Shaw and Partners is pleased to be appointed as Joint Lead Manager to the proposed capital raising by Family Zone Cyber Safety Ltd (ASX.FZO)

Family Zone Cyber Safety is proposing to raise approximately $42 million by way of a Placement of up to approximately 123.5 million new ordinary fully paid shares issued at $0.34 per security.

The Placement will be conducted in two tranches:

• Tranche 1 (Unconditional Placement) of up to 91.0 million new Securities to raise approximately $30.95 million,
• Tranche 2 (Conditional Placement) of up to 32.5 million new Securities to raise approximately $11.05 million to be issued subject to Shareholder Approval at a meeting of shareholders expected to take place in early to mid-June 2022.

The offer price of $0.34 per security represents a 17.1% discount to the Company’s last traded price on the ASX on Friday, 29 April 2022 (A$0.41), a 23.30% discount to the 5-day VWAP (A$0.443) and a 25.2% discount to the 10-day VWAP (A$0.454).

Funds from the placement will be applied towards: funding the acquisition and integration of Qustodio; strengthening the FZO balance sheet to support additional growth and corporate opportunities; and for working capital to fund the Company to break even.

The placement is fully underwritten by the Joint Lead Managers.

Family Zone is the world's leading cyber safety software, offering the only solution to protect kids at home, on the go and at school. Learn more https://www.familyzone.com/anz/families

For ore information about the capital raising please contact your Shaw and Partners Adviser.