MONEYME Limited (ASX: MME) has confirmed it will offer Eligible Shareholders an opportunity to acquire new ordinary shares in MONEYME under a Share Purchase Plan (SPP). The offer booklet (SPP Booklet) will be despatched to Eligible Shareholders later this week.
The MONEYME Board sees completion of the SPP offer as important to ensure that all Eligible Shareholders have an opportunity to participate in the raise process within the confines of ASX Listing Rules.
The SPP offer
Eligible Shareholders may purchase up to $30,000 worth of New Shares under the SPP, without incurring brokerage or transaction costs. The issue price of these New Shares will be A$0.08 per share which is the same issue price as conducted under the recently announced institutional placement and accompanying offer to a MONEYME director.
MONEYME is targeting to raise up to $5 million with the ability to scale back applications in its absolute discretion.
The SPP opens on Wednesday, 24 May 2023 and is expected to close at 5.00pm on Wednesday, 7 June 2023. Application monies must be received prior to this time.