Carly Holdings Limited (ASX:CL8) (Carly or the Company) is pleased to confirm the despatch of letters to Eligible Shareholders providing details of how to access the prospectus as lodged with ASIC and ASX on 5 October 2022, including the entitlement and acceptance form online, for the renounceable rights issue of shares and options to raise approximately $2.8 million before costs (Rights Issue).
The Rights Issue will be offered to shareholders registered at the Record Date of 10 October 2022 with a registered address in Australia and New Zealand (Eligible Shareholders) on the basis of one (1) New Shares for every Share held, together with one (1) free attaching option for every two (2) New Shares subscribed for and issued. The free attaching options will be quoted, exercisable at $0.06 each and expire on 31 October 2024 (New Options).
As previously announced, major shareholders and officers of the Company have confirmed their intention to take up rights under the Rights Issue totalling over $700,000, namely SG Fleet Management Pty Limited and Willoughby Capital Pty Ltd as trustee for the Willoughby Capital Trust, Turners Automotive Group Limited and directors, Chris Noone and Adrian Bunter. The minimum subscription under the Rights Issue is $2.0 million. The funds raised under the Rights Issue will be used to accelerate the growth car subscription revenue from consumer and business markets, technology enhancements, R&D, to cover costs of the issue and for general working capital
Mahe Capital advised on the issue and acts as Lead Manager. Eligible Shareholders may take up shortfall under the Rights Issue in addition to their entitlements under the offer. Applications for securities under the Rights Issue can be made by electronic funds transfer or BPAY. The Closing Date for the Rights Issue is 5:00 pm (AEDT) on Wednesday, 26 October 2022. Shareholders can also trade their rights until Wednesday, 19 October 2022. Following this announcement is a copy of the letter sent to Eligible Shareholders today. Eligible Shareholders are encouraged to participate in the Rights Issue. Any questions concerning the Rights Issue should be directed to the Company by email at shareholder@carly.co. This announcement was authorised to be given to ASX by the Board of Directors of Carly Holdings Limited.
Contact:
Chris Noone
CEO and Director
Carly Holdings Limited
E: shareholder@carly.co
About Carly Holdings Limited
Carly Holdings Limited (ASX:CL8) investors.carly.co/ is listed on the Australian Securities Exchange. It is Australia's leading listed company focused on providing innovative mobility solutions for consumers and the automotive industry. Carly Holdings operates www.Carly.co, Australia's first flexible car subscription service
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