The new securities under the Rights Issue are expected to be issued on 2 November 2022, in accordance with the timetable in the Prospectus.
Carly’s Executive Director and CEO, Chris Noone, said: “I would like to thank our existing and the many new shareholders for the support they have shown during this Rights Issue, demonstrating their commitment to the Company and enthusiasm for our future prospects.
I am also pleased to confirm the strong ongoing growth of the Carly fleet, with 70% of vehicles ordered under our recent $1.5m asset finance facility being received and quickly subscribed. The total fleet size has increased by 15% since 30 September 2022 which positions Carly well for strong subscription and revenue growth to be reported in the current December 2022 Quarter and beyond. The asset-light fleet has also increased by 8% in the last month. Our ability to secure vehicles and have them rapidly subscribed, and the enhanced cash balance from this rights issue, positions Carly positively to accelerate current negotiations for additional asset finance facilities to support further growth in the fleet size.
On the strength of Carly’s recent performance, I am also pleased to advise that RAAS Advisory will initiate coverage and provide research reports for Carly Holdings. Carly has demonstrated a strong business model and posted consistently improving results and now is the perfect time to communicate this strength to a wider network of investors in a manner that gives them the confidence to make investment decisions. RAAS Advisory are targeting late November/early December for the delivery of the first report.”
This announcement was authorised to be given to ASX by the Board of Directors of Carly
Holdings Limited.