TTI Rights Issue

Traffic Technologies Rights Issue

This Offer Is Now Closed

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

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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 advisers 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.
*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.

19th November, 2021

Company Presentation

Watch this 26 minute video to gain valuable insights into the company’s journey so far, its competitive advantage in the market, and their plans for expanding the business and targeting significant recurring revenue. The video features:

  • A company overview by Con Liosatos, Traffic Technologies’ Managing Director
  • An investment overview by Patrick Nelson, Reach Markets’ Managing Director
  • Q&A session for investors with Con and Patrick

Investor Presentation

Latest News

Speak to an Adviser

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