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Plexure Group Limited (NZX: PLX) undertakes NZ$32m placement and NZ$5m SPP

Wednesday 11th November 2020

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Plexure Group Limited (NZX: PLX ) (Plexure), one of the leading international specialist mobile engagement platform providers, announces that it is proposing to raise up to NZ$32.0 million through an underwritten A$30.0 million private placement (Placement) and a non-underwritten share purchase plan (SPP) to raise up to NZ$5.0 million (together, the Offer).

Funds raised through the capital raising will be used to accelerate the Company’s international growth by increased investment in the following areas:

• Increased staffing to support customer expansion in new verticals and geographies;

• Product innovation including data analytics, Ai and machine learning and platform capacity; and

• Working capital.

Plexure has previously announced that it was considering a possible IPO and ASX listing (and re-classifying its NZX listing to a secondary listing) and has received shareholder approval in this regard. Plexure has now determined that the most efficient way to achieve an ASX presence is to undertake an underwritten private placement to institutional and sophisticated and professional investors in Australia and New Zealand, seek a secondary ASX listing (an ASX foreign exempt listing) and maintain its NZX listing as its primary listing. The Company may migrate to a primary listing in Australia at a later date.

In addition, the Company will undertake a non-underwritten SPP in New Zealand to allow New Zealand shareholders to participate in the Offer on the same terms as those institutional, sophisticated and professional investors participating in the Placement.

See the links below for more details:

Market Anouncement 11 November 2020

Investor presentation 11 November 2020

Corporate Action Notice 11 November 2020

Cleansing Notice 11 November 2020

Source: Plexure Group Limited



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