Ann: Placement raises $6 million at 2.5 times the IPO price, page-2

https://www.asx.com.au/asxpdf/20190401/pdf/443yfcc242ldsb.pdf

Oversubscribed placement raises $6 million at 2.5 times the IPO price

•   Oversubscribed share placement raises $6 million at 50 cents per share, double the minimum subscription sought, with offers scaled back
•   Strong support received from institutional and sophisticated investors and very well supported by major existing Company shareholders
•   Leading International engineering and construction company Meptagon provided a cornerstone investment, investing US$500k as part of the placement. SMX also signed a contract with Meptagon, to provide its engineering and construction expertise to SMX’s clients particularly in the electronics sector