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SSH GROUP LTD Regulatory Filings 2021
65863_rns_2021-09-14_8198b518-42d4-4b39-ab97-6e6c4de5d490.pdf
Regulatory Filings
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15/09/2021
ASX SSH
SSH Group Ltd ACN 140 110 130
Level 1, 89 St Georges Tce, Perth, WA 6000
Statement of Commitments
SSH Group Limited (ACN 140 110 130) (Company) intends to apply the funds raised from the Public Offer, together with existing cash reserves over the 24 months following completion of the Offers as follows:
| Source of Funds | \$ | |
|---|---|---|
| Company Cash Balance (31 December 2020) | 139,000 | |
| Seed Raising (February 2021) | 305,000 | |
| Public Offer (Minimum Subscription) | 6,250,000 | |
| TOTAL Funds Available | 6,694,000 | |
| Use of Funds | Year 1 \$ |
Year 2 \$ |
| Site Services Holdings Group Operational Expenditure |
||
| Retire extended short-term payables $^{(1)}$ | 1,105,000 | |
| Reduce short-term debt (2) | 645,000 | |
| Capital equipment purchases | 500,000 | 2,000,000 |
| Site Services Holdings Group Operational |
||
| Expenditure Sub-Total |
2,250,000 | 2,000,000 |
| Corporate and administration costs | ||
| Costs of the Offers and Acquisition | 637,414 | |
| Working capital | 903,293 | 903,293 |
| TOTAL Funds Allocated | 3,790,707 | 2,903,293 |
