TradeWindow announces capital raising of up to $10m

Tuesday 12th July 2022

Trade Window Holdings Ltd (TradeWindow) today announced its intention to raise up to approximately $9 million via a private placement of shares to select institutional and other select investors (Placement) along with an approximately $1 million Share Purchase Plan (SPP).

TradeWindow Chair Alasdair MacLeod said: "The opportunity for TradeWindow is significant as global trade undergoes game-changing transformation at an increasing pace. TradeWindow is well positioned to build on its strong track record and recent acquisitions to take advantage of growth opportunities in key markets. This first capital raising as an NZX listed company will enable TradeWindow to continue to execute its growth strategy and capitalise on both organic and acquisition opportunities."

The proceeds will be used to drive organic growth in New Zealand and Australia, build the global trade platform and accelerate global expansion opportunities through acquisitions. The proceeds will also partially fund the acquisition of Rfider .

Equity raising details

The Placement will be conducted over the course of today and tomorrow, with new shares issued at a fixed price of $0.70 per share, representing a 30.7% discount to the closing price of $1.01 on Monday, 11 July 2022.

The SPP will allow all eligible shareholders with a registered address in New Zealand on the record date to apply for up to $15,000 of new shares in TradeWindow. The issue price of the new shares under the SPP will be the lower of the Placement price and a 2.5% discount to the volume weighted average price of TradeWindow shares traded on the NZX during the five trading days up to, and including, the end of the SPP offer period. The SPP offer opens on Thursday, 14 July 2022.

The Offer enables all existing shareholders to participate through either the Placement or the SPP (except where restricted due to legal constraints), and should scaling be required, it will be by reference to existing shareholdings on the record date.

The new shares issued under the Offer will rank equally with existing TradeWindow shares on issue.

Indicative timetable

Event Date

Announcement of equity raising 12 July 2022

Placement opens 10.00am (NZ time), Tuesday,

12 July 2022

Placement closes 3.00pm (NZ time), Wednesday,

13 July 2022

Trading halt lifted Thursday, 14 July 2022

Settlement of Placement Wednesday, 20 July 2022

Share Purchase Plan (SPP)

Record date 5.00pm (NZ time), Monday, 11

July 2022

SPP opens Thursday, 14 July 2022

Entitlement letters shareholders Thursday, 14 July 2022

SPP closes 5.00pm (NZ time), Monday, 25

July 2022

SPP results and issue price Thursday, 28 July 2022

Settlement of SPP Friday, 29 July 2022

The dates are subject to change and are indicative only. TradeWindow reserves the right to alter the key dates, subject to applicable laws and NZX Listing Rules.

Further information

For further information in respect of the Offer, please refer to the capital raising presentation attached to this announcement.

TradeWindow will host a group conference investor call this morning at 10 am NZST to discuss the Offer. Please register using the link below:

https://ccmediaframe.com/?id=xW6kRLEh

Once registered, you will receive a calendar invite with further instructions. Should you register during the conference call, you will be directed straight to the presentation.

More investor information about TradeWindow, including the Listing Profile and investor presentation, is available at www.nzx.com under the ticker "TWL".

ENDS

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