd is an ASX Market Participant