Notice of Meeting for Finsure Transaction
The Board of Goldfields Money has today approved the Notice of Meeting in relation to a meeting of shareholders to be held at 235 St Georges Terrace, Perth at 11am on Friday, 7 September 2018 to consider the Finsure Transaction.
It is anticipated that the Notice of Meeting (which incorporates an explanatory statement and an independent expert's report) will be dispatched to shareholders on or before 8 August 2018.
A copy of the Notice of Meeting is attached. All information the Board considers is required by Goldfields Money shareholders to allow them to make an informed decision in respect of the Finsure Transaction is contained in the Notice of Meeting. The Board recommends that Goldfields Money shareholders read the Notice of Meeting and accompanying documents in full.
The table below shows the currently anticipated transaction timetable. The remaining conditions to completion of the Finsure Transaction are set out in the Notice of Meeting.
Release of Notice of Meeting: 6 August 2018
Shareholder meeting: 7 September 2018
Completion: 14 September 2018
If you require assistance, you can call the Goldfields Money Shareholder information line on 1300 308 375 (within Australia) or +61 8 6314 6314 (outside Australia) at anytime between 9:00am and 5:00pm (AWST) on Monday to Friday.
Goldfields Money's financial adviser is Azure Capital and its legal adviser is Lavan.
Finsure's financial adviser is Aura Capital and its legal adviser is Ashurst.
WHO IS FINSURE?
Established in 2011, Finsure Holding Pty Ltd ("Finsure") had set out to build a competitive and holistic offering for mortgage brokers in Australia with the aim to become a dominant player in the industry. Since inception, Finsure has positioned itself as a leader in the market in offering a diverse lending panel, flexible commission models, lead generation and mortgage broker support services. Through the acquisition of LoanKit in 2013 and a growing brand presence in the marketplace, Finsure has become one of the fastest growing aggregation business in the industry. Finsure was also recently named Aggregator of the Year for 2017 at the Australian Mortgage Awards.
At the very core of the Finsure business ethos is the desire to provide the strongest value proposition to all partners and clients. It is this principle that underpins who Finsure is as an organisation, and why they are able to provide the maximum value to those who align with us. As at 31 March 2018, Finsure has a network in excess of 1,400 loan writers across Australia, and a historical book of ~$31.8 billion.
To view the Investor Presentation, please visit:
To view the Notice of Meeting and Explanatory Memorandum, please visit:
About Goldfields Money Ltd
Goldfields Money (ASX:GMY) is Australia's new revolutionary digital bank, distributing first class products through a largely branchless distribution network. A bank without the bank. This digital banking platform is built on the recently implemented mobile first, world class core banking system provided by Temenos and our proprietary mortgage distribution software "Loankit".
Goldfields is ASX listed (ASX:GMY) with two key divisions:
Banking (operates under "Goldfields Money" and "Better Choice" brands) - an APRA regulated bank that offers deposit and loan products that are funded either on-balance sheet or off-balance sheet through a range of third party lenders. Our deposits are all guaranteed by the Australian Government Deposit Guarantee for up to $250,000 per customer. We are the new approach to banking in Australia, we're honest, with transparent bank practices and a straightforward approach to you and your money. It's all yours, honestly.
Mortgage Aggregation (operates under "Finsure" and "Loankit" brands) - an ASIC regulated mortgage aggregation and software technology platform with over 1,475 loan writers as of 31 August 2018. Finsure puts brokers first and is a leader in the market in offering a diverse lending panel, flexible commission models, training, lead generation, proprietary SaaS and mortgage broker support services. Finsure was also recently named Aggregator of the Year for 2017 at the Australian Mortgage Awards.
Link: Notice of Meeting and Explanatory Memorandum
Link: Notice of Meeting for Finsure Transaction
Goldfields Money Ltd