ASX Announcement
For personal use only
21 April 2022
SHAREHOLDER UPDATE PRESENTATION
Invigor Group Limited (ASX:IVO) ("Invigor" or "the Company") has released the following operations update presentation for shareholders.
Approved and authorised for release by the Executive Chairman Gary Cohen
For further information, please contact:
Gary Cohen
Executive Chairman +61 2 8251 9601
About Invigor Group
Invigor Group (ASX: IVO) is a B2B data intelligence and solutions company that turns data analytics into dollars for the retail and service industries. Invigor's innovation in owned retail platforms and unique cross-channel data ecosystem allows businesses to have a holistic view of their customers and competitive landscape to not only understand, but effectively engage with today's physical and digital consumers. Combined with proprietary data and predictive engines, Invigor Group provides strategic insights and recommendations that empower businesses to successfully influence future customer strategy and increase long-term profitability.
Web:www.invigorgroup.com |email:info@invigorgroup.com
Invigor Group Limited
Level 16, 56 Pitt Street, SYDNEY, NSW 2000
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MA JOR CORPORATE MILESTONES OVER THE PAST 6 MONTHS
• Completion of $9.168 million capital raise
ersonal use only
• $19 million improvement in Balance sheet with the elimination of $17.2 million of liabilities
• Successful finalisation of the sale of the German Subsidiary TillerStack for $1.35 million profit
• Allectus Capital (part of the global ICM Group) now a 19.9% substantial shareholder
• Allectus Capital supports the Company with a 2 year $1.4 million working capital facility
• Board renewal underway - announcement shortly
• Reinstatement of Shares to ASX
2 |
BALANCE SHEET RESTRUCTURING COMPLETED
ersonal use only
Interest bearing loans and borrowings 2,706
Cash and cash equivalents Trade and other receivables Total current assets Property, plantand equipment Iong-term Loan Receivable Total non-current assets Total assets
Cash and cash equivalents
Trade and other creditors and accruals
Interest bearing loans and borrowings Provis ions
Total current liabilities
Provis ions
Total non-current liabilities Total liabilities
Net assets Issued capital Res erves Accumulated losses Total equity
The Invigor March Pro Forma Balance Sheet has been prepared on the basis of the Company's audited balance sheet as at 31 December 2021, and the following pro- forma adjustments:
1. The re-capitalisation plan being the capital raise undertaken totaling $9.167 million, comprising cash received of $6.149 million ($6.8 million less $0.651 million in brokerage and other costs) and the issue of shares in satisfaction of creditor repayments of $2.368 million.
2. Secured and unsecured debtholders agreeing to the conversion of their debt to equity totaling $11.1 million.
3. The increase in issued capital by $19.873 million as a result of the capital raise and the conversions of debt to equity.
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* - Investigating Accountant report to be issued and published 20 April 2022
USE OF FUNDS RAISED
Category
ersonal use only
Repayment of Secured loansRepayment of Staff LoansGrowth CapitalCreditor PaymentsCapital Raise CostsTotalProposed Useof FundsActual Use of Funds
$2.2m $2.7m
$2.0m $1.7m
$1.7m $0.8m
$1.5m $1.2m
$0.6m $0.4m
$8.0m1
$6.8m2
Narrative
Includes $0.6m in interest charges for the period Oct - Feb 22 due to delay in executing recapitalisation plan
Includes $0.3m in legal fees incurred managing ASX and associated re-listing issues
Cash component of raise costs, other costs settled by the issuance of shares
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1 - Expected cash raise amount & proposed use of funds from Investors Presentation October 2021, 2 - Final cash raise amount after completion of capital raise activity
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Invigor Group Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 22:44:06 UTC.