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- Release Date: 16/05/13 15:11
- Summary: S/HOLDER: SNK: Snakk Share Purchase Plan exceeds goal of $2m
- Price Sensitive: No
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SNK
16/05/2013 13:11
S/HOLDER
REL: 1311 HRS Snakk Media Limited
S/HOLDER: SNK: Snakk Share Purchase Plan exceeds goal of $2m
16 May 2013
Market release
Snakk Share Purchase Plan exceeds goal with 5 days until closing
Snakk Media is pleased to announce that its Share Purchase Plan (SPP) capital
raising initiative has exceeded the stated goal of $2 million raised, with 5
days remaining until applications close.
The board will be reviewing all applications following the closing date to
determine allotment of shares and they may scale back their acceptance of SPP
applications if the final application amount is too high. . Eligible
shareholders who still wish to apply for the SPP are able to and are
encouraged to do so before 5pm, May 21.
The SPP is a way for eligible shareholders to increase their holdings at a
fixed price of 12 cents per share for up to $15,000 worth of shares, a
discount on the closing price of 15.5 c on 15th May. The new capital raised
will go toward funding further expansion into new regions or sales teams and
exploring strategic investment opportunities.
Snakk wishes to thank all its shareholders for their support.
If you need any assistance with the SPP please contact
[email protected] or phone (021) 464392
ENDS
Follow Snakk for investor and market updates on twitter.com/snakkir
About Snakk Media Limited
Snakk enables brands to reach their consumers on smartphones and tablets,
delivering engaging ads across a network of mobile websites, applications,
and games in a way that is highly targeted, measurable and scalable. The
company's expertise and portfolio of technology aggregates a publisher's
supply of ad space and matches it with an advertiser's demand. Snakk is
deeply committed to building a purpose-driven business that balances
commercial outcomes with a higher social purpose.
End CA:00236307 For:SNK Type:S/HOLDER Time:2013-05-16 13:11:20
