Propell Placement Entitlement Offer

Propell Entitlement Offer

Entitlement Offer Details

Offer Price

TBA

*Offer is at the same price as the institutional placement

Entitlement Offer Details

30 Day VWAP

$0.0731

Offer Price

$0.058

This offer represents a 20.63% discount to the volume weighted average price (VWAP) over the 30 trading days before the date the Entitlement Offer was announced. All applications and monies must be received by 5pm (AEST) 19th May 2022.

Propell’s foundation is built around the market gap for an intelligent and easy-to-use finance solution in Australia’s small business finance segment. Our goal is to revolutionise the way small businesses access finance by delivering a seamless and digitally driven customer experience and, in doing so, establish ourselves as the market’s leading player.

Michael Davidson – CEO

Request Your Personalised Entitlement Offer Form

What is a 708 investor?

By submitting this form, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Propell Holdings Ltd and will receive fees for its services.

Offer Details

Propell Holdings Limited (ASX: PHL) has launched a 1-for-2.5 non-renounceable Entitlement Offer priced at $0.058/share representing a discount of approximately 20.63% to PHL’s 30-day VWAP (calculated on 11th April 2022).

Use of Funds

The funds raised under the entitlement offer will be used for the following purposes:

  • Fuel ongoing organic growth through working capital
  • Support the increase in lending facility

Should you wish to apply for an amount greater than your allocation, use the same BPAY details to fund the full amount you would like to be allocated.
The directors reserve the right to allocate at their discretion any shortfall* to eligible shareholders that apply for additional new shares in excess of their entitlement.
*Note this is subject to there being a Shortfall amount when the Entitlement Offer closes and the Board retains absolute discretion on final allocations.

Refund amounts will be paid either by cheque or by direct credit to the nominated bank account.

Entitlement Offer Details

30 Day VWAP

$0.0731

Offer Price

$0.058

This offer represents a 20.63% discount to the volume weighted average price (VWAP) over the 30 trading days before the date the Entitlement Offer was announced. All applications and monies must be received by 5.00pm (AEST) 19th May 2022.

Company Presentation

As Australia’s first and only SME-focused all-in-one finance platform, Propell’s digital-first approach makes it highly scalable and allows for easy integration with other financial services. With no immediate competitors, the company has leveraged its first-mover advantage into exponential growth, supported by partnerships with Square, Stripe and Zip. Propell has a customer base of ~1700, which is growing over 30% per quarter, and is generating revenue ahead of forecasts.

Watch the latest investor briefing recording here or read the investor presentation here

Latest shareholder briefing

34 mins | 4 May, 2022

Investor Presentation Deck

20 pages | 12 April, 2022

Company Explainer

5 mins | 8 April, 2022

Tuesday, 24th May 7pm (AEST)

Please join Propell CEO Michael Davidson for a shareholder briefing where he will be discussing details of the Entitlement Offer, use of funds and how to participate.

In the session, Michael will also discuss:

  • How the company organically grew its customer base to ~1700 clients (more than 420% in the past year), hitting 30% quarter-on-quarter growth in March 2022
  • The company’s plan to double its client base to ~3400 by late 2022 and its strategic partnerships with Square, Stripe and Zip
  • The details of the Entitlement Offer, use of funds and how to participate

This is a live and interactive session. Don’t miss out; spots are limited. This is a FREE event.

Attend the Session

What is a 708 investor?

By clicking submit, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Propell Holdings Ltd and will receive fees for its services.

Latest News

Request Your Personalised Entitlement Offer Form

What is a 708 investor?

By submitting this form, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Corporate provides Corporate Advisory Services, including managing investor communications on behalf of Propell Holdings Ltd and will receive fees for its services.