ASX IPO Now Live 28 Mar to 13 Apr 2018

ASX IPO Now Live

https://investors.vonex.com.au/asx-ipo-now-live/

Key Points
• Vonex’s ASX IPO to raise up to $7 million is now live
• To view the IPO Prospectus and apply online visit https://investors.vonex.com.au/offer/
• Nearly fully underwritten by State One Equities Pty Ltd to $5.5 million.
• Priority Offer for existing Vonex Shareholders

Investment Highlights
• Vonex consists of three core businesses:
*Vonex Wholesale – sold on a white label basis to clients. Supplies wholesale customers with PBX endpoints, voice minutes and advanced PBX features, which are on-sold under their own brand.
*Vonex Telecom – full-service telecommunication service provider selling mobile, internet, business phone systems and hosted PBX. These services are sold direct through Vonex or via affiliates (Channel Partners).
*Development and engineering – the voice engineering department which maintains and develops products to keep Vonex ahead of the market.
• Highly scalable business model, achieving $6.12 million revenue for Retail Division (FY2017) and $1.16 million for the Wholesale Division (FY2017).
• Divisions reported a 28% increase in sales revenues for FY2017 (2016: 20% and 2015: 22%).
• Significant opportunities in Australia – Vonex strategically placed to benefit from NBN roll- out by targeting SME’s.

The Offer
• Funds raised from Offer to be used for: o Marketing of its SME retail and wholesale white label PBX businesses; o development of its world-first telecommunication applications aggregator solutions to the telecom industry, the Oper8tor app,
• Offer opened today, 28 March 2018 and closes on 13 April 2018; and
• Expects to commence trading on ASX on 26 April 2018, under the ticker VN8.

28th March 2018: High-tech, innovative telecommunications service provider Vonex Limited (“Vonex” or the “Company”) is pleased to announce that its IPO prospectus with the Australian Securities and Investments Commission (“ASIC”) through the issue of up to 35 million shares at an issue price of $0.20 per share to raise up to $7 million before costs (“Prospectus”) is now live.