Shaw and Partners appointed Lead Manager to the proposed capital raising by dorsaVi News21 Nov 2018

dorsaVi Ltd (ASX: DVL) is pleased to announce that it is undertaking a partly underwritten non-renounceable pro rata rights offer to dorsaVi’s shareholders in Australia and New Zealand to acquire 1 new ordinary share at $0.058 per share for every 3 existing fully paid ordinary shares held on Monday 26 November 2018.

 

 If the Offer is fully subscribed it will raise up to approximately $3.2m which the company intends to use for general working capital purposes.

 The Issue Price represents a:

  • 17.1% discount to dorsaVi’s closing share price on 20 November 2018 (the last trading day prior to this announcement); and
  • 13.5% discount to the 15-day VWAP of dorsaVi’s shares ending on 20 November 2018.

 

 All shares issued under the offer will rank equally with the existing shares of dorsaVi.

 

For more information please contact your Shaw and Partners Adviser. 

 

About dorsaVi

dorsaVi (ASX: DVL) is an ASX company focused on developing innovative motion analysis device technologies for use in elite sports, occupational health and safety and clinical applications. dorsaVi believes its wearable sensor technology enables – for the first time – many aspects of detailed human movement and position to be accurately captured, quantified, and assessed outside a biomechanics lab, in both real-time and real situations for up to 24 hours. Further information is available at www.dorsavi.com.

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