Share Purchase Plan Results
| Stock | Findi Ltd (FND.ASX) |
|---|---|
| Release Time | 22 Apr 2025, 5:22 p.m. |
| Price Sensitive | Yes |
Findi Ltd announces Share Purchase Plan results
- $4.55 million raised through Share Purchase Plan
- 1,136,750 new shares to be issued
- Funds to be used for ATM deployment, White Label rollout, and Piramal CCD restructuring
Findi Limited (ASX: FND), a digital payments and financial services provider, has announced the results of its Share Purchase Plan (SPP). The SPP closed on 11 April 2025 with total accepted subscriptions amounting to $4,547,000. A total of 1,136,750 fully paid ordinary shares will be issued to applicants under the SPP. The company has also agreed to place an additional $453,000 via a Placement on the same terms as the SPP, with shares being issued on the same day. The funds raised under the SPP and Placement will be used for the following purposes: 1) Capex requirements for deploying the additional 2,293 ATMs under the new State Bank of India agreement, alongside existing cash reserves and debt facilities; 2) Acceleration of the White Label ATM rollout post the TCPSL acquisition, facilitating expanded deployment and market growth; and 3) Costs to restructure the Piramal CCDs. Executive Chairman, Mr Nicholas Smedley, expressed gratitude for the ongoing support of shareholders, particularly during this period of growth, and noted the company's anticipation of its proposed Indian IPO of TSI, where they hope to be the first Australian-owned company listing in India with a unicorn status.