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WISR LIMITED — Capital/Financing Update 2016
Jul 10, 2016
66093_rns_2016-07-10_6ec159ab-24c5-487d-89fc-a1a224227324.pdf
Capital/Financing Update
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ASX/MEDIA RELEASE
Sydney, 11 July 2016
NOTICE OF DISPATCH OF RIGHTS ISSUE OFFER DOCUMENT
DirectMoney Limited (ASX: DM1) refers to its announcement on 1 July 2016 in relation to a pro-rata nonrenounceable rights issue to raise up to $5.7m (the Offer). The Company confirms that the Offer Document was mailed to eligible shareholders today together with personalised Entitlement and Acceptance Forms.
Under the Offer, eligible Shareholders with a registered address in Australia, New Zealand and the United Kingdom will be entitled to subscribe for 1 new fully paid ordinary share for every 2 shares held at the record date at an issue price of $0.042 (4.2 cents) each. The Offer is fully underwritten by Bell Potter Securities Limited and sub-underwritten by one of the Company’s major shareholders, Adcock Private Equity Pty Ltd, as detailed in the Offer Document lodged with ASX on 1 July 2016.
As detailed in the indicative timetable included in the Offer Document, the closing date for the receipt of applications under the Offer is 22 July 2016.
-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.