Media Release: Clayton Utz advises The Market Herald Ltd on $15.5 million Entitlement Offer

24 Jan 2023
Time to read: 1 minutes

Clayton Utz is advising ASX-listed digital business and investor relations platform services provider, The Market Herald Ltd (ASX: TMH), in relation to its fully underwritten 1 for 6 pro-rata renounceable Entitlement Offer to raise total proceeds of approximately $15.5 million (before costs). The transaction was announced to the market today.

Corporate partner Mark Paganin is leading our team together with senior associate William Davies, with key support from lawyers William Colreavy, Victoria Bandurski and Matthew Ledger. Canaccord Genuity has been appointed Lead Manager and Underwriter.

How will the funds be used ?

Funds raised will be used to pay down debt associated with The Market Herald Ltd’s acquisition of Gumtree, Carsguide and Autotrader – a transaction on which Clayton Utz also advised.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.