26th January 2015
VMob Group Limited Placement Completed (NZAX: VML)
On 11 December 2014 VMob Group Limited (VMob) announced that it intended to negotiate with interested parties to raise up to NZ$3 million by way of private placements of ordinary shares priced at AU$0.01 per share, with a view to raising new capital to be applied towards supporting VMob’s US growth strategy, enabling current and planned deployments and providing VMob with working capital. VMob subsequently advised the market on 23 December 2014 that the close of the capital raising was deferred until the New Year whilst it continued to hold discussions with prospective strategic partners and investors. Many interested investors were unavailable over the Christmas break period.
VMob is pleased to advise that after the close of business on 23 January 2015 it successfully completed a private placement of 205,137,771 ordinary shares at AU$0.01/NZ$0.0106 per share, raising $NZ2,174,166 million. The capital raising was undertaken in both New Zealand and Australia and was supported by a mixture of high net worth individuals, institutions and certain VMob directors.
Settlement will occur on 2 February 2015 with allotment of shares taking place on 5 February 2015.
For more information please contact:
Steve Allan, CFO
Mobile: +64 27 480 9991
VMob uses mobile to put shoppers back in shops and increases sales for bricks and mortar retailers. Its unique proprietary platform delivers highly effective, personalised promotions, content and loyalty programs in real time. VMob’s technology uniquely combines social profiling, geo-location and transactional capabilities to help retailers and brands understand their customers and to connect with them through perfectly-timed offers and rewards. VMob (based in Auckland, New Zealand) 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 in the USA, Netherlands, Sweden and Japan, Exxon, Anheuser Busch, Telecom New Zealand, Telkom Indonesia, Loyalty New Zealand, and Yellow Pages.
Visit www.vmob.co for further information