Ann: Fully Underwritten Capital Raising-RNT.AX, page-43

First 43 Last

Share
Profile

Follow
anklos

604 Posts.

6

20/04/16

23:26

Post #: 17561298
Share

Originally posted by gassin123 ↑

RENT.COM.AU ANNOUNCES FULLY UNDERWRITTEN RIGHTS ISSUE Rent.com.au Limited (ASX: RNT) (“RENT” or “the Company”),
Australia’s Number 1 website dedicated to rental property, is pleased to announce a fully underwritten, non‐renounceable pro rata offer of up to 36,376,607 shares at an issue price of $0.15 each.

The issuewill raise $5,456,491 (before costs)which will allow the Company to commence the offline phase of its national branding campaign.
Key Highlights:
 Demand for sub‐underwriting allocation was heavily oversubscribed
 Funds to be used primarily on commencing offline marketing activities
 Total of $8.5 million cash (after costs) following completion of the issue

RENT Managing Director, Mark Woschnak, said he was pleased with the strong demand from institutional and sophisticated investors which reflected the Company’s continued strong progress against its core objectives.

“We recently announced that March 2016 was one of our strongest months on record, with the strongest new agent registrations since listing and all‐time highs in the number of unique visitors and also non‐agent listings on the site,” Mr Woschnak said.
“We have a strong Board and Executive Team, robust and scalable technology and are now well capitalised to further accelerate our commercialisation objectives by commencing offline marketing activities to support our recently deployed national sales team.

” Shareholders of the Company as at the Record Date of 13 April 2016 will be eligible to acquire 1 additional share for every 3 shares they hold at the Record Date, with acceptance forms to be returned by the Closing Date of 28 April 2016.

The issue price of $0.15 per share represents an 18% discount to the 10 day Volume Weighted Average Price (“VWAP”). Jett Capital Advisors Pty Ltd are the lead manager and underwriter of the Offer, with GMP Securities acting as brokers to the offer.

Expand

what does "Demand for sub‐underwriting allocation was heavily oversubscribed" mean? means oversubscribed by institutions?

and how much of 5mils CR will be from instos? or they will be all from retails?

RNT Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 6 more messages in this thread...

First 43 Last

Add RNT (ASX) to my watchlist

(20min delay)
Last 2.3¢		Change 0.000(0.00%)		Mkt cap ! $14.35M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$10.40K	454.7K

Buyers (Bids)

No.	Vol.	Price($)
2	252359	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	250000	1

View Market Depth

No.	Vol.	Price($)
3	327598	0.017
3	139228	0.016
9	948115	0.015
3	445000	0.014
3	191615	0.013

Price($)	Vol.	No.
0.018	345544	1
0.019	168070	4
0.020	2702	1
0.021	382000	3
0.022	18333	1

Last trade - 15.04pm 26/11/2024 (20 minute delay)

RNT (ASX) Chart

Ann: Fully Underwritten Capital Raising-RNT.AX, page-43

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)