VMob Group Limited Placement (NZAX: VML)

22 October 2015

VMob Group Limited Placement (NZAX: VML) 

On 8 September 2015 VMob Group Limited (VMob) announced that it intended to negotiate with interested parties to raise up to NZ$5 million by way of private placements of ordinary shares priced at NZ$0.34 per share, with a view to raising new capital to be applied towards supporting VMob’s US growth strategy. 

Following a further announcement by VMob on 17 September 2015, VMob is pleased to advise that after the close of business on 21 October 2015 it has successfully completed an initial private placement of 5,480,060 ordinary shares at NZ$0.034 per share, raising approximately NZ$1.86 million. A mixture of high net worth individuals, institutions and certain VMob directors supported the capital raising.

Having already raised $1.86 million the board wish to allocate shares to those shareholders who have already committed to the offer and have their funds currently with our share registry, Computershare. In the meantime the board are continuing discussions with other high net worth individuals and institutions.

Settlement will occur on 23 October 2015 with allotment of shares taking place on 27 October 2015.

For more information please contact: 
Steve Allan, Chief Financial Officer
Mobile: +64 27 480 9991
Email: steven.allan@vmob.com

Ends.

About VMob
VMob is an end-to-end mobile personalisation platform that lets retailers and other customer- facing brands create highly personalised marketing campaigns to reach customers at exactly the right time and place – resulting in much higher conversion rates.

The VMob platform integrates with the brand’s own smartphone app to continuously collect and store a range of real-time data (including location, movement speed, local weather and nearby events), combining it with information on past transactions through its IoT platform to deliver a level of personalised content not possible with other media. Offers, campaigns and content personalised with this data are delivered within the smartphone app, and to other channels via API connections.

VMob was founded in Auckland, New Zealand and now has offices in San Francisco, Chicago, New York, London, Tokyo and Sydney and is listed on the NZX Alternative Market (NZAX: VML).

VMob has already achieved success in worldwide markets with strong partnerships and clients including McDonald’s, 7-Eleven, Exxon, Anheuser Busch, Heart of the City, Spark New Zealand, Telkom Indonesia, Loyalty New Zealand, and Yellow Pages.

Visit www.vmob.com for further information