Propell Entitlement Offer
This Offer Is Now Closed
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) 20th June 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
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By submitting this form, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Markets have been engaged to manage this offer 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.
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Speak to an Adviser
By submitting this form, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Markets have been engaged to manage this offer and will receive fees for its services.