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16 October 2014

Click here to view the Notice of Meeting.

ComOps Limited Shareholders are invited to attend the General Meeting on Monday 17th November at 9.30am.

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12 September 2014

ComOps Limited (ASX: COM) (ComOps or the Company) is pleased to announce that it has agreed to place:

42,933,335 million fully paid ordinary shares (Shares) to professional and sophisticated investors, raising $1,288,000.

The Shares will be issued at an issue price of $0.03 cents each, raising a total sum of $1,288,000 (before costs). In addition, the directors and director related entities have agreed to take up 12 million shares at an issue price of $0.03 cents each raising a further $360,000, either via potentially underwriting the planned rights issue or, subject to shareholder approval, by taking additional shares over and above their pro‐rata entitlement under the rights issue.

The placement is the first stage of the foreshadowed two-stage capital raising, with the second stage being a 1 for 4 non‐renounceable entitlement offer at $0.03 cents per share. The funds from the placement and the upcoming entitlement offer will be used for expansion of ComOps’ workforce management business, including:

funding for the E‐Tivity acquisition;
developing the “Microster” workforce management software business onto 3rd party platforms;
funding for value adding acquisitions (if and when appropriate targets are identified) to expand and enhance the reach of the Microster products and services; and
working capital.

Bligh Capital Securities Pty Ltd acted as Lead Manager to the placement.

The placement was made without disclosure to investors under Part 6D of the Corporations Act 2001. The new Shares will be issued to investors on or around 19 September 2014.

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19 September 2014

ComOps Limited (ASX: COM) (ComOps or the Company) is pleased to announce that due to additional demand, a further 4,000,000 ordinary shares have been placed to professional and sophisticated investors further to the announcement made on 12 September 2014. In addition, the Directors have agreed to accept an application from a service provider of ComOps, who has agreed to take 2,000,000 shares in ComOps in lieu of fees.

The additional allotment brings the total amount raised under the Placement Issue to $1,468,000, before costs.

Pursuant to the application for official quotation of these new ordinary shares, COM confirms the following:

  • The 48,933,335 new ordinary shares were allotted and issued on 19 September 2014. Holding statements will be dispatched to shareholders today;
  • An Appendix 3B in respect of the new ordinary shares issued pursuant to the Placement Issue is annexed to this announcement; and
  • Following allotment and issue of the 48,933,335 new ordinary shares, the issued capital of COM comprises 436,995,626 fully paid ordinary shares and 12,333,333 options.

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11 September 2014

ComOps Limited (ASX: COM) (ComOps” or “Company) is pleased to announce the appointment of Gerry Williams to the position of Chief Executive Officer (CEO).

Following the search process announced earlier in the year, Mr. Williams has entered into an executive services agreement under which Mr. Williams will commence his role as CEO of ComOps on Wednesday 1st October 2014.

Mr. Williams joins us from UXC Red Rock, where he recently became General Manager National Products and Solutions, having been General Manager of Managed Services for the last 5 years and a member of the Leadership Team. As General Manager of Managed Services, he led a business unit with approximately 150 corporate customers, 90 staff and delivered strong growth. Prior to UXC Red Rock, over a 20-year career in IT, he has held a number of general management roles managing sales, pre‐sales, customer service, implementation and support with companies such as the ASX-listed Objective Corporation and Oracle Corporation. Mr. Williams is a member of the Chartered Institute of Management Accountants, holds a Bachelor of Commerce from Rhodes University in South Africa and migrated from South Africa in 1986, becoming an Australian citizen in 1988.