Section 708A Notice
Released
Released
Announcement PDF
ASX Release
20 September 2024
Section 708A (5) Notification
Spenda Limited (ASX: SPX, “the Company”) refers to the issue of 14,675,271 ordinary shares in the Company on 18 September
2024 and 264,462,810 ordinary shares in the Company on 20 September 2024.
The Corporations Act 2001 (the Act) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under
Section 708 or 708A of the Act. By the Company giving this notice, sale of securities noted above will fall within the exemption in
Section 708A (5) of the Act.
In accordance with section 708A (6) of the Act, the following information is provided:
a)
this notice is given within 5 business days after the day of the issue;
b)
the issue is without disclosure to investors under Part 6D.2 of the Act;
c)
this notice is given under section 708A(5)(e) of the Act;
d)
as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the
Company and section 674 and 674A of the Act; and
e)
as at the date of this notice, there is no excluded information to be provided in accordance with section 708A(7) and (8) of
the Act.
-ENDS -
About Spenda
Spenda Limited (ASX:SPX) is an integrated business platform that enables businesses across the supply chain to sell
better and get paid faster. Spenda is both a software solutions provider and a payment processor, delivering the essential
infrastructure to streamline processes before, during and after the payment event.
Spenda’s payments solution has three components – Software, Payments & Lending – and enables end-to-end einvoicing integration, rapid ordering, digital trust and automated reconciliation. Spenda creates an industry standard
operating environment (SOE) that enables the effective and seamless transfer of data from multiple, disparate software
systems in one standardised technology solution. Spenda combines five vendors into one solution with end-to-end
software integration as well as ledger-to-ledger integration to improve operational efficiency for all trading parties in the
supply chain.
Spenda captures transactions and payments through the value chain, generating layered revenue streams from SaaS,
both B2B and B2C payments and B2B supply chain finance. Spenda’s ability to analyse and understand payment flows
throughout these networks enables the Company to offer customised financing solutions to clients, in order to improve
their working capital efficiency and cash utilisation throughout their operations.
This announcement has been authorised by the Company Secretary.
Investor Enquiries
Please email: investors@spenda.co
For more information, see https://spenda.co/investor-centre/
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