Engage:BDR Limited (ASX: EN1) is into advertising and digital media operations. It provides advertising solution to advertisers and publishers across desktop, tablet, mobile, and SmartTV devices. The company enables dynamic buying and selling of its display and video ads along with other advertising inventory via its online marketplace.
There was a change in the interest of the substantial holder First Round Capital LLC as of 30 November 2018. The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are presented below:
As per the current notice, First Round Capital LLC holds 55,949,870 shares with voting rights with a voting power of approximately 22.38%, as compared to its new holding of 57,681,498 shares with voting rights with a voting power of 19.99%.
Moreover, the change a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
As on 27 February 2018, First Round Capital LLC had a dilution of 0.24% following shares issued by the company, followed by dilution of 1.23%, 0.14%, 0.83%, 0.38% and 0.21% as on 10 May, 15 June, 31 August, 12 September, and 30 November in the year 2018, respectively. However, the number of shares affected remained at 55,949,870. On 23 January 2019, First Round Capital LLC had an increase in shareholding by 1,731,628 shares in engage:BDR with the total number of shares standing at 57,681,498.
As per the present relevant interest provided by the company, Mr. Ted Dhanik – the Co-founder and President of engage:BDR, a registered holder of securities in First Round Capital LLC holds 57,681,498 shares.
On 25 January 2019, the company has given notice as per the Corporations Act 2001, that it has issued 25,099,423 fully paid ordinary shares to the professional and sophisticated investors at an issue price of $0.028 per share accordingly as per the company’s announcement on 23 January 2019.
Now let us quickly have a glance at the engage:BDR Limited’s stock performance and the return it has posted over the last few months. The stock last traded at a price of $0.038 and sharply declined by almost 15.5% during the day’s trade on 25 January 2019, with an approximate market capitalization of $12.99 million. The stock opened at $0.043 with its day high at the same price; however, it touched and a day’s low price of $0.038. The stock has yielded a YTD return of 153.33% and posted negative returns of 60.42% and 32.14% over the last six months and three months respectively. However, in the past one month, it has generated a significant return of 111.11%. It has a 52-week high price of $0.195 and a 52-week low of $0.012, with an average volume of ~3.93 million.
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