Xref

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Xref Limited (ASX: XF1) has successfully completed a placement raising $3.6 million and is offering shareholders the opportunity to participate in a Share Purchase Plan (SPP) at $0.13 per share. The placement was supported by EPI Capital Pty Ltd (Tanda), a HR technology company. The CEO of Tanda, Mr. Jake Phillpot, will join Xref's board as a non-executive director, indicating a strategic partnership between the two companies. The SPP allows existing shareholders to invest at the same price as the placement without additional charges. Key dates for the SPP process are outlined for shareholder reference.

The net proceeds from the capital raising will contribute to reducing the company's net debt and enhancing operational cash flow. Xref's Executive Director/CEO, Lee-Martin Seymour, expressed enthusiasm regarding the partnership with Tanda and the growth potential for Xref. TMT Partners served as the corporate adviser for the capital raising. Investors interested in learning more are encouraged to visit the Investor Centre on Xref's website or reach out via email. The company's strong client retention rate, customer satisfaction score, and industry-leading HR technology offerings position Xref for sustained growth in the global employment market.

Xref Limited (ASX: XF1) has successfully completed a placement raising $3.6 million and is offering shareholders the opportunity to participate in a Share Purchase Plan (SPP) at $0.13 per share. The placement was supported by EPI Capital Pty Ltd (Tanda), a HR technology company. The CEO of Tanda, Mr. Jake Phillpot, will join Xref's board as a non-executive director, indicating a strategic partnership between the two companies. The SPP allows existing shareholders to invest at the same price as the placement without additional charges. Key dates for the SPP process are outlined for shareholder reference.<br/><br/>The net proceeds from the capital raising will contribute to reducing the company's net debt and enhancing operational cash flow. Xref's Executive Director/CEO, Lee-Martin Seymour, expressed enthusiasm regarding the partnership with Tanda and the growth potential for Xref. TMT Partners served as the corporate adviser for the capital raising. Investors interested in learning more are encouraged to visit the Investor Centre on Xref's website or reach out via email. The company's strong client retention rate, customer satisfaction score, and industry-leading HR technology offerings position Xref for sustained growth in the global employment market.

Placement Raising $3.6m & Share Purchase Plan

Announcement summary