Shaw and Partners appointed as Lead Manager to an equity capital raising by Dubber Corporation News15 Oct 2020

Shaw and Partners is pleased to be appointed as Lead Manager to the capital raising by Dubber Corporation Limited (ASX: DUB)


The company is undertaking an unconditional placement of approximately 27.3 million new ordinary fully paid shares at $1.10 per security to raise $30.0 million with the ability to take oversubscriptions capped at $34.0 million.


In addition, Dubber will offer all existing eligible shareholders (being those on the register at 7.00pm AEDT on the trading day before the Offer is announced to ASX) the opportunity to subscribe for new shares up to a maximum of A$30,000 per shareholder under a Share Purchase Plan (“SPP”). The SPP will be capped at $6.0 million, subject to change at the discretion of the Company.


New shares issued under the Offer and the SPP will rank pari passu with existing shares.


The offer price represents a 12.0% discount to last close of $1.250 and a 2.5% discount to 5-day VWAP of $1.129.


Dubber will utilise the proceeds of the offer to support the increased sales pipeline and activity in overseas regions; increase R&D activity to meet customer demand for AI applications and enhance balance sheet flexibility for potential strategic acquisitions.


The offer is available to Australian resident Sophisticated and Professional Investor clients only.


For more information please contact your Shaw and Partners Adviser.


About Dubber Corporation

Dubber Corporation Limited (“Dubber”, “DUB” or “the Company”) (ASX: DUB) is globally recognised as the Cloud Call Recording and Data Capture platform for Communications Service and Solution Providers and as integral to their Unified Communications offering. Dubber's unique technology enables call recording to be delivered as a service and turns voice calls into data enabling broad-reaching AI services to be deployed at scale directly from a Carrier network – or from inside a Solution Providers infrastructure. Dubber services are presented either in the brand of the Carrier or as Dubber products. Founded in 2011, Dubber is headquartered in Melbourne, Australia, with operations in the USA and Europe.

Related Articles
News22 Jan 2021 Shaw and Partners becomes an official sponsor of Brumbies Rugby
Shaw and Partners is excited to announce that we have today joined the Brumbies Rugby team as an Official Sponsor.   Founded in 1996, the Brumbies are an Australian professional Ru... Read More
News22 Jan 2021 Shaw and Partners adds two directors to corporate finance team
Shaw and Partners has kick-started 2021 with two new hires in its corporate finance team.   Street Talk understands the firm has added ex-Citi and Luminis operative David Paton, an... Read More
News13 Jan 2021 Shaw and Partners Brand Ambassador Jordan Mercer features on Channel 10’s Road Less Travelled
Shaw and Partners Race Team member and Ironwoman champion Jordan Mercer was recently featured on Channel 10’s Road Less Travelled.   Jordan is a remarkable role model for aspirin... Read More
News17 Dec 2020 Quadrant mandates UBS, Jarden for $500m Grays Online float with Shaw and Partners tapped as Co-Manager
Quadrant Private Equity has mandated investment banks UBS and Jarden to float its online auctions house, Grays Online.   Sources said Shaw and Partners had been tapped as co-mana... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%