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VINYL GROUP LTD — Capital/Financing Update 2011
Jul 24, 2011
66014_rns_2011-07-24_22c06276-1dab-446f-8a4d-0c5c71ff327e.pdf
Capital/Financing Update
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ASX CODE: MBO
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For immediate release
Date: 25 July 2011
- COMPLETION OF ENTITLEMENTS ISSUE ISSUE OF SHORTFALL SHARES
On 6 May 2011 Mobilarm advised that an Entitlements Issue had closed with a shortfall of 36,308,406 shares.
Mobilarm is pleased to advise that this shortfall has been placed in full. The shares were placed pursuant to the provisions of Rule 7.2 of the ASX Listing Rules.
Receipt of the shortfall funds will provide working capital for the company following the recent successful completion of the acquisition of UK based Marine Rescue Technologies.
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Further details:
Lindsay Lyon Lorraine Hammacott Chief Executive Officer Communications Manager Email [email protected] Email [email protected] Tel. +61 (0)409 531 738 Tel. +61 (0)8 9315 3511 www.mobilarm.com www.mobilarm.com
About Mobilarm Ltd:
Headquartered in Perth, Western Australia, Mobilarm (ASX: MBO) is one of the world’s leading brands in the rapidly growing man overboard product category. The Company’s marine safety equipment solutions remove risk from the workplace in the offshore oil and gas, defence and commercial marine industries, where regulatory compliance, Occupational Health & Safety and Director’s Liability are the major drivers for improved employee safety and Duty of Care.
Mobilarm owns patent pending technology that protects and saves lives in the marine workplace and enables every maritime vessel to become a marine Search and Rescue asset.
The Company’s Australian-designed emergency locator beacons and crew monitoring alarm systems for use aboard vessels and other marine facilities generate automatic and immediate alerts in emergencies involving personnel, integrate with GPS and onboard navigation systems and provide in-water tracking of man overboard casualties in the water.
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Mobilarm has received enviable recognition for its products and design, winning two Seatrade awards for Safety, two Australian Design Awards and the Western Australia Worksafe Award.
Interviews with the CEO and further company information are available from the Mobilarm website: www.mobilarm.com/page/media_centre.html.
MOBILARM PRESS RELEASE
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