ASX Release – Non-Renounceable Rights Issue Shortfall
Urbanise.com Limited (Urbanise) (ASX:UBN) advises the Pro-Rata Non-Renounceable Rights Issue closed on 28 September 2018 with applications for entitlements received totalling $1,791.803.86 being for a total of 66,363,106 shares. Details of the shares to be allotted and the impact upon total securities on issue are contained within the table below.
Description
Securities
Shares currently on Issue
530,831,549
Shares offered under the rights issue (maximum)
151,666,157
Entitlement Shares applied for by Shareholders
66,363,106
Shortfall Shares to be issued to the Underwriter without Shareholder approval
85,303,051
Total shares on issue upon issue of Entitlement Shares to Shareholders and assuming all Shortfall Shares are issued to the Underwriter will be 682,497,706.
It is expected that the Entitlement Shares and Shortfall Shares will be issued to Shareholders from whom valid applications were received and the Underwriter in accordance with the previously released Rights Issue timetable.
Ends
For more information,
contact: Kim Clark
Company Secretary
kim.clark@urbanise.com
+61 07 30109393