Offer closed

TRAC Group Holdings – An award winning innovative and sustainable Australian company

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Company Overview

Trac Group designs, supplies and distributes innovative and sustainable roofing solutions, protected by an intellectual property portfolio. TractileTM Products are large format, lightweight, high strength, flat profile roof tiles and solar roof tiles w ith solar photovoltaic (electricity) and thermal (hot water) capacity integrated into the tiles.

The Tractile Interlocking Roof System is a new combination of materials and system technology providing high performance and cost effective roof tile and wall panel solutions. The product services the fast growing demand for sustainable roofing solutions across all segments of the building and constructions industry from residential to industrial.

Reason for Capital Raising

Trac Group has completed research and development, invested in intellectual property and developed award-winning products. Trac Group is now raising money to take its products to the market.

The Company expects that, on Completion of the Offer at the minimum subscription level, it will be able to:

  • Increase sales growth and build brand value in the Australian market
  • Launch the TractileTM Products range nationally
  • Commence planning the roll-out internationally into selected roofing markets at a speed and scale consistent with available funds and
  • Use a small proportion of the funds to assist in developing or securing the next generation of innovative technologies.

Offer Summary

Trac Group Holdings Ltd (A.C.N. 115 007 540) Initial Public Offer of up to 26,000,000 fully paid ordinary shares at an issue price of $0.25 per share to raise up to $6,500,000 with a minimum subscription of $3,500,000.

The Offer is made under the Prospectus lodged with the Australian Securities and Investments Commission on 10 December 2015.

Details of Bookbuild
ASX Ticker CodeTRCXBB
Total offerA minimum of $3,500,000 up to a maximum of $6,500,000
Shares offeredUp to 26,000,000
Available via Book Build$1,000,000
Issue price0.25c
Offer open11am AEDT, 18 January 2016
Offer close3pm AEDT, 27 May 2016
Expected settlement31 May 2016
TRC commences trading7 June 2016
Stamping fee4%
Lead ManagerHalifax Investment Services Limited
Technical Lead ManagerCMC Markets Stockbroking
Company websitetractile.com.au

CMC Markets Interview with Jason Perkins, CEO of Tractile

Introducing Trac Group

Download a copy of the Prospectus

How to apply

For existing CMC Markets customers

For new customers

  • Carefully read the replacement prospectus and ASX BookBuild Client Agreement
  • Complete a CMC Markets account application form
  • Once your account has been approved, log in to the trading platform and apply online
  • Ensure you have sufficient funds in your linked cash account for settlement

What happens next?

  • On receipt of your application CMC Markets will enter your order in security code TRCXBB into the market via the ASX BookBuild process on your behalf
  • CMC Markets will then forward your application form to Computershare Investor Services
  • If you are successful in securing an allocation it is expected holding statements will be despatched on 26th February 2016
  • You can cancel or amend the quantity of the order by calling CMC Markets on 1300 136 323

IMPORTANT INFORMATION

Disclaimer

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 does not constitute personal financial advice. You should seek your own independent legal, taxation or investment advice as appropriate before making an investment decision.​

Anyone who wants to acquire shares in Tracgroup will need to carefully consider the offer and complete the CMC Markets Bookbuild Agreement and Sophisticated Certification available from our website 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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