MoneyMe register reshaped after $37m raising
Companies associated with mysterious Bermuda-based investor Duncan Saville and Phil King’s Regal Funds Management have emerged with sizeable stakes in embattled personal lender MoneyMe after it wrapped up a massively dilutive capital raising.
Documents filed with the ASX on Wednesday showed MoneyMe chief executive Clayton Howes did not participate in the raising, which was conducted at a 67.9 per cent discount to its six-month volume weighted average price or 8¢ a share. Mr Howe’s stake was subsequently diluted to 6.9 per cent from 18.3 per cent previously.
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