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Slovar Limited Capital/Financing Update 2016

Jun 28, 2016

17773_rns_2016-06-28_c39ecb55-ce0c-4d93-ac8b-aa84792223a6.pdf

Capital/Financing Update

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money3

29 June 2016

ASX Release

ADJUSTMENT TO MONEY3 OPTIONS EXERCISE PRICE

Money3 Corporation Limited (“Money3”) (ASX:MNY) advises that, in respect of the Non-Renounceable Rights Issue that concluded on 18 December 2015, in accordance with Listing Rule 6.22.2, the exercise price of the Money3 Options (ASX: MNYO) will be reduced from $1.30 according to the following formula:

$$
O' = O - \frac{E[P - (S + D)]}{N + 1}
$$

Where

  • O' = the new exercise price of the option
  • O = the old exercise price of the option
  • E = the number of underlying securities into which one option is Exercisable
  • P = the average market Price per security (weighted by reference to volume) of the underlying securities during the 5 trading days ending on the day before the ex-rights date or ex entitlements date
  • S = the Subscription price for a security under the pro rata issue
  • D = the Dividend due but not yet paid on the existing underlying securities
  • N = the Number of securities with rights or entitlements that must be held to receive a right to one new security

The new exercise price of the Options is $1.296056 calculated as follows:

$$
O' = \$1.30 - \frac{1[\$0.9855 - (\$0.95 + 0)]}{8 + 1}
$$

$$
O' = \$1.296056
$$

There is no change in the number of shares to which the option holder is entitled.

-ENDS-

For further information please contact:

Mr Scott Baldwin

Managing Director

Telephone: +61 3 9093 8255

Money3 Corporation Limited

ABN 63 117 296 143

Australian Credit Licence

389 782

Level 1, 40 Graduate Road

Bundoora, Vic, 3083

T 61 3 9093 8255

F 61 3 9093 8227

[email protected]

www.money3.com.au