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WISR LIMITED — Capital/Financing Update 2016
Aug 1, 2016
66093_rns_2016-08-01_c8d4e921-8587-4459-b631-fbcbfd4dccc7.pdf
Capital/Financing Update
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ASX/MEDIA RELEASE
Sydney, 2 August 2016
NON-RENOUNCEABLE RIGHTS ISSUE
DirectMoney Limited (ASX: DM1) ( Company ) advises that its underwritten non-renounceable rights issue (the Offer ) announced on 1 July 2016 closed on Wednesday 27 July 2016.
The Company gives notice that it received valid applications under the Offer for 35,939,209 New Shares from shareholders, leaving a shortfall of 99,837,944 shares.
Pursuant to the Underwriting Agreement between the Company and Bell Potter Securities Limited, this shortfall will be placed by Bell Potter and the sub-underwriter Adcock Private Equity.
In accordance with the revised timetable for the Offer announced on 15 July 2016, the allotment and issue of New Shares is expected to take place on Thursday 4 August 2016. Holding statements in respect of the New Shares are expected to be dispatched to shareholders on 5 August 2016, and normal trading will commence on the same day.
Shares issued pursuant to the Underwriting Agreement will be issued within 15 business days after the Offer Closing Date.
-ENDS-
For further information please contact:
Peter Beaumont Chief Executive Officer, DirectMoney Limited +612 9252 2888 [email protected]
About DirectMoney Limited
DirectMoney is a pioneer in the rapidly growing Australian marketplace lending industry. DirectMoney connects borrowers and investors by leveraging technology and partnerships. We offer competitive interest rates and terms on personal loans for borrowers and provide innovative structures for retail and institutional investors to invest in these loans. We strive to deliver Australians better financial choice and improved investment outcomes.