Current Floats and Capital Raisings
Novus Capital Limited has been appointed as Sponsoring Broker to My ATM Holdings Limited to raise capital for the impending Initial Public Offering on the Australian Securities Exchange. My ATM operates in the ATM market and has two main business units:
The ATM market has experienced significant change after reforms were introduced by the Reserve Bank of Australia in March 2009 allowing ATM owners to charge a direct fee to any cardholder who uses their ATM. According to the latest available Reserve Bank of Australia’s statistics (March 2009 to February 2010 ), the Company estimates that on an annual basis, all ATMs in Australia generate over 834.7 million transactions (a monthly average of 69.5 million) at a total value of $150.7 billion (a monthly average of $12.5 billion). Since commencing operations in early 2009, My ATM has already completed the sale of 1,349 ATMs while Aussie, which commenced operations in mid 2009, has a fleet (“network”) of 474 ATMs. In 10 months of operation approximately $19million of revenue has been generated with $2million in profits. An exciting expansion plan is devised in order to further grow the business and in time become the market benchmark. My ATM benefits by being able to generate income for the Company by charging customers for the use of My ATM’s Automatic Teller Machines (“ATM”), whilst at the same time providing a unique platform from which individuals, investors or small businesses can benefit from owning an ATM business which generates further income for My ATM. My ATM Holdings Limited is seeking to raise up to $10 million through an Offer of up to 50,000,000 Shares at an issue price of $0.20 per Share (Issue Price). The minimum application is $2,000 (or 10,000 Shares) and thereafter in multiples of $500 (or 2,500 Shares). An application will be made to ASX not later than 7 days after the date of the Prospectus for the Company to be admitted to ASX and for official quotation of the Shares. This Prospectus provides the opportunity to participate in the initial public offering (IPO) of Shares in the Company, subject to the Minimum Subscription being achieved. For further enquiries please contact Cleo Nanni on +61 3 8602 1701 |
