Latest Breaking News On - Ncludinga 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 growth - Page 1 : comparemela.com
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 Placement is subject to shareholder approval under ASX Listing Rule 7.1 and 10.11 with a shareholder Extraordinary General Meeting ("EGM") planned for May 2023 with settlement to follow shortly thereafter Fully underwritten by Morgans Corporate Limited, with Gilbert + Tobin acting as legal adviser A non-underwritten Share Purchase Plan ("SPP") for up to $5m at $0.08 per share is