Share Purchase Plan
The SPP is available to shareholders who are on the MNF share register at close of business on 18 October 2018 and who have a registered address in Australia or New Zealand (Eligible Shareholders).
Eligible Shareholders will have the opportunity to purchase shares in MNF at $4.40 per share, representing a 3.3% discount on the prior 5 day volume weighted average price (VWAP) which is $4.55.
Funds raised from the Share Purchase Plan will be used to reduce debt and for the company's working capital.
The SPP offer will open on Thursday, the 25th of October 2018 and will close on Thursday, the 8th of November 2018.
The SPP Offer Booklet and application form will be lodged with the ASX and sent to all Eligible Shareholders on 25 October 2018.
This SPP is not underwritten and there will be no further placement of shares at this time.
About MNF Group Ltd
MNF Group Limited (ASX:MNF) is an integrated telecommunications software and network provider, specialising in Internet communications. MNF Group was founded in 2004 and listed on the ASX in 2006. The company has 73.4 million shares on issue and has operated profitably since 2009 paying dividends to its shareholders every six months since September 2010.
The Group operates a global Smart Network carrying over 6 billion voice minutes per annum, with Points of Presence (POPs) in Los Angeles, New York, Hong Kong, Singapore, London, Frankfurt, Sydney and Auckland. Domestically, the Group operates the largest, fully interconnected IP Voice network in Australia.
MNF Group has a reputation for quality, value and innovation, being the recipient of numerous awards including the ACOMMS award for innovation (2017, 2016), Edison Award (2017), the Australian Growth Company Awards (2016), the iAwards for Innovation (2016), Forbes Asia's 200 Best Under a Billion (2014 & 2015), Deloitte Technology Fast 50 (2008, 2009, 2010, 2012, 2013, 2014) and CeBIT Outstanding Project Award (2013), and many more.
MNF Group companies includes retail brands: MyNetFone, Connexus, CallStream, PennyTel and The Buzz; conferencing brands Ozlink, Eureka, Express Virtual Meetings and wholesale brands TNZI, Symbio Networks and iBoss.
For further information about MNF Group Limited please visit: http://mnfgroup.limited/
MNF Group Ltd