Shaw and Partners has been appointed Joint Lead Manager alongside Evans and Partners for a capital raising by Managed Accounts Holdings Limited. 

The company is seeking to raise approximately $34.0m via a conditional placement of up to approximately 121.4m shares to be issued at $0.28 per share.

The offer price of $0.28 per new share represents a 12.5% discount to the last trade price of $0.32 on Monday, 30 October 2017 and a 9.2% discount to 30 day VWAP of $0.3082. 

Managed Accounts Holdings Limited is seeking to acquire Linear for an enterprise value of $42.5 million. This comprises:

• minimum $14.0 million of MGP scrip to be issued at $0.33 per share to current Linear shareholders;
• maximum $8.0 million of cash consideration to shareholders; and
• $20.5 million to settle third party liabilities.

THE OFFER IS OPEN TO AUSTRALIAN RESIDENT SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY

For more information please contact your nearest Shaw and Partners office.

About Managed Accounts Holdings Limited

Managed Accounts Holdings Limited (MGP) is a licensed operator of Managed Discretionary Accounts (MDA) services. MGP provides investment administration and associated services for financial advisers, investment managers and dealer groups with both wholesale and retail client bases. It is the holder of an AFSL license with an endorsement to operate Managed Discretionary Accounts. It is also engaged in the development of operating processes (IP) to support managed accounts. Managed Accounts Holdings Limited is headquartered in Sydney, Australia. www.brainchipinc.com