BTH 8.33% 11.0¢ bigtincan holdings limited

Ann: Prospectus, page-4

  1. 285 Posts.
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    Nothing sinister here,

    This is covering a 'gap' in the earlier process to issue shares to acquire SalesDirector.ai. They have issued this prospectus with a nominal issue of 1,000 shares at the same issue price as the value used for the shares issued to shareholders of SalesDirector.ai. All a formality that should have been sorted at the time IMO.

    "The primary purpose of this Prospectus is to remove any trading restrictions that attach to 1,117,900 Shares that were issued at an issue price of $0.535 per Share to shareholders of SalesDirector.ai, as announced to the ASX on 28 December 2022. Accordingly, the Company is seeking to raise only a nominal amount under this Prospectus as the purpose of this Prospectus is not to raise capital.

    1.3 Previous issue of SharesOn 28 December 2022, the Company issued 1,117,900 Shares (Acquisition Shares) at $0.535 per Share as part consideration for the acquisition of SalesDirector.ai. The Acquisition Shares were issued to shareholders (including employee shareholders) of SalesDirector.ai. For further details of the acquisition, refer to the Company’s announcement dated 28 December 2022.The Acquisition Shares were issued without disclosure under Part 6D.2 (Disclosure to Investors about Securities) of the Corporations Act and pursuant to the Company's placement capacity under Listing Rule 7.1.Generally, section 707(3) of the Corporations Act requires that a prospectus is issued in order for a person to whom securities were issued without disclosure under Part 6D of the Corporations Act to on-sell those securities within 12 months of the date of their issue.This is covering a 'gap' in the earlier process to issue shares to acquire."


 
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