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VINYL GROUP LTD — Capital/Financing Update 2013
Aug 7, 2013
66014_rns_2013-08-07_2f5c03a5-c2b2-4135-ab7c-29e492d09059.pdf
Capital/Financing Update
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8 August 2013
ASX LIMITED ASX CODE- MBO
Entitlement Offer- Notice to Eligible and Ineligible Shareholders
Attached are copies of letters today sent to eligible and ineligible shareholders of Mobilarm Limited in relation to the Entitlement Offer announced on 6 August 2013.
‐Ends‐
Further details
Ken Gaunt Chief Executive Officer
Email: [email protected] Tel.: +61 417 961 770 Tel.: +44 782 731 4442 www.mobilarm.com
TEL. +61 8 9315 3511 MOBILARM LIMITED (ABN 15 106 513 580) FAX. +61 8 9315 3611 WWW.MOBILARM.COM [email protected]
38 GUTHRIE STREET PO BOX 1837 OSBORNE PARK 6916 WESTERN AUSTRALIA
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8 August 2013
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Dear Shareholder
Mobilarm Limited – Non-renounceable pro rata entitlement offer
As announced on 6 August 2013, Mobilarm Limited (Mobilarm) is undertaking a pro rata nonrenounceable entitlement offer of new ordinary shares in Mobilarm (New Shares) to raise up to $1,711,775 (before costs and subject to rounding) (Entitlement Offer). The Entitlement Offer is being made on the basis 1 New Share for every 7 Mobilarm shares held at 5.00pm (AWST) on 26 August 2013 (the Record Date) at an offer price of A$0.04 per New Share. The Entitlement Offer is conditionally partially underwritten to the value of $ 1,300,000 by Truestone Capital Limited.
The net proceeds of the Entitlement Offer will be used to provide capital for an inventory build to commence a rental program using the Company’s products and for general working capital purposes.
Overview of Entitlement Offer
The Entitlement Offer is being made to all Mobilarm shareholders who are a registered holder of Mobilarm’s shares and have a registered address on the Mobilarm securities register in Australia or New Zealand as at the Record Date (Eligible Shareholders). Shareholders not satisfying these criteria will not be eligible to participate in the Entitlement Offer.
New Shares issued under the Entitlement Offer will rank equally with all ordinary shares already on issue. Under the Entitlement Offer, Mobilarm will issue up to a maximum of approximately 42,794,383 New Shares (subject to rounding), resulting in total Mobilarm ordinary shares on issue after completion of the Entitlement Offer of up to approximately 342,355,064 (subject to rounding).
For the purposes of calculating each Eligible Shareholder’s entitlements, fractional entitlements to New Shares will be rounded up to the nearest whole number of shares.
Offer documents
An ASX announcement detailing the Entitlement Offer was released on ASX on 6 August 2013 and an offer booklet was released on 6 August 2013 (Offer Documentation). A copy of the ASX announcement is available on Mobilarm’s website (www.mobilarm.com) and on ASX’s website (www.asx.com.au). Eligible Shareholders will be mailed a copy of the Offer Documentation together with an entitlement and acceptance form on or before 28 August 2013.
It is important that Eligible Shareholders read the Offer Documentation carefully before deciding whether to invest and, if in any doubt as to how to proceed, consult with their professional advisers. If Eligible Shareholders wish to participate, they should follow the directions in the Offer Documentation for the action required of Eligible Shareholders.
TEL. +61 8 9315 3511 MOBILARM LIMITED (ABN 15 106 513 580) FAX. +61 8 9315 3611 38 GUTHRIE STREET PO BOX 1837 OSBORNE PARK 6916 WESTERN AUSTRALIA WWW.MOBILARM.COM [email protected]
Key dates for the Entitlement Offer
| Event | Date (2013) |
|---|---|
| Shareholders trade on ‘ex’ entitlement basis | 20 August |
| Record date for determining entitlements to participate in | 26 August |
| Entitlement Offer 5.00pm (AWST). | |
| Completion of dispatch of offer documentation and | 28 August |
| entitlement and acceptance form to shareholders | |
| Opening date | 28 August |
| Closing date for acceptance and payment. | 11 September |
| 5.00 pm (AWST). | |
| New Shares trade on a deferred settlement basis | 12 September |
| Notification of under subscriptions | 12 September |
| Allotment of New Shares and issue of | 19 September |
| holding statements to shareholders | |
| Normal trading for New Shares commences | 20 September |
Note that all dates are indicative only. Mobilarm reserves the right to change these dates subject to the Corporations Act 2001 (Cth) and ASX Listing Rules. All times are Australian Western Standard Time unless otherwise indicated.
Yours faithfully
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David McArthur Company Secretary
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8 August 2013
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Dear Shareholder
Letter to Ineligible Shareholders – Non-renounceable Entitlement Offer
On 6 August 2013, Mobilarm Limited ( Mobilarm ) announced that it is undertaking a pro rata nonrenounceable entitlement offer of new ordinary shares in Mobilarm ( New Shares ) to raise up to approximately $1,711,775 (before costs, and subject to rounding) ( Entitlement Offer ). The Entitlement Offer is being made on the basis of 1 New Share for every 7 Mobilarm shares held at 5.00pm (AWST) on 26 August 2013 (the Record Date ) at an offer price of A$0.04 per New Share.
The Entitlement Offer is only available to Eligible Shareholders, which are those persons who:
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are a registered holder of Mobilarm’s shares as at the Record Date;
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have a registered address on the Mobilarm securities register in Australia or
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New Zealand as at the Record Date;
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are not in the United States and not “U.S Persons” (as defined in Regulation
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S under the United States Securities Act of 1933) ( U.S. Persons ) or acting for the account or benefit of U.S. Persons; and
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are eligible or permitted under any applicable securities law to receive an
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offer under the Entitlement Offer.
As you do not satisfy the criteria stated above, you are deemed not to be an Eligible Shareholder for the purposes of the Entitlement Offer and Mobilarm is unfortunately unable to extend to you the opportunity to participate in the Entitlement Offer. You are not required to do anything in response to this letter.
- If you have any queries, please contact the Company Secretary on 61 8 94233200.
Yours faithfully
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David McArthur Company Secretary
TEL. +61 8 9315 3511 MOBILARM LIMITED (ABN 15 106 513 580) FAX. +61 8 9315 3611 38 GUTHRIE STREET PO BOX 1837 OSBORNE PARK 6916 WESTERN AUSTRALIA WWW.MOBILARM.COM [email protected]