Just looked through the previous announcements and found SPT...

Just looked through the previous announcements and found SPT mentioned the same contents (as highlighted below) since August this year, with the announcement today regarding Securities Trading Policy to avoid any information leaking by insiders, it probably means nothing as usual or they are nearly disclosing the DEAL.
Hopefully our patience will be HUGELY rewarded before this Christmas.


ASX ANNOUNCEMENT 12 August 2020
Completion of 1st Tranche of Placement and Cleansing Statement
Sydney, Australia, 12 August 2020 – Further to its announcement of 5 August 2020, Splitit
Payments Ltd (ASX:SPT “Splitit” or the “Company”), a global payment solutions provider, is
pleased to announce that it has completed the issue and allotment of 34,615,385 fully paid
ordinary shares (“Tranche 1 Placement Shares”) under tranche one of the placement to raise
A$90 million (before costs) from institutional, sophisticated and professional investors
(“Placement”).
Under the Placement, the Company received firm commitments to subscribe for a total of
69,230,770 new shares at $1.30 per share (“Placement Shares”). The Tranche 1 Placement
Shares were issued without a disclosure document in accordance with section 708 of the
Corporations Act 2001 (Cth) (Act) under the Company’s existing ASX Listing Rule 7.1
placement capacity and raised A$45 million (before costs).
The remaining 34,615,385 Placement Shares (“Tranche 2 Placement Shares”) will be issued
subject to the Company receiving the following shareholder approvals at an extraordinary
general meeting (“EGM”), anticipated to be held in mid-September 2020:
• in respect of 33,827,524 Tranche 2 Placement Shares, ASX Listing Rule 7.1; and
• in respect of 787,861 Tranche 2 Placement Shares, ASX Listing Rule 10.11 (further
details below).
Upon approval, the Tranche 2 Placement Shares will raise an additional A$45 million (before
costs). The Tranche 1 and Tranche 2 Placement Shares will rank equally with existing ordinary
shares from the date of issue and will be issued at the same price.
As part of the Placement, subject to shareholder approval, the following directors and a related
party to a director have agreed to subscribe for 787,861 Tranche 2 Placement Shares for an
aggregate total of A$1,024,219.30 on the same terms as applicable to all Placement Shares
(“Director Shares”):
• Chairman of the Company, Spiro Pappas, has agreed to subscribe for 222,663 shares
(A$289,461.90);
• CEO and Managing Director, Brad Paterson, has agreed to subscribe for 231,320
shares (A$300,716.00);
• Executive Director and Co-founder, Alon Feit, and his parents have agreed to
subscribe for an aggregate total of 295,416 shares (A$384,040.80); and
• Non-Executive Director, Thierry Denis has agreed to subscribe for 38,462 shares
(A$50,000.60).
A cleansing statement in respect of the Tranche 1 Placement Shares is set out below and an
Appendix 2A is enclosed
Cleansing Statement
The Company hereby notifies ASX under section 708A(5)(e) of the Act that:
a) today, 12 August 2020, the Company completed the issue and allotment of 34,615,385
fully paid ordinary shares;
b) the Company issued the shares without disclosure under Part 6D.2 of the Act;
c) the Company provides this notice under section 708A(5)(e) of the Act;
d) as a disclosing entity, the Company is subject to regular reporting and disclosure
obligations;
e) as at the date of this notice, the Company has complied with the provisions of Chapter
2M and section 674 of the Act as they apply to the Company;
f) for the purposes of section 708A(7) and (8) of the Corporations Act, the Company wishes
to disclose that the Company is currently engaged in negotiations with several prospective
third party financiers in respect of additional merchant funding facilities. If agreed, such
facilities may be material for Splitit to the extent that they enable Splitit to progress into
new markets or achieve significantly greater scale. While Splitit is hopeful that a facility
agreement will be agreed on terms acceptable to Splitit in the coming weeks, there is no
guarantee that any facility will be agreed in the near or long term. A detailed
announcement will be made if and when such negations become binding or complete in
accordance with the Company’s continuous disclosure obligations; and