Investor News

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

5th December 2013

In undertaking a periodic review of the share register following the recent rights issue it was noted that there were additional share purchases by Mr Stephen Rattray in 2012 not reflected in Form 604 lodgements. As a result of this oversight, please find attached a notice of change of interests of substantial shareholding reflecting the increase in Mr Rattray’s shareholding in the company between August and October of 2012, taking Mr Rattray’s shareholding from 15.06% to 16.62% when compared to the previous Form 604 lodgement.

Mr Rattray was not a Director of the Company during this period and the share purchases were correctly reflected on the Company's registry at the time of purchase.

Click on the link below to view the forms mentioned;

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

21st November 2013

ComOps Limited (ASX:COM) is pleased to advise that its recently announced rights issue (Rights Issue) closed on 15 November 2013.

Under the Rights Issue, eligible COM shareholders were offered the opportunity to subscribe for one (1) new fully paid ordinary share in COM for everyone (1) share held on the Record Date at an issue price of $0.015 per share.

The Company is pleased to advise that applications have been accepted for a total of 86,472,276 shares raising $1,297,084. Pursuant to the terms of the underwriting and sub-underwriting arrangements between the Board, Bligh Capital Securities Pty Ltd and Kestrel Capital Pty Ltd (Kestrel), a further 29,677,374 shares were allotted to Kestrel.

The Directors are also pleased to confirm that they have satisfied their sub-underwriting commitments.

Continue Reading 

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

22nd November 2013

The ComOps Limited Board of Directors is pleased to announce the appointment of Mr. Phillip Carter and Mr. Niall Cairns as new non‐executive directors of ComOps Limited.

Mr. Carter is a joint managing director of Kestrel Capital Pty Limited, the Sydney‐based private equity manager. Phillip has extensive experience developing and financing technology-rich industrials in Australia, Europe, and the USA. Recently, as chairman of Prism Group Holdings – a developer of enterprise management information systems software – he led the restructure and turnaround of its global operations and sale of the business to a US competitor, delivering significant returns to investors.

Previously, Phillip headed a leading UK‐based technology consulting and investment advisory practice managed by the InterTechnology Fund, recognised by the EVCA as one of the most active development capital funds in Europe. He is currently a non‐executive director of Goldminex Resources Limited and Sigtec Holdings Pty Ltd (Australia).

Continue Reading 

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

18 October 2013 

ComOps Limited (ASX:COM) is pleased to announce a partially underwritten pro-rata non‐renounceable rights issue (Entitlement Offer) of up to 150,644,348 fully paid ordinary shares on the basis of one new share for every one share held by shareholders on the record date at an issue price of $0.015 (1.5 cents) per share, to raise $2.26 million (before costs).

The issue price represents a discount of 48% to the closing price of ComOps’ shares on 17 October 2013. 

Bligh Capital Securities Pty Ltd ACN 131 668 810, a Sydney-based independent advisory and investment firm specialising in corporate finance and institutional equity and sales and research (Bligh Capital) has agreed to partially underwrite the Entitlement Offer up to a maximum of 112,983,261 shares. All of the ComOps directors have committed to take up a minimum of 50% of their entitlements and to sub-underwrite up to 48,636,131 shares if there is a shortfall under the Entitlement Offer. In addition, Kestrel Capital Pty Limited ACN 061 515 062, a shareholder of ComOps has committed to take up and cause its associate to take up all of their entitlements under the Entitlement Offer and to sub-underwrite 29,677,374 shares if there is a shortfall under the Entitlement Offer. 

Mr Peter Wicks, Chairman of ComOps commented “The Rights Issue offer by ComOps is at an attractive price for our shareholders and is designed to provide funds to be used to discharge the Company’s obligations to the Australian Tax Office and other creditors under agreed arrangements after which any residual funds will be used as additional working capital to enable the Company to pursue its corporate objectives”. 

Shareholders may also elect to participate in the shortfall facility and apply for new shares in excess of their pro rata entitlements under the Rights Issue.

Click Here to read the full Media Release - ComOps Ltd [COM] announces Non-Renounceable Rights Issue Offer to Raise Up to $2.26 million

Click Here to read - Appendix_03B

Click Here to read - Notice under section 708AA(2)(f) of the Corporations Act 2001