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Slovar Limited — Capital/Financing Update 2020
Dec 6, 2020
17773_rns_2020-12-06_78adff75-f8f4-4e9d-9c66-461f57f613ea.pdf
Capital/Financing Update
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Proposed issue of securities
Announcement Summary
Entity name
MONEY3 CORPORATION LIMITED
Announcement Type
New announcement
Date of this announcement
Monday December 7, 2020
The Proposed issue is:
☑ An offer of securities under a securities purchase plan
Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan
| ASX +security code | +Security description | Maximum Number of +securities to be issued |
|---|---|---|
| MNY | ORDINARY FULLY PAID | 2,592,593 |
+Record date
Friday December 4, 2020
Offer closing date
Monday January 11, 2021
+Issue date
Wednesday January 20, 2021
Refer to next page for full details of the announcement
Proposed issue of securities
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Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
MONEY3 CORPORATION LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
1.2 Registered Number Type
ABN
Registration Number
63117296143
1.3 ASX issuer code
MNY
1.4 The announcement is
☑ New announcement
1.5 Date of this announcement
Monday December 7, 2020
1.6 The Proposed issue is:
☑ An offer of +securities under a +securities purchase plan
Proposed issue of securities
Proposed issue of securities
Part 4 - Details of proposed offer under securities purchase plan
Part 4A - Conditions
4A.1 - Are any of the following approvals required for the offer of +securities under the +securities purchase plan issue to be unconditional?
- +Security holder approval
- Court approval
- Lodgement of court order with +ASIC
- ACCC approval
- FIRB approval
- Another approval/condition external to the entity
☑ No
Part 4B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued
ASX +security code and description
MNY : ORDINARY FULLY PAID
Will the proposed issue of this
+security include an offer of
attaching +securities?
☑ No
Details of +securities proposed to be issued
ASX +security code and description
MNY : ORDINARY FULLY PAID
Maximum total number of those +securities that could be issued
if all offers under the +securities purchase plan are accepted
2,592,593
Will the offer be conditional on applications for a minimum
number of +securities being received or a minimum amount
being raised (i.e. a minimum subscription condition)?
☑ No
Will the offer be conditional on applications for a maximum
number of +securities being received or a maximum amount
being raised (i.e. a maximum subscription condition)?
☑ No
Proposed issue of securities
Proposed issue of securities
Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?
☑ Yes
Is the minimum acceptance unit based or dollar based?
☑ Unit based
Please enter the minimum acceptance value
400
Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?
☑ Yes
Is the maximum acceptance unit based or dollar based?
☑ Unit based
Please enter the maximum acceptance value
11,100
Describe all the applicable parcels available for this offer in number of securities or dollar value
Subscription based on Qty: 400;1,850; 3,700; 5,555; 7,400; 11,100
Offer price details
Has the offer price been determined?
☑ Yes
In what currency will the offer be made?
AUD - Australian Dollar
What is the offer price per +security?
AUD 2.70000
Oversubscription & Scale back details
Will a scale back be applied if the offer is over-subscribed?
☑ Yes
Describe the scale back arrangements
Company will pro-rata applications to any extent at its absolute discretion.
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
☑ Yes
Part 4C - Timetable
4C.1 Date of announcement of +security purchase plan
Monday December 7, 2020
Proposed issue of securities
Proposed issue of securities
4C.2 +Record date
Friday December 4, 2020
4C.3 Date on which offer documents will be made available to investors
Tuesday December 15, 2020
4C.4 Offer open date
Tuesday December 15, 2020
4C.5 Offer closing date
Monday January 11, 2021
4C.6 Announcement of results
Thursday January 14, 2021
4C.7 +Issue date
Wednesday January 20, 2021
Part 4D - Listing Rule requirements
4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements?
☑ Yes
Part 4E - Fees and expenses
4E.1 Will there be a lead manager or broker to the proposed offer?
☑ No
4E.2 Is the proposed offer to be underwritten?
☑ No
4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
☑ No
4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer
Legals: $30,000
Proposed issue of securities
Proposed issue of securities
Part 4F - Further Information
4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue
To fund the acquisition of Automotive Financial Services as announced to the market 3 December 2020 and to support growth of the Australian and New Zealand Loan Books.
4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? ☐ No
4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer
All countries outside of Australia and New Zealand.
4F.3 URL on the entity's website where investors can download information about the proposed offer
https://investors.money3.com.au
4F.4 Any other information the entity wishes to provide about the proposed offer
Proposed issue of securities
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