Inactive Instrument

OVATO

Equities

OVT

AU0000038911

Ovato Limited announced that it expects to receive AUD 2.5 million in funding from OPUS Group Limited

May 23, 2022

Ovato Limited announced that it has entered into subscription agreement for the private placement of convertible note for gross proceeds of AUD 2.5 million on May 24, 2022. The transaction will include participation from OPUS Group Limited. The convertible note does not bear any interest and will mature on November 25, 2023.

The convertible note may not be assigned or transferred without the prior written consent of investor. The noteholder may require conversion of, at any time prior to the maturity date, the convertible note into the conversion shares, by giving a conversion notice to investor together with the note certificate in respect of the convertible note. The initial conversion price is AUD 0.14 per conversion share, subject to customary anti-dilutive adjustments upon occurrence of certain events.

Latest news about OVATO

Ovato Repays Loans Owed to Lion Rock, Left Field Printing	22-10-03	MT
Left Field Sells Over $1 Million of Ovato Bonds to Substantial Shareholder	22-09-20	MT
IVE Group Limited Completed the acquisition of Substantially all of the assets of Ovato Limited for AUD 16 million.	22-09-12	CI
IVE Group Limited entered into an implementation deed to acquire Substantially all of the assets of Ovato Limited.	22-08-09	CI
Ovato Limited Announces Resignation of Dhun Karai as Director	22-07-13	CI
Ovato Limited Announces Resignation of Paul Young as Director	22-06-19	CI
OPUS Group Limited completed the acquisition of Book Printing Business from Ovato Limited.	22-06-16	CI
Ovato Limited announced that it has received AUD 2.5 million in funding from OPUS Group Limited	22-06-16	CI
Left Field Printing to Buy Ovato's Book Business for $6 Million; Shares Rise 8%	22-05-25	MT
Ovato Selling Book Printing Business for $6 Million	22-05-25	MT
OPUS Group Limited entered into acquisition agreement to acquire Book Printing Business from Ovato Limited for AUD 8.5 million.	22-05-23	CI
Ovato Limited announced that it expects to receive AUD 2.5 million in funding from OPUS Group Limited	22-05-23	CI
Ovato Receives $3.8 Million Advance	22-04-04	MT
Ovato Limited Announces Appointment of Paul Young as Non-Executive Director	22-04-03	CI
Ovato Limited Announces Change of Registered and Principal Administrative Office	22-03-29	CI
Ovato Limited Reports Earnings Results for the Half Year Ended December 31, 2021	22-02-22	CI
Tranche Update on Ovato Limited's Equity Buyback Plan announced on October 21, 2021.	21-12-07	CI
Ovato Limited's Equity Buyback announced on October 21, 2021, has expired with 51,408,580 shares, representing 0.49% for AUD 0.13 million.	21-12-02	CI
Ovato names CFO; Shares Up 50%	21-11-16	MT
Ovato Limited Announces CFO Changes	21-11-16	CI
Ovato Limited announces an Equity Buyback for 65,941,789 shares, representing 0.54% for AUD 0.16 million.	21-10-20	CI
Ovato Limited authorizes a Buyback Plan.	21-10-20	CI
Are Media Pty Limited completed the acquisition of Ovato Retail Distribution Pty Ltd and Ovato Retail Distribution NZ Limited from Ovato Limited.	21-08-30	CI
Ovato Limited Reports Earnings Results for the Full Year Ended June 30, 2021	21-08-29	CI
Ballygriffin Holdings Pty Limited acquired Marketing Services from Ovato Limited for AUD 9 million.	21-07-28	CI

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Company Profile

Ovato Limited is an Australia-based company, which provides printing solutions, platforms, and tools. The Company offers print products including, magazines, catalogs, commercial work, point of sale, and packaging. It offers print solutions through its footprint across Australia and New Zealand, helping businesses with print material that works. It offers solutions to industries, such as retail, publishing, eCommerce, fast-moving consumer goods (FMCG) and others. The Company's segments include Ovato Australia and Ovato New Zealand. Its Ovato Australia segment includes business in Australia and corporate. Its Ovato New Zealand segment includes all businesses in New Zealand. The Company also provides physical and digital marketing solutions, helping various businesses. Its special finish packaging includes embossing, debossing, braille, Radio Frequency Identification (RFID) tagging, varnish-free areas, foil stamping, spot Ultraviolet (UV) glosses and other specialty coatings.

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