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VINYL GROUP LTD — Capital/Financing Update 2015
Sep 23, 2015
66014_rns_2015-09-23_1b0a8dad-62fb-4e06-a4e5-afc18b21e2a6.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT ASX CODE: MBO AND MEDIA RELEASE
Date: 24 September 2015
UNDERWRITTEN RIGHTS ISSUE‐ SHORTFALL
On 1 September 2015 Mobilarm Limited announced a pro rata non renounceable Rights Issue for eligible shareholders to subscribe for two (2) new fully paid ordinary shares for every five (5) fully paid ordinary shares held on 8 September 2015, at a price of $0.007 per share. The Rights Issue will result in the issue of 140,034,167 new ordinary shares in the Company, raising $980,239 before costs.
The Rights Issue is fully underwritten by Gleneagle Securities (Aust) Pty Limited. (Underwriter)
The terms of the Rights Offer, and underwriting, were included in a prospectus dated 1 September 2015 (“Prospectus”). Capitalized terms below, have the definition used in the Prospectus
Mobilarm advises that at the close of the Rights Issue on 22 September 2015 eligible shareholders had applied for 60,143,831 shares in the company, comprising their entitlements under the offer. Application moneys of $421,007.10 have been received.
The shortfall in relation to the Rights Issue is 79,890,312 shares ($559,231.90). Notice of this shortfall has been sent to the Underwriter.
As per the Prospectus, the Company has agreed with the Underwriter that the first 85,000,000 shares will be allocated to the Priority Sub Underwriter. Accordingly, the Company expects that the entire shortfall of 79,890,312 shares will be subscribed for by the Priority Sub‐underwriter. Settlement of the shortfall is expected to be on or before 29 September 2015.
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Further details
Ken Gaunt Chief Executive Officer
Email: [email protected] Tel.: +61 (0)417 961 770 Tel.: +44 (0) 7827 314 442 www.mobilarm.com
TEL. +61 8 9315 3511 MOBILARM LIMITED (ABN 15 106 513 580) FAX. +61 8 9315 3611 2/33 ROBERTS STREET PO BOX 1837 OSBORNE PARK 6916 WESTERN AUSTRALIA WWW.MOBILARM.COM [email protected]