Finsure Transaction Completion
Perth, Sep 17, 2018 AEST (ABN Newswire) - Goldfields Money Limited (
ASX:GMY) ("Goldfields Money" or the "Company") is pleased to announce that the Finsure Transaction is expected to complete today.
As part of the Finsure Transaction, 40,750,000 Goldfields Money shares will be issued to Finsure shareholders and 15,385,000 Goldfields Money shares will be issued to international and local institutional and professional investors as part of a ~$20.0 million placement (refer ASX announcement of 4 September 2018). The Company is also pleased to confirm the receipt of APRA's confirmation that the Treasurer's approval conditions for the acquisition have now been met. Further announcements will be made once the new Goldfields Money shares have been issued under the Finsure Transaction and placement.
Goldfields Money CEO Simon Lyons said this is an exciting time in the Company's history and is looking forward to pursing the growth opportunities that are available to the merged group.
"We welcome new Goldfields Money shareholders to our register and look forward to growing the business for the benefit of new and existing shareholders alike," Mr Lyons said.
If you require assistance, you can call the Goldfields Money Shareholder information line on 1300 308 375 (within Australia) or +61 8 6314 6314 (outside Australia) at any time between 9:00am and 5:00pm (AWST) on Monday to Friday.
About Goldfields Money Ltd
Goldfields Money (ASX:GMY) is Australia's new revolutionary digital bank, distributing first class products through a largely branchless distribution network. A bank without the bank. This digital banking platform is built on the recently implemented mobile first, world class core banking system provided by Temenos and our proprietary mortgage distribution software "Loankit".
Goldfields is ASX listed (ASX:GMY) with two key divisions:
Banking (operates under "Goldfields Money" and "Better Choice" brands) - an APRA regulated bank that offers deposit and loan products that are funded either on-balance sheet or off-balance sheet through a range of third party lenders. Our deposits are all guaranteed by the Australian Government Deposit Guarantee for up to $250,000 per customer. We are the new approach to banking in Australia, we're honest, with transparent bank practices and a straightforward approach to you and your money. It's all yours, honestly.
Mortgage Aggregation (operates under "Finsure" and "Loankit" brands) - an ASIC regulated mortgage aggregation and software technology platform with over 1,475 loan writers as of 31 August 2018. Finsure puts brokers first and is a leader in the market in offering a diverse lending panel, flexible commission models, training, lead generation, proprietary SaaS and mortgage broker support services. Finsure was also recently named Aggregator of the Year for 2017 at the Australian Mortgage Awards.
You can read more about us at www.goldfieldsmoney.com.au and www.finsure.com.au.
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