logo-loader
viewDomaCom Ltd

DomaCom directors show faith in company through entitlement offer participation

Five directors have acquired a total of 586,455 shares at 7 cents each in the $3 million pro-rata non-renounceable entitlement offer.

DomaCom Ltd - DomaCom directors show faith in company through entitlement offer participation
DCL is well placed to continue the development and integration of the DomaCom Platform

DomaCom Ltd (ASX:DCL) directors have demonstrated their confidence in the company’s innovative fractional investment platform through participation in a $3 million entitlement offer.

Five directors have purchased a total of 586,455 shares at 7 cents each in the pro-rata non-renounceable entitlement offer.

There was $833,700 raised from eligible shareholders with a further $325,131 raised through a shortfall offer while $1,840,259 of the underwriting facility has been called upon.

Director purchases

Non-executive chairman Grahame Evans acquired 215,554 shares and now holds almost 1.233 million shares in two indirect interests and a direct interest.

Executive director Ross Laidlaw purchased 142,857 shares in an indirect interest and holds more than 2.308 million shares in an indirect and a direct interest.

Graeme Billings, a non-executive director, acquired 107,699 shares and holds more than 616,000 shares in a direct and an indirect interest.

Non-executive director David Archbold acquired 81,502 shares and holds almost 465,000 shares in a direct and an indirect interest.

Peter Church, another non-executive director, purchased 38,843 shares and now holds 222,178 shares in a direct interest.

Fully underwritten

The equity raising has been fully underwritten by Ascot Securities.

Following the equity raising, DomaCom will be well placed to continue the development and integration of the DomaCom Platform and support the growth in sales in both the superannuation and retirement markets via its innovative products.

Quick facts: DomaCom Ltd

Price: 0.055 AUD

ASX:DCL
Market: ASX
Market Cap: $13.48 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of DomaCom Ltd named herein, including the promotion by the Company of DomaCom Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

DomaCom Ltd CEO talks growth in funds under management and looks ahead to...

DomaCom Australia Ltd’s (ASX:DCL) Arthur Naoumidis caught up with Proactive's Andrew Scott after reporting Funds Under Management (FUD) has grown by 10.4% since the start of the current quarter to $70.9 million. He says a new product they're launching now which is interesting investors...

4 days, 8 hours ago

2 min read