Latest Breaking News On - Nd in turn remove the associated concerns that contributed to significant downward pressure on our share price recently this repayment will also support focus increasing profitability through circa 7m annualised savings quot raise further strengthen balance sheet and unrestricted cash measured growth pursuit of opportunities ahead us quoti am very proud business team 39s ability execute successfully strategy combat challenging times for sector we have proven an grow - 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