Manhattan Corporation entitlement offer completion

Manhattan Corporation Limited (ASX:MHC) has successfully completed the non-renounceable pro-rata entitlement offer, resulting in the receipt of valid applications for 155,553,566 New Shares, raising approximately $155,554 before costs. The New Shares are expected to be issued on September 11, 2024, and will commence trading on ASX on September 12, 2024. Additionally, there is a remaining Shortfall of approximately 1,312,936,518 New Shares following the close of the Entitlement Offer.

Manhattan Corporation future plans

The Company is proposing to seek shareholder approval for a Conditional Placement to certain Directors and a Consolidation at its annual general meeting expected to be held mid-November. A notice of meeting will be made available to Shareholders in due course. The Board expresses gratitude to all Eligible Shareholders who participated in the Entitlement Offer.

Manhattan Corporation outlook

Manhattan Corporation has successfully completed the entitlement offer, raising approximately $155,554. The Company plans to seek shareholder approval for a Conditional Placement and a Consolidation at its upcoming annual general meeting. The New Shares are expected to commence trading on ASX on September 12, 2024. Manhattan Corporation aims to continue engaging with its shareholders and looks forward to the potential future developments following the completion of the entitlement offer.