Shareholder Vote Approving Finsure Transaction
Shareholder Vote Approving Finsure Transaction
Perth, Sep 7, 2018 AEST (ABN Newswire) - Goldfields Money Limited (ASX:GMY) ("Goldfields Money" or the "Company") is pleased to announce that per the notice of general meeting dated 6 August 2018, a general meeting was held in Perth today, with Goldfields Money shareholders voting overwhelmingly in favour of the Finsure Transaction.

Goldfields Money will merge with Finsure by acquiring 100% of the diluted shares in Finsure via the issue of 40,750,000 fully paid ordinary shares to Finsure shareholders based on an agreed issue price of $1.50 per share. In connection with the Finsure Transaction, Goldfields Money will also issue 15,385,000 new fully paid ordinary shares at an issue price of $1.30 per share to raise ~$20 million (before costs), under the Placement announced on 4 September 2018.

Goldfields Money CEO Simon Lyons said today's shareholder approval of the Finsure Transaction marked a major milestone in the Company's evolution into a diversified financial services business.

"The Goldfields Money Board is very pleased with today's result. Maximising value for all shareholders is of utmost importance to us, and we firmly believe this transaction is a compelling opportunity for Goldfields Money and its shareholders." Mr Lyons said.

Goldfields Money Chairman Peter Wallace thanked shareholders for their ongoing support during what has been a busy period of corporate activity for the Company.

Today's shareholder approval means that completion of the Finsure Transaction is now only subject to satisfaction (or waiver, if applicable) of the other remaining conditions that are considered largely procedural in nature:

- Approval from the ASX for the quotation of the Consideration shares; and

- No Goldfields Money or Finsure material adverse effect or "prescribed event".

The table below shows the currently anticipated transaction timetable.

Event: Settlement of the Placement
Date: 14 September 2018

Event: Completion of the Finsure Transaction
Date: 14 September 2018

Event: Commencement of trading of Placement shares on the ASX
Date: 17 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 any time 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.


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 tables, 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.

You can read more about us at and



Investor / Media Enquiries
Simon Lyons
Executive Director & CEO
Goldfields Money
Ph: +61-8-9438-8810

Andrew Rowell
Director - Investor Relations
Cannings Purple
M: +61-400-466-226

Related Companies

Goldfields Money Ltd

ABN Newswire This Page Viewed:  (Last 7 Days: 26) (Last 30 Days: 89) (Since Published: 2266) 

Goldfields Money Ltd NEWS: RECENT VISITS (3017)