Notice under ASX Listing Rule 3.10A

23 August 2022

ASX / NZX RELEASE

Notice under ASX Listing Rule 3.10A

Harmoney Corp Limited (ASX:HMY) (Harmoney or the Company), advises that, in accordance with ASX Listing Rule 3.10A, the following securities will be released from voluntary escrow:

Number of securities Class of security Release date
16,433,293 Fully paid ordinary shares 1 September 2022

To facilitate the Company’s initial public offering (IPO) and listing on the ASX and NZX, certain security holders agreed to place the above securities into voluntary escrow until after the Company's full year results for the financial year ending 30 June 2022 are released to ASX and NZX. This is the final release of escrowed securities in relation to the Company’s IPO and, as of 1 September 2022, no securities in the Company will remain in escrow.

For queries please contact:

Corporate/Investors
David Stevens
CEO & Managing Director
[email protected]

Investors
Adrian Mulcahy
Investor Relations
[email protected]
+61 438 630 422

ABOUT HARMONEY

Harmoney is the only 100% consumer-direct personal lender operating across Australia and New Zealand. Harmoney provides customers with unsecured personal loans that are fast, easy, competitively priced (using risk-adjusted interest rates) and accessed 100% online.
Harmoney’s purpose is to help people achieve their goals through financial products that are fair, friendly, and simple to use.
Harmoney’s proprietary digital lending platform, Stellare® is the power behind the platform. Stellare® can process, approve and fund most loan applications within 24 hours. Stellare® also replaces the traditional industry credit scorecard with Libra®, our predictive behavioural analytics engine. Libra® uses machine learning to analyse our rich, direct consumer data to deliver automated credit decisioning and superior risk-based pricing.

BUSINESS FUNDAMENTALS
• Harmoney provides risk based priced unsecured personal loans of up to $70,000 to consumers across Australia and NZ
• Its 100% consumer-direct model and automated loan approval system is underpinned by Harmoney’s scalable Stellare® proprietary technology platform
• A large percentage of Harmoney’s originations come from existing customers with no customer acquisition cost
• Harmoney is comprised of a team of ~80 full-time employees predominantly based in NZ, half of whom comprise engineering, data science and product professionals
• Harmoney has a highly diversified funding panel which includes warehouses being provided by three of the “Big-4” bank banks across Australia and New Zealand and in addition in October 2021 has issued its first asset backed securitisation which was publicly rated by Moody’s.

For further information visit https://www.harmoney.co.nz/ or https://www.harmoney.com.au/

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Announcement PDF