VMob Group: Private Placement of Ordinary Shares

NZX release
23rd December 2014

VMob Group Limited [NZAX: VML] 

VMob Group Limited (VMob) has previously announced that it is in discussions with a number of parties interested in participating in a prospective capital raising initiative via a private placement.

VMob has resolved to defer the close of the prospective capital raising initiative until the New Year, whilst it continues to hold discussions with prospective strategic partners and investors regarding the capital raising.

An update will be provided to the market during the course of January 2015.

For further information contact: 
Steve Allan, CFO
+64 27 480 9991


About VMob
The VMob mobile marketing platform, built specifically for retailers, uses in-store beacon functionality, mobile vouchers and mobile loyalty to increase store traffic, improve in-store experience and build loyalty. All app content is tailored specifically to each shopper by our big data platform, running on the Microsoft Azure network, using a combination of historic information and live data points such as location, weather and nearby events. VMob is based in Auckland, New Zealand and is listed on the NZX Alternative Market (NZAX: VML).

The Company has already achieved success in worldwide markets with strong partnerships and clients including McDonald’s Netherlands, Sweden and Japan, Exxon, DDB, Telkom Indonesia, Telecom New Zealand, Vodafone, Yellow Pages, Heart of the City and Loyalty New Zealand.

Visit www.vmob.co for further information

Kai Crow