Ezeatm Australia - Our History
Ezeatm Limited was incorporated on 27 May 2011 to acquire the automatic teller machine (“ATM”) business operated by Ezeatm Pty Ltd, which involved the deployment of ATMs in small to medium size businesses at 86 sites across Australia generating approximately 650,000 transactions per annum.
The Company completed its initial public offering and was admitted to the official list of the ASX on 5 October 2011 with official quotation on the ASX on 7 October 2011. Under its prospectus, a total of 17,500,000 shares were issued at an issue price of 20 cents each to raise $3,500,000 before expenses of the offer.
Furthermore, on 1 December 2011 the Company announced that it had acquired the Australian ATM operations of iCash Payment Systems Limited (ASX : ICP) for $16,000,000 subject to shareholder approval and this would increase the number of ATMs on the network to over 1,800 ATMs and annualised transactions of more than 10,000,000.
The acquisition of the Australian ATM operations of iCash Payment Systems Limited via the acquisition of iCash’s subsidiary