09/11/2006 - 14:43

ISS issues prospectus after fundraising shortfall

09/11/2006 - 14:43

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Nedlands-based information and technology company ISS Group Ltd has lodged a short-form prospectus with ASIC to support the issuing of 8.2 million shares to raise $1.5 million.

ISS issues prospectus after fundraising shortfall

Nedlands-based information and technology company ISS Group Ltd has lodged a short-form prospectus with ASIC to support the issuing of 8.2 million shares to raise $1.5 million.

The share issue covers a shortfall in the company's share purchase plan, which aimed to raise $2.1 million.

The company received applications from existing shareholders for just 2.9 million shares, raising $553,000.

The prospectus shares will be issued at 19 cents each to raise over $1.5 million, to support the company's expansion into the American and British markets.

The issue, which is not underwritten, opened yesterday and will close November 24.

 

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