Proposed Stayco Acquisition and Capital Raising | Finexia Financial Group
Finexia Financial Group Limited (ASX: FNX) (Company) advises that it intends to reconstruct its issued equity capital through the consolidation of the current shares on issue on a 1:5 basis. In conjunction with this reconstruction of capital, the Company wishes to advise that it will undertake a placement of up to 23,037,980 fully paid ordinary shares (on a pre-consolidated basis) to sophisticated and professional investors to raise up to A$1,151,899 (Placement) as well as undertake a pro rata non-renounceable rights issue to existing shareholders to raise A$4,863,213 (Rights Issue).
Furthermore, the Company intends to raise a further A$10m through the issuance of a redeemable convertible notes to sophisticated and wholesale investors (Convertible Notes Issue). Hereafter, the Placement, the Rights Issue and the Convertible Notes Issue are together referred to as Capital Raising...
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