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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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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.

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8 September 2014

In accordance with Listing Rule 17.1, ComOps Limited (“ComOps” or “Company”) (ASX: COM) requests that an immediate trading halt is placed on its securities pending release of an announcement regarding a proposed capital raising to be conducted by way of a placement to sophisticated and professional investors.

ComOps expects the trading halt will be required for up to two days and that an announcement will be made before the commencement of normal trade on Wednesday 10 September 2014.

The Company is not aware of any reason why the trading halt should not be granted, nor of any other information relevant to this request.

Click Here to read the full version of the announcement.

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10 September 2014

In accordance with Listing Rule 17.2, ComOps Limited (“ComOps” or “Company”) (ASX: COM) requests a voluntary suspension be placed on its securities pending release of an announcement regarding a proposed capital raising to be conducted by way of a placement to sophisticated and professional investors.

ComOps expects the voluntary suspension will be required for up to two days and that an announcement will be made before the commencement of normal trade on Friday 12 September 2014.

The Company is not aware of any reason why the voluntary suspension should not be granted nor of any other information relevant to this request.

Click here to read the announcement

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September 2014

As foreshadowed in the shareholder update released on 26 August 2014, ComOps Limited (“ComOps”) is pleased to announce to shareholders and the market that it has today signed and completed a business purchase deed under which it acquired the business and assets of e‐Tivity Corporation (APAC) Pty Limited (“e‐Tivity APAC Business”). The e‐Tivity APAC Business sells, implements and maintains software products for workforce management solutions.

The intellectual property for the e‐Tivity APAC Business is owned jointly by Mr Phil Jones and Positive Group Holdings Pty Limited (together, the “IP Owners”), who licence the intellectual property to e‐Tivity Corporation (APAC) Pty Limited (“APAC”) for use in the e‐Tivity APAC Business. ComOps also announces that it has signed a binding intellectual property purchase deed under which it will acquire the software products, the e‐Tivity trademarks and brands and related intellectual property (“e‐Tivity Intellectual Property”) from the IP Owners.

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