Completion of Share Purchase Plan
Released
Released
Announcement PDF
ASX Announcement
ATOMOS LIMITED (ASX:AMS)
17 June 2020
Atomos Limited
Completion of Share Purchase Plan
Atomos Limited (ASX:AMS, ‘Atomos’ or the ‘Company’) is pleased to announce the
successful completion of its Share Purchase Plan (‘SPP’). The SPP provided eligible
shareholders the opportunity to participate in the capital raising following the successful
completion of an institutional placement announced on Thursday, 14 May 2020
(‘Placement’). As set out in the SPP Offer Booklet, launched on Monday, 25 May 2020,
the SPP intended to raise approximately A$2.0 million.
The SPP closed at 5.00pm (AEST) on Friday, 12 June 2020. Atomos confirms that the SPP
was oversubscribed and the Company received over 1,300 applications and monies
totaling in excess of A$20 million, indicating a participation rate of over 45% of eligible
shareholders.
Subsequently, in accordance with the terms and conditions of the SPP, Atomos will scale
back applications under the SPP to an increased offer size of approximately A$3 million.
All eligible shareholders will be scaled back on a pro-rata basis and as a result will receive
a maximum of approximately $5,000 worth of Atomos shares. Surplus application monies
paid will be returned to applicants by the method detailed in the SPP offer booklet. The total
funds raised under the Placement (refer to ASX announcement dated Thursday, 14 May
2020) and the SPP is approximately A$13.9 million, which will be used for expansion into
the video streaming market and buffer against any further COVID-19 shocks. Refer to the
Company’s previous announcements and the investor presentation released to the ASX on
Thursday, 14 May 2020 for further details about the Offer and proposed use of funds.
SPP shares will be allotted and issued on Friday, 19 June 2020 at A$0.45 per share, being
the same as the issue price under the Placement and representing a 18.9% discount to the
volume weighted average price of ordinary shares traded on the ASX over the ten trading
days before the day on which the SPP was announced on Thursday, 14 May 2020. Holding
statements are expected to be despatched on Tuesday, 23 June 2020.
The Placement and SPP has been managed by Henslow Pty Ltd and Morgans Corporate
Ltd with Maddocks acting as legal advisor.
Atomos would like to thank all eligible shareholders who participated in the SPP and the
Placement and for their continued support.
-- ENDS -For further information please contact:
AUSTRALIA • USA • UK • GERMANY • CHINA • JAPAN
James Cody
Chief Financial Officer
+61 407 048 514
james@atomos.com
Chris Tait
Executive Chairman
+61 438 862 355
chris.tait@atomos.com
About Atomos
Atomos is a global video technology company delivering award-winning, simple to use
monitor-recorder content creation products. These products give content creators across
the rapidly growing social, pro-video and entertainment markets a faster, higher quality and
more affordable production system.
Atomos’ range of products take images directly from the sensor of all major camera
manufacturers, then enhance, record and distribute them in high-quality formats for content
creation using the major video editing software programs. Since being founded in 2010,
Atomos has established strategic relationships with key technology providers within the
ecosystem including Apple, Adobe, Sony, Canon, Panasonic, Nikon and JVC Kenwood.
Atomos is based in Australia with offices in the USA, Japan, China, UK and Germany and
has a worldwide distribution partner network.
For more information please visit www.atomos.com
AUSTRALIA • USA • UK • GERMANY • CHINA • JAPAN
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