Placement - additional information perLR 3.10.5A
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
22 April 2015
INVION – ADDITIONAL PLACEMENT DETAILS
Invion Limited (ASX:IVX) today announced completion of the issue of 52,458,650 fully paid ordinary
shares with sophisticated and professional investors at $0.025 per share raising $1.3 million before costs
of the issue.
In accordance with Listing Rule 3.10.5A, Invion advises as follows in relation to the placement:
a.
The dilution to existing shareholders, including participants of the entitlement offer, as a result of
the placement under Listing Rule 7.1A is 7%. Further details of the approximate percentage of
the issued capital post the Listing Rule 7.1A placement held by the pre-placement security
holders and new security holders are as follows:
Pre-placement security holders who did not
98.67%
participate in the placement
Pre-placement
security
holders
who
did
1.33%
participate in the placement
Participants in the placement who were not
35
previously security holders
b.
On 22 April 2015, Invion announced the completion of a fully subscribed Rights Issue Entitlement
Offer with demand being greater than the 163,213,389 shares available under the Entitlement
Offer. Placement shares were issued to sophisticated and professional investors to partially
satisfy the strong demand and reduce the amount of scale-back required for the Entitlement
Offer Top-Up Facility.
c.
No underwriting agreements were in place for the Placement.
d.
The lead managers, Morgans Limited and Patersons Securities Limited, are entitled to a selling
fee of 5% of the gross proceeds raised under the placement.
For and on behalf of the Board of Invion Limited
Melanie Farris
COMPANY SECRETARY
Invion Limited ABN 76 094 730 417
GPO Box 1557, Brisbane, QLD, 4001. P +61 7 3295 0500 F +61 7 3295 0599 www.inviongroup.com
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