On behalf of the Directors of Uniti Wireless Limited (ACN 158 957 889) (Company), I am pleased to invite you to become a Shareholder
of the Company.
The Company, together with its subsidiaries, (together, Uniti Wireless) is a supplier of fixed wireless broadband network and services as
an alternative to nbn™ services and a replacement for ADSL connections. Currently operating in suburban and metropolitan Adelaide
and areas of Melbourne, Uniti Wireless connects residential, business and enterprise customer premises to its network.
The Company has entered into a share sale and purchase agreement, pursuant to which the Company proposes to acquire the entire
issued capital of FuzeNet Pty Ltd. FuzeNet Pty Ltd, together with its subsidiaries, (together, FuzeNet) operates the business of a retail
service provider (RSP), predominantly reselling the non-nbn™ fibre infrastructure of competitors to nbn™ to provide broadband
services to consumers delivered across the non-nbn™ fibre networks.
The Company is raising a minimum of $12 million and a maximum of $18 million through the issue of between 48 million and 72 million
New Shares at a price of $0.25 per New Share pursuant to the Offer. The proceeds from the Offer will be used, amongst other things,
to fund the following:
Application of Funds A$12m A$18m
The acquisition of FuzeNet (see note below) $8.1m $8.1m
The fixed wireless network deployment across Sydney, Brisbane, Melbourne and Perth $1.1m $6.8m
General Working Capital $1.5m $1.5m
Costs of the Offer $1.3m $1.6m
FuzeNet acquisition – the above cash cost of acquisition is based on the purchase price of the acquisition of $10.7m as set out in section 9.7, plus acquisition
costs, less a deposit already paid, and less the cash equivalent of the share equity that FuzeNet Shareholders have elected to receive as part of their consideration
The Offer will close at 5:00pm (Sydney time) on Monday, 14th January 2019, unless varied by the Board. The Company expects to
issue and allot all New Shares on Friday, 18th January 2019.
If the Company’s application for listing is accepted by ASX, it is anticipated that the Company will be listed on ASX on or about
Friday, 25th January 2019.
This Prospectus contains detailed information about the Offer and the financial performance and position, operations, management
team and future plans of the Company, including its acquisition of FuzeNet.
An investment in the Company is subject to a range of risks, including a significant level of competition in the market, significant
disruption or failure of the Company’s technological platforms, supply risk, and low customer take up of services and customer
revenue. Key risks are set out in Section 6 of the Prospectus and should be read in detail.
I encourage you to read the Prospectus carefully and in its entirety before making your investment decision and if required consult
with your stockbroker, solicitor, accountant or other independent professional adviser.
On behalf of the Directors, I invite you to consider this opportunity to invest in the Company and look forward to welcoming you as
Chairman, Uniti Wireless Limited