IPO Update

IPO Update

On 17 July 2015, iCandy Interactive Limited (Company) lodged a replacement prospectus with ASIC pursuant to which the Company offered 17,500,000 fully paid ordinary shares in the capital of the Company (Shares) at an issue price of $0.20 each in order to raise up to $3,500,000 together with one free attaching option for a Share (Option) for every 1 Share subscribed for and issued, with a provision to accept oversubscriptions of up to an additional 5,000,000 Shares at $0.20 each to raise an additional $1,000,000 (together with one free attaching Option for every 1 Share subscribed for and issued) (Offer).

The Board of the Company has resolved to extend the closing date of the Offer which was previously 11 September 2015. The Company expects to lodge a supplementary prospectus in respect of the Offer in the next fortnight which will contain the amended timetable for the Offer. In the meantime, investors can still apply for securities under the Offer using the application form accompanying the Company’s replacement prospectus dated 17 July 2015.