Talius Group Announces AU$2.5Mn Strategic Placement to Support Expansion and Growth

December 24, 2024 11:28 AM AEDT | By Team Kalkine Media

Placement Details

Approximately 286.05 million new shares will be issued under the placement at a price of $0.009 per share. This represents a 7.7% premium to Talius’ 30-day volume-weighted average price (VWAP) of $0.0084 and a 12.5% premium to the last closing price of $0.008 on 20 December 2024.

The funds raised, combined with existing cash reserves, will:

Accelerate the expansion of the Talius platform.
Enhance Talius’ scale in the Home Care market.
Strengthen capital management to support profitability goals by 2025.

Strategic Investor and Industry Expertise

The placement introduces Stephen Norris Technologies Pty Ltd as a key stakeholder. The company’s principal, Mr. Stephen Norris, brings over 40 years of experience in the aged care sector. Mr. Norris is the Managing Director and part owner of Lifestyle SA Group, which operates 11 Lifestyle Retirement Villages with over 2,000 apartments in South Australia.

Lifestyle SA pioneered the concept of lifestyle villages in Australia, creating resort-like communities for seniors. With this background, Mr. Norris recognizes the potential of “ageing in place” solutions, which empower residents and providers to deliver improved outcomes in home care settings.

Collaboration Opportunities

An upcoming Memorandum of Understanding (MOU) will outline strategic initiatives between Talius and the Strategic Investor. These initiatives are expected to include collaboration opportunities with entities such as:

Lifestyle SA Group, enhancing service delivery to seniors in retirement villages.
CareWindow, an aged care communications platform.

The Strategic Investor’s involvement is aligned with Talius’ existing partnerships and pilot programs, ensuring no conflicts with larger operators, which is a critical factor for the Company.

Board Representation and Future Plans

Following the placement’s completion, the Strategic Investor will have the right to nominate a non-executive director to the Talius Board. This appointment, along with further details of the MOU, is expected to be announced in early 2025.

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