Integrated Payment Technologies Limited (ASX:IP1) (InPayTech) today launched a 1 for 1 accelerated non-renounceable pro rata entitlement offer of fully paid ordinary shares in InPayTech to raise up to $1.544 million (up to $0.770 million in the institutional component and $0.774 million in the retail component) (Entitlement Offer). The Entitlement Offer is being undertaken at an offer price of $0.01 per share (Offer Price).
The Offer Price of $0.01 per share represents a 41.2% discount to the closing price of InPayTech shares of $0.017 per share as at 9 April 2019, the last day before the Entitlement Offer was announced, a 42.9% discount to the volume weighted average price (VWAP) and a 25.9% discount to the theoretical ex- rights price (TERP).
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