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MainstreamBPO is a leading Australian-based managed fund administrator servicing fund managers, superannuation trustees and listed companies in Asia-Pacific. The company administers 270+ funds with $50 billion in assets under administration, supporting more than 110,000 investors.
The company operates three main business units:
The company delivers services using recognised industry specific software and proprietary processes.
MainstreamBPO earns fees from contracts with investment managers, superannuation trustees and listed companies. The key drivers of revenue include:
This revenue is predominantly recurring, comprising of monthly service fees.
The purpose of the Offer is to:
Following Completion of the Offer, the Directors believe MainstreamBPO will have sufficient working capital to carry out its stated objectives.
|ASX Ticker code:||MAIXBB|
|Total offer:||$5,000,000 (min), $10,000,000 (max)|
|Available via ASX Bookbuild:||$1,000,000|
|Issue price:||$0.40 (fixed price) for one (1) share|
|Lead manager:||Bligh Capital Securities Pty Ltd|
|Technical lead manager:||D2MX Pty Limited|
|Access:||Can be accessed via ASX ticker MAIXBB|
|Offer open:||Thursday 27 August, 2015|
|Offer close:||12:00pm (AEST) Tuesday 15 September, 2015 (NB. The Company reserves the right to close the offer early)|
|Expected settlement date:||18 September 2015|
|Minimum allocation amount:||$2,000|
|Minimum bid:||$2,000 ($500 increments thereafter)|
The above information has been extracted from multiple sources including the issuing company's website and the prospectus.
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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: www.asx.com.au/documents/professionals/ASX_Bookbuild_Brochure.pdf
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Thank you! You can download the prospectus here