Conversion of Options raises $10.7 million
Released
Released
Announcement PDF
30 January 2024
ASX ANNOUNCEMENT: FND
FINDI LIMITED (ASX: FND)
Conversion of Options raises $10.7 million
Digital payments and financial services provider Findi Limited (ASX: FND) (Findi or the
Company) is pleased to announce that it has received $10.7 million in cash and issued
11,942,609 fully paid new shares in the Company, through the conversion of 11,942,609 listed
options (ASX: FNDOB), each having an issue price of $0.90 per share. The remaining 6,289,678
listed options have expired unexercised.
Findi now has 48,801,221 shares on issue.
Findi Chairman Mr Nicholas Smedley commented: “The option conversion was strongly
supported by existing shareholders and is a clear endorsement of Findi’s strategy and the
results being delivered by the Board and Management Team.
“These funds, together with the funds raised from the Piramal Alternatives placement in
November 2023, ensure that Findi is well capitalised and provides flexibility with respect to
pursuing growth and scale through accretive acquisitions, the expansion of the FindiPay
footprint and product offering and the roll-out of white label ATMs.
“Our application for a white label ATM licence remains before the Reserve Bank of India and
we remain confident that the licence will be granted in the near term.”
Findi has expanded rapidly in India during the past 12 months, including an acceleration of
growth in its merchant footprint, GTV and ATM network.
Authorised for release by the Board of Findi Limited.
Investor Enquiries
Nicholas Smedley, Chairman
0447 074 160
nsmedley@findi.co
Media Enquiries
John Hurst, Tribune Partners
0418 708 663
jhurst@tribunepartners.com.au
Level 4, 90 William St, Melbourne, Victoria, 3000, Australia
www.findi.co ABN 98 057 335 672
Share your feedback
Discover