Shaw and Partners appointed as Joint Lead Manager to the capital raising by Family Zone Cyber Safety Corporate02 May 2022

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. 

 

 

 

Related Articles
Corporate27 Jun 2025 Shaw and Partners appointed Joint Lead Manager to the Bannerman Energy capital raising
Congratulations to Bannerman Energy Ltd (ASX: BMN) on successfully completing their A$85 million capital raising to progress the Etango Project towards Final Investment Decision (F... Read More
Corporate16 Jun 2025 Shaw and Partners appointed as Joint Lead Manager and Bookrunner to a capital raising by Hazer Group
Shaw and Partners is pleased to have been appointed as Joint Lead Manager and Bookrunner to a capital raising by Hazer Group Limited (ASX.HZR). Hazer raised A$8.0 million via an i... Read More
Corporate16 Jun 2025 Shaw and Partners appointed as Lead Manager and Bookrunner to the capital raising by Boab Metals Limited
Shaw and Partners was pleased to be appointed as Lead Manager and Bookrunner to the capital raising by Boab Metals Limited (ASX:BML). The Company raised A$6 million by way of a Si... Read More
Corporate31 Mar 2025 Shaw and Partners appointed as Joint Lead Manager to the 360 Capital Mortgage REIT Offer
Shaw and Partners is pleased to be appointed as Joint Lead Manager to the $11m 360 Capital Mortgage REIT (ASX:TCF) Entitlement Offer & Wholesale Shortfall Offer. TCF is propo... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%