Verbrec Evolution Engineered
Capital Raising Overview
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Offer Size and
Structure
Fully underwritten institutional placement of approximately 16.7 million shares to raise approximately $3.0 million ("Placement")
The Placement is within Verbrec's current placement capacity under ASX Listing Rule 7.1 and 7.1A
New shares issued via the Placement represent approximately 8.3% of the total shares of the Company prior to the issue of New Shares
Issue price of $0.18 per share, representing:
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5.3% discount to the last traded price ($0.1900)
Offer Pricing
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6.8% discount to the previous 5 day VWAP ($0.1932)
9.2% discount to the previous 10 day VWAP ($0.1982)
9.4% discount to the previous 30 day VWAP ($0.1986)
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Fund initial working capital requirement associated with the SITE asset acquisition;
Use of Funds
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Further costs associated with the commercialisation of StacksOn; and
Corporate costs of the Offer
Ranking
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New shares issued under the Placement will rank equally with existing Verbrec shares on issue from the date of issue
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evolution engineered
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