• Contact
  • Feedback
Banking Day
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Goldfields Money in trading halt

31 August 2018 5:13PM
Goldfields Money Limited asked the ASX for a trading halt on its securities, effective from the start of trading on Thursday 30 August 2018 until Monday 3 September.The company told the ASX it was seeking the trading halt "pending an announcement in relation to a capital raising".  This action had been foreshadowed on Tuesday when Goldfields Money presented its financial year results and a trading update, indicating plans for a merger with mortgage broker and aggregation firm Finsure were well advanced. The plan requires Goldfields to boost its capital by A$20 million. In April, the company raised $4.7 million, leaving $15.3 million to be raised.The Goldfields Money FY18 results presentation and trading update included commentary reiterating that although it received an unsolicited proposal from non-bank mortgage originator and distributor Firstmac in October 2017, initially via an on-market cash offer of $1.12 per share, subsequently increased to $1.27 per share on 9 November 2017, the Goldfields board recommended against it, in favour of the Finsure deal, and the Firstmac offer lapsed on 1 December 2017.It now seems that the Finsure merger will proceed as planned, to be finalised in September 2018.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use