Offer closed
Read more about IPOs and placements with CMC Markets Invest
Goldminex Resources Limited (GMX.ASX ) an exploration company with a focus on deposits in Papua New Guinea has been listed on the ASX since 2007. On completion of the capital raising GMX.ASX will acquire the Enzumo Group and then be renamed to Enzumo Limited thus transforming the company from gold exploration company into a growing financial technology company.
Enzumo is a financial technology and e-learning business focusing on the highly regulated Australian financial planning and advisory industry. Enzumo is a highly successful Xplan customisation group in Australia with an established customer base that includes MLC, a division of NAB and ANZ Bank.
The majority of Enzumo’s revenue is derived from licenses, support and maintenance and subscriptions.
Enzumo markets and distributes its solutions, building long term direct relationships with its customers. The acquisition will enable Enzumo to expand its capability significantly.
**Early closure of ASX BookBuild facility for Enzumo offer**
Please note that Goldminex Resources Limited (ASX:GMX) announces that its Enzumo General Offering through the ASX BookBuild facility will no close at 3pm on Monday, 20 April 2015. Applications under the General Offering however, will still be accepted until the close of the Offer at 5pm (AEST) on Thursday, 23 April 2015
| InvesIssue price: | $0.20 |
| Minimum bid: | 10,000 new shares ($2,000) then in multiples of 1,000 new shares ($200) thereafter |
| Number of shares: | 26,250,000 |
| Amount to be raised: | $5,250,000 |
| Market capitalisation at offer price (20 cents): | $10,505,877 |
| Offer open: | 20 March, 2015 |
| ASX BookBuild open: | 7 April, 2015 |
| ASX BookBuild close: | 3pm (AEDT) 20 April 2015 |
| Offer close: | 23 April, 2015 |
| Settlement date: | 29 April, 2015 |
| Re-quotation of shares on ASX: | 5 May, 2015 |
| Stamping fee: | 4% |
| Technical lead manager: | CMC Markets Stockbroking Limited |
| Access: | All brokers via ASX Book Build (ASX code GMXXBB) |
| Issuer website: | https://www.enzumo.com/ |
Enzumo is a growing Australian financial technology and e-learning company providing the financial planning and advisory industry with software and workflow solutions, e-learning management systems and content.
Enzumo is Australia’s largest and most experienced Xplan customisation group helping corporates, dealer groups and financial planners maximise the power of Xplan effectively.
Goldminex Resources Limited (GMX.ASX) an exploration company with a focus on deposits in Papua New Guinea has been listed on the ASX since 2007. On completion of the capital raising GMX.ASX will acquire the Enzumo Group and then be renamed to Enzumo Limited thus transforming the company from gold exploration company into a growing financial technology company.
The customer base of Enzumo includes National Australia Bank’s National Wealth Management and MLC divisions (NAB), ANZ Bank (ANZ), Centrepoint Alliance, Equity Trustees and a range of other financial planning dealer groups and independent financial planning practices. The intention is to expand the customer base over the next few years.
Enzumo generates revenue as follows:
The majority of Enzumo’s revenue is derived from licenses, on-going support and maintenance and subscriptions.
Yes, Enzumo has a track record of strong growth in revenue (>50% license and Software as a Service (SaaS) revenue) and EBITA. Enzumo has a strong balance sheet with no debt and significant cash reserves.
| June year end | Pro Forma FY2012 $'000 | Pro Forma FY2013 $'000 | Pro Forma FY2014 $'000 | Pro Forma HY2015 $'000 |
|---|---|---|---|---|
| Revenue | 1,763 | 2,379 | 2,374 | 1,656 |
| EBITDA | 191 | 8 | 158 | 582 |
| EBIT | 158 | (13) | 143 | 576 |
| NPAT | 149 | (13) | 143 | 575 |
The pro forma historical consolidated financial performance of Enzumo has been compiled from the audited and unaudited financial information of each of the following individual entities Enzumo Admin Pty Ltd, Enzumo Group Pty Ltd as trustee of the eLMS Solutions Unit Trust and Enzumo Group Pty Ltd as trustee of the Enzumo Consulting Unit Trust for the following periods, FY2012 (unaudited), FY2013 (audited), FY2014 (audited)
and HY2015 (unaudited) (refer to Section 7.2 for the basis of preparation).
Proceeds from the capital raising will be used to finalise the acquisition of Enzumo and assist in the expansion the business through further market and product development whilst also allowing for further acquisition opportunities.
Following completion of the Acquisition, the Company does not expect to pay a dividend in the near term and funds raised will be allocated to the growth and development of the business. The Board will review the dividend policy on a regular basis. Any future payment of dividends will be at the discretion of the Board.
