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SMART PARKING LIMITED — Capital/Financing Update 2016
Dec 15, 2016
65850_rns_2016-12-15_21918f75-15d3-45fb-b1b5-d5846ce55fdf.pdf
Capital/Financing Update
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16 December 2016
ASX Market Announcements Platform ASX ANNOUNCEMENT Smart Parking Limited (ASX: SPZ)
Successful completion of Retail Entitlement Offer
Attached is an announcement by Smart Parking Limited in relation to the successful completion of the retail component of the pro-rata accelerated non-renounceable entitlement offer as announced on ASX on 23 November 2016.
The World’s Smartest Parking Tools Australia 854 Lorimer Street Port Melbourne Victoria 3207 Australia New Zealand 583 Great South Road PO Box 12584 Penrose Auckland 1642 New Zealand Tel: +64 7823 2090
Yours sincerely
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Richard Ludbrook
Company Secretary
www.smartparking.com [email protected] ASX: SPZ
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ASX Compliance Pty Ltd Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000
ASX RELEASE
The World’s Smartest Parking Tools
Australia 854 Lorimer Street Port Melbourne Victoria 3207 Australia
16 December 2016
Successful completion of Retail Entitlement Offer
Smart Parking Limited (ASX: SPZ) is pleased to announce the successful completion of the retail component ( Retail Entitlement Offer ) of its fully underwritten 1 for 7 accelerated pro-rata non-renounceable entitlement offer ( Entitlement Offer ) of new fully paid ordinary shares ( Shares ) as announced on 23 November 2016.
The Retail Entitlement Offer closed at 5pm (AEDT) on Tuesday, 13 December 2016.
Eligible retail shareholders subscribed for 13,617,267 new Shares (A$2.7m) under their pro-rata entitlements (representing 74% of new Shares offered under the Retail Entitlement Offer).
Entitlements not taken up by eligible retail shareholders by the close of the Retail Entitlement Offer and entitlements which would otherwise have been offered to ineligible retail shareholders were offered through a retail shortfall facility.
New Zealand 583 Great South Road PO Box 12584 Penrose Auckland 1642 New Zealand Tel: +64 7823 2090
[email protected] ASX: SPZ
There was a shortfall of 4,690,228 shares ( Shortfall Shares ) between the number of shares subscribed for by eligible retail shareholders on a pro rata basis and the number of shares offered under the Retail Entitlement Offer.
The Shortfall Shares have been allocated in accordance with the rules set out in the Retail Booklet.
On settlement, the Retail Entitlement Offer will raise proceeds of A$3.6m at an issue price of A$0.20 per Share, which results in 18,307,495 new Shares being issued.
Total proceeds from the Entitlement Offer are $8.4m.
Settlement of the new Shares issued under the Retail Entitlement Offer is scheduled for Monday, 19 December 2016. Allotment of these Shares
3471-3214-2596, v. 1
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is expected to occur on Tuesday, 20 December 2016 and trading on ASX is expected to commence on Wednesday, 21 December 2016.
Yours sincerely
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Richard Ludbrook Company Secretary
The World’s Smartest Parking Tools
Australia
854 Lorimer Street Port Melbourne Victoria 3207 Australia
New Zealand
583 Great South Road PO Box 12584 Penrose Auckland 1642
New Zealand Tel: +64 7823 2090
ASX: SPZ
3471-3214-2596, v. 1