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MONEYME Announces Capital Raise and Trading Update - Vimarsana News

MONEYME Announces Capital Raise and Trading Update

SYDNEY, March 30, 2023 /PRNewswire/ --MONEYME Limited (ASX:MME) ("MONEYME" or "Group") is pleased to announce the successful launch of a fully underwritten $37m Conditional Equity Placement. Placement Overview A $37m fully underwritten share placement ("Placement") at $0.08 per share, issuing approximately 462.5m new fully paid ordinary shares ("New Shares") Issue price of $0.08 per share represents a 24% discount to the last traded price on 20 March 2023 of $0.105 The majority of the capital has been committed by existing and long-term shareholders The ...

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New South WalesClayton HowesDisclosure CommitteeSomers LimitedResimac GroupThorn GroupMorgans CorporateGroup Investor PresentationConditional EquityExtraordinary General MeetingMorgans Corporate LimitedShare Purchase PlanResimac Group LimitedThorn Group LimitedInvestor PresentationMarch 30023 Prnewswire Moneyme Limited Asx Mme Quot Or Group Is Pleased To Announce The Successful Launch Ofa Fully Underwritten 37m Conditional Equity Placement Overviewa Share At 0 08 PerSsuing Approximately 462 5m New Fully Paid Ordinary Shares Quot Issue Price Of 0 08 Per Share Representsa 24 Discount To The Last Traded On 20 March 2023 105 Majority Capital Has Been Committed By Existing And Long Term Shareholders Placement Is Subject Shareholder Approval Under Asx Listing Rule 7 1 10 11 Witha Extraordinary General Meeting Egm Planned For May With Settlement Follow Shortly Thereafter Underwritten Morgans Corporate LimitedIth Gilbert Tobin Acting As Legal Advisera Non Underwritten Share Purchase Plan Quot Spp For Up To 5m At 0 08 Per Is Intended Follow The Successful Completion Of Placement Will Also Be Subject Shareholder Approval Under Asx Listing Rule 7 1 Proceeds From Used Pay Down 32m Group 39s Corporate Debt Facility Full Repayment Short Term Societyone Acquisition Component Improved Commercial Terms On Remaining 50mNcludinga 200 Bps Reduction In Annualised Interest Costs Driving Cost Savings Of Circa 7m Pa And The Potential For Further Relaxed Covenant Settings Remaining Balance Due November 2025 Additional Cash 3m To Support Sheet GrowthIth Ongoing Focus On Higher Credit Quality Borrowers Transaction Costs Of 2m Investor Participation In Fully Underwritten Placement Moneyme Has Receiveda Significant Level Commitment The From Existing InvestorsNcluding From Somers Limiteda Substantial Shareholder In Resimac Group Limited And Thorn Perennial Value The Planned Spp Is To Be Offered Existing Eligible Shareholders For Opportunity Apply Up 30000 Of Fully Paid Shares The Spp Will Be Subject To Shareholder Approval Under Asx Listing Rule 7 1 Including Accrued Interest And Fees Projected Due 30 June 2023 Clayton HowesOneyme 39s Managing Director And Ceo Said Quot We Are Pleased To Announce That Moneyme Has Secured 37 Million Ina Fully Underwritten Institutional Equity Placement Plans Offer Retail Investorsa 5 Share Purchase Plan On The Same Terms Support From New Existing Investors Despite Extremely Tight Capital Markets Underpins Their Confidence In Our Profitable Business ModelNique Tech Driven Advantages
Investegate |Eight Capital Ptnrs. Announcements | Eight Capital Ptnrs.: Issue of Listed Bonds & Balance Sheet Update - Vimarsana News

Investegate |Eight Capital Ptnrs. Announcements | Eight Capital Ptnrs.: Issue of Listed Bonds & Balance Sheet Update

Investegate announcements from Eight Capital Ptnrs., Issue of Listed Bonds & Balance Sheet Update