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USCOM LIMITED — Capital/Financing Update 2024
Feb 29, 2024
65979_rns_2024-02-29_0008379d-3c3a-4c62-9c33-56e16ec6e8f1.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
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1 March 2024
RESULTS OF NON-RENOUNCEABLE RIGHTS ISSUE OFFER
Uscom Limited is pleased to announce that its Non-Renounceable Rights Issue ( Rights Issue ) has closed raising a total of $1,304,306.57. CBL has received valid entitlement applications for new shares as follows:
| applications for new shares as | follows: | |
|---|---|---|
| Number of Shares | Amount | |
| Entitlements taken up | 34,446,186 | $1,274,508.88 |
| Additional subscriptions | 805,343 | $29,797.69 |
| Total | 35,251,529 | $1,304,306.57 |
The number of shares on issue in UCM at the completion of the Rights Issue is as follows:
| Number of shares | |
|---|---|
| Existing shares on issue at time of offer | 190,533,556 |
| New shares | 35,251,529 |
| Total shares on issue | 225,785,085 |
The Executive Chairman, Rob Phillips, said the following about the Rights Issue:
“We are grateful for shareholder support as we continue to grow Uscom. The addition of this capital provides us with headroom as we expand our existing operations.”
The Rights Issue was underwritten to the extent of $2 million. A total of approximately 18,802,525 additional shares will be issued to the underwriter on receipt of the underwritten amount.
This announcement is authorised by UCM’s Executive Chairman, Rob Phillips.
Uscom Limited (ABN 35 091 028 090) Suite 2, Level 8, 66-74 Clarence Street, Sydney NSW 2000 T +612 9247 4144 F +612 9247 8157 www.uscom.com.au