Private Placement of Ordinary Shares
VMob Group Limited [NZAX: VML]
8 September 2015
PRIVATE PLACEMENT OF ORDINARY SHARES
As previously announced at the Company’s Annual Meeting on 11 August 2015, VMob Group Limited (VMob) confirms that it is about to undertake a series of presentations in support of a private placement to raise up to NZ$5.0 million through the issue of up to 14,705,882 ordinary shares at an issue price of NZ$0.34 per share (A$0.307).
The placement will be undertaken in accordance with NZAX Listing Rule 7.3.5 and be made to wholesale investors in New Zealand and sophisticated investors in Australia. The offer closes on 28th September 2015.
The capital raised will be used to fund the continued expansion and growth of the business in offshore markets, particularly the United States.
For further information, contact:
Scott Bradley, CEO
+64 21 722 556
Steve Allan, CFO
+64 27 480 9991
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