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QED Occtech share placement

FUNDS raised from a share placement to clients of local stockbroker Hartleys will help co-producers of electronic transaction technology, QED Occtech, develop production for the company’s interest in Transaction Solutions International (TSI). The $600,000 capital raising will be achieved through the issue of 15 million shares at 4 cents each. TSI is a business focused on the commercialisation and deployment of transaction payments hardware, including ATMs and EFTPOS in Asia. TSI expects a joint venture it recently entered into with Indian-based Securitrans will enable it to enhance market penetration in the ATM and EFTPOS sectors in the short term. QED’s shareholders approved in late 2004 the acquisition of a 35 per cent minority interest in TSI, which included a requirement for QED to provide additional working capital instalments. This latest capital raising follows one undertaken by QED in February in which it raised $500,000 in a placement of 50 million shares at 1 cent each to clients of Kirke Securities.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
thParkd0%0%
545thPrimary Gold-16%-15%
737thTransaction Solutions International-53%6%
783rdeSense-Lab-66%0%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/07/17
$5k Bought
15/09/10
$13k Bought
15/09/10
$5k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

197th↓Transaction Solutions International$40k
215th-eSense-Lab$0
219th-Nanollose$0
221st-Parkd$0
222nd↓Primary Gold$0
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Transaction Solutions International

561stGary Foster$236k
Ranked by total remuneration from all listed WA companies

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