9 Spokes International Limited, (ASX: 9SP) (“9 Spokes” or “the Company”), is pleased to advise that, further to the announcement on Thursday, 27 July 2017 in relation to the two tranche placement (Placement), it has completed the issue and allotment of the first tranche of 60,444,524 fully paid ordinary shares (First Tranche Shares), raising approximately AU$7.85m (NZ$8.4m). The second tranche of 31,863,169 fully paid ordinary shares are expected to be issued on or about Monday, 28 August 2017, subject to the approval of shareholders at a Special Meeting of Shareholders, which is anticipated to be held on Tuesday, 22 August 2017.
The First Tranche Shares have been issued under the Company’s 15% placement capacity under ASX Listing Rule 7.1. A corresponding Appendix 3B has been released separately to the ASX today.
Separately, the Company is also pleased to announce it has surpassed 11,500 businesses signed up by the
end of July 2017, as expected.
9SP Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
