Schrole Group progresses ASX listing, prospectus offer closes oversubscribed and early, raises maximum $6m subscription

Company Name: Schrole Group

Announcement Date: 20/09/2017
Announcement Category: Investment
Announcement Content:

Aquaint Capital Holdings Limited, (“Aquaint” or “the Company”) proposed to be renamed Schrole Group Limited, has closed its prospectus share offer early and oversubscribed, raising the maximum subscription of $6 million.
The Company will now proceed to complete the previously-announced acquisition of Schrole Operations Ltd (“Schrole”) and has applied to the ASX to have its shares quoted for trading (under the code SCL), which is expected to occur in the coming weeks. On relisting, the Company will have an implied market capitalisation of $11.7 million, based on the $0.02 per share offer price. Alto Capital is the Lead Manager to the offer along with Xcel Capital as Co-Lead.

Schrole™ was developed by education professionals for education professionals. Schrole offers data driven market leading recruitment solutions to industry problems and are revolutionising the education sector.

Schrole Connect and Schrole Cover are designed to service two key industry problems in recruiting quality educators for international schools and efficiently filling short term relief roles.

Go to Company Profile for: Schrole Group

Announcement Contact: [email protected]