Placements Successfully Completed

SECISSUE

Thu, Dec 02 2021 11:29 am

NZX Release

2 December 2021

PLACEMENTS SUCCESSFULY COMPLETED

On 29 November 2021 Geo Limited (NZX:GEO) (GEO) announced that its shareholders have approved both GEO’s second tranche private placement of 26,038,466 ordinary shares, and the eligible shareholder placement of 7,692,307 ordinary shares.

GEO is pleased to announce that it has today completed both of these shareholder approved placements, which, together with the placement of 20,276,581 ordinary shares on 6 October 2021, now concludes GEO’s approximately $7 million capital raising.
Surplus application amounts for the oversubscribed eligible shareholder placement will be refunded in accordance with the terms of the offer document.

GEO would like to thank investors for their strong support of the capital raising, which will be applied to accelerating the development of our GEO platform and supporting increased go-to-market investment and activities in both ANZ and international markets.

For more information:
Tim Molloy
Chief Executive Officer
Tel: +61 411 592 180
Email [email protected]

About GEO:
GEO is a leading SaaS business that provides smart software platforms for tradies, field and home service businesses. The market for GEO’s products is growing quickly as the global mobile workforce expands. GEO’s simple yet powerful software platform helps business owners reduce the complexity of running their business whilst saving time and improving cashflow. For more information: www.geoworkforcesolutions.com