Shaw and Partners appointed Joint Lead Manager to the $20m Axsesstoday capital raising News26 Mar 2018

Shaw and Partners has been appointed Joint Lead Manager to the proposed capital raising by Axsesstoday Limited (ASX.AXL).

 

Axsesstoday is seeking to raise up to approximately $20m, via an unconditional placement of approximately 10m new ordinary fully paid shares at the price of $2.00 per security.  New shares issued under the placement will rank pari passu with existing securities.

 

The offer price represents a 3.38% discount to last close of $2.07 and a 5.73% discount to 10 day VWAP of $2.12.

 

THE OFFER IS AVAILABLE TO AUSTRALIAN SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY.

 

For more information about the offer, please contact your Shaw and Partners’ Adviser.

 

About Axsesstoday Limited

Axsesstoday Limited is a specialist provider of equipment funding solutions for small to medium sized enterprises in the hospitality, transport and various other sectors. The group has continued to achieve strong growth since commencing operations in 2012 by providing a compelling and differentiated value proposition for merchants to offer equipment finance to their end customers.

 

Disclaimer: A presentation on the placement has been lodged with ASX today and is able to be downloaded from ASX’s website www.asx.com.au and the company’s website at http://axsesstodaylimited.com.au

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