For existing Goldminex shareholders
Existing GMX shareholders are entitled to a pro rata non-renounceable entitlement offer of one (1) New Share for every GMX Share held on the Record Date on a post-Consolidation basis, at an issue price of 20 cents per New Share.
For new investors
The Company is inviting applications from the public to issue New Shares at an issue price of 20 cents each.
The minimum application amount is $2,000 and in multiples of $200 thereafter. Application amounts are subject to potential scaleback should the offer be oversubscribed.
The maximum number of New Shares to be issued under the offer is 26,250,000 New Shares, to raise $5,250,000. This is also the minimum subscription.
The expected market capitalisation at the offer price of 20c per share will be $10,505,877
Confirmations of successful Application in the form of holding statements are expected to be despatched by post on or around 4 May 2015.
Step 1. Carefully read the prospectus and the ASX Book Build Client Agreement
Step 2. Log on to the CMC Markets Invest platform and apply online
Step 3. Ensure you have sufficient funds in your linked cash account for settlement
Step 1. Carefully read the prospectus and ASX BookBuild Client Agreement
Step 2. Complete a CMC Markets Application Form
Step 3. Once your account has been approved, log in to the CMC Markets Invest platform and apply online
Step 4. Ensure you have sufficient funds in your linked cash account for settlement
Step 1. Each client will need to open an account with CMC Markets Invest
Step 2. Once the account has been approved, log on to the CMC Markets trading platform and submit your bid online
Step 3. Ensure there is sufficient funds in the linked cash management at settlement
Step 4. You can choose to keep your account with CMC Markets or transfer your holding to your existing broker at nil cost (assuming there is no change in beneficial ownership and registered details match exactly with your existing broker)
ASX BookBuild is an additional tool for brokers and investment banks can use when advising listed entities, or entities seeking to list, on how to price and allocate new securities.
ASX BookBuild utilises existing ASX systems and infrastructure. It is aimed at providing a bookbuild process that provides the opportunity for all eligible investors and ASX participants (brokers) to participate in the bookbuild.
ASX BookBuild enables issuers and lead managers to capture all-of-market demand. It combines the most effective capital raising practices with principles of market integrity from the secondary market. This will produce better price discovery and corporate governance outcomes for all market participants.
Yes. You can also apply directly through issuer.
For a copy of the prospectus visit www.enzumo.com.au
No brokerage, commission or duty is payable by an Applicant for acquisition of New Shares under the Offers.
Yes, to cancel or amend the quantity of your bid call CMC Markets Dealing team on 1300 136 323 before 5pm Wednesday, 22 April 2015.
| General offer opens | 20 March 2015 |
| Record date for the consolidation | 20 March 2015 |
| Notice of revised, post consolidation holdings sent to shareholders | 27 March 2015 |
| Notice of entitlement offer sent to shareholders | 31 March 2015 |
| Ex date for the entitlement offer | 11 April 2015 |
| Record date for for eligible shareholders to participate in the entitlement offer | 7 April 2015 |
| ASX Book Build opens | 7 April 2015 |
| Entitlement offer opens | 9am (AEDT) 9 April 2015 |
| ASX Book Build offer close | 3pm (AEDT) 20 April 2015 |
| Offer closes | 5pm (AEDT) 23 April 2015 |
| Settlement date | 29 April 2015 |
| Expected allotment date | 30 April 2015 |
| Expected despatch of holding statement | 4 May 2015 |
| Re-quotation of shares (including new shares) | 5 May 2015 |
If we can be of further assistance please call or email our Broker Services team on 1300 557 561 or brokingservice@cmcmarkets.com.au
The above information has been extracted from multiple sources including the issuing company's website and the prospectus.
CMC Markets does not endorse any material, recommendations, commentary, analysis, trade suggestions or external research discussed or distributed by or on behalf of any external Company or provider and does not accept any responsibility for any claims, liability, loss or damage arising out of or in connection with any external Company or provider. The information contained in this website and offer document does not constitute personal financial advice. We recommend you review all disclosure material and seek your own independent legal, taxation or investment advice as appropriate before making an investment decision. CMC Markets Invest is not licensed to provide you with margin lending related services or advice.
Anyone who wants to acquire shares will need to carefully consider the offer and complete the CMC Markets Bookbuild Agreement before placing a trade.
For more information on ASX Bookbuilds please visit the ASX fact sheet at: asx.com.au/documents/professionals/ASX_Bookbuild_Brochure.pdf
CMC Markets Stockbroking is the trading name of CMC Markets Stockbroking Limited (ABN 69 081 002 851 AFSL No. 246381), Participant of the ASX Group. Please refer to our Terms and Conditions for more information about the stockbroking services and our Financial Services Guide for information about fees and charges. These documents are available from cmcmarkets.com.au or by calling 1300 360 071. You should consider your own investment objectives, financial situation and particular needs before acting on any information provided.
