MAD
31/03/2015 09:59
ALLOT
PRICE SENSITIVE
REL: 0959 HRS Energy Mad Limited
ALLOT: MAD: Successful rights offer for Energy Mad Limited
Media Release 31 March 2015
Successful rights offer for Energy Mad Limited
Energy Mad is delighted to announce that a total of 34,471,483 shares have
been issued pursuant to its rights offer (including under-subscriptions of
20,439,296 shares which have been issued to SuperLife Trustee Nominees
Limited pursuant to the underwriting agreement relating to the offer). This
has resulted in Energy Mad raising $2,240,646 in new capital which will be
used to:
-cover the expenses associated with the offer;
-increase the numbers of, and provide assistance to, the third party sales
forces in New Zealand; and
-fund general working capital.
The newly issued shares are expected to commence trading today. Those
shareholders that applied for additional shares will receive the number of
shares applied for.
The Directors wish to record their thanks to SuperLife Limited and our
shareholders for their continuing support of the Company.
For the purposes of Listing Rule 7.12.1 of the NZX Main Board Listing Rules,
Energy Mad advises that the following securities have been issued pursuant to
the its rights offer:
a) Class of security: Ordinary Shares
ISIN: NZMADE0001S4
b) Number issued: 34,471,483
c) Issue Price: $0.065
d) Payment terms: Cash, pursuant to the rights offer
e) Amount paid up: In full
f) Percentage of total class issued: 80% of the total shares on issue
immediately prior to the issue of the new shares
g) Reason for issue: Pro rata renounceable four for five rights offer
pursuant to an offer document dated 27 February 2015.
h) Authority for issue: Board resolution dated 25 February 2015.
i) Terms of issue: The shares will rank equally in all respects with existing
ordinary shares of the Company at the date on which they are issued.
j) Total number of securities after issue: 77,560,859
k) Treasury stock: N/A
l) Date of issue: 31 March 2015
ENDS
For More Information Contact:
Chris Mardon, Managing Director
(021) 041 2981
End CA:00262517 For:MAD Type:ALLOT Time:2015-03-31 09:59:53
