TTI Rights Issue

Traffic Technologies Rights Issue

Offer Details

Offer Price

TBA

*Offer is at the same price as the institutional placement

Rights Issue Details

30 Day VWAP

$0.033

Offer Price

$0.03

This offer represents a 9.09% discount to the volume weighted average price (VWAP) over the 30 trading days before the date the rights issue was announced. All applications and monies must be received by 5.00pm (AEDT) 30 November 2021.

Traffic Technologies is the premier provider of comprehensive traffic management, Internet of Things (IoT) and smart city solutions in Australia. With strong plans for growth and ongoing profitability, an established list of government clients in Australia and a global distribution network, we are in an ideal position to disrupt and lead the IoT and smart city industry.

Con Liosatos, MD

Request Your Personalised Rights Issue 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 are the advisors assisting with the management of this offer and may receive fees depending on whether an offer is taken up by investors.

Offer Details

Traffic Technologies Ltd (ASX: TTI) has launched a 7-for-10 non-renounceable rights issue offer (Entitlement Offer) priced at $0.03/share representing a discount of approximately 9.09% to TTI’s 30-day VWAP (calculated on 3 November 2021).  First Samuel has made a conditional binding commitment to take up part of any shortfall in Traffic Technologies November 2021 Rights Issue, for 33,333,333 Shortfall Shares (subscription amount of up to $1 million).

Use of Funds

The funds raised under the Entitlement Offer will be used for the following purposes:

  • Repaying existing debt
  • Accretive and strategic acquisitions
  • General working capital

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.

Rights Issue Details

30 Day VWAP

$0.033

Offer Price

$0.03

This offer represents a 9.09% discount to the volume weighted average price (VWAP) over the 30 trading days before the date the rights issue was announced. All applications and monies must be received by 5.00pm (AEDT) 30 November 2021.

Wednesday, 1st December 12pm (AEDT)

Please register your interest for an upcoming special webcast with Traffic Technologies Managing Director, Con Liosatos.

In the session, Con will discuss: 

  • How TTI has had rapid growth in the US$1.7 trillion IoT market and is targeting accretive acquisitions
  • Why TTI is a frontrunner in landing contracts for Australia’s $2.5 billion local roads plan
  • The details of the Rights Issue, use of funds and how to participate
This is a live and interactive online session, and participants are encouraged to ask questions. Joining only requires an internet connection. Spots are limited, so secure yours today.

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 are the advisors assisting with the management of this offer and may receive fees depending on whether an offer is taken up by investors.

Investor Briefing

15th November, 2021

Investor Presentation

Latest News

Request Your Personalised Rights Issue 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 are the advisors assisting with the management of this offer and may receive fees depending on whether an offer is taken up by investors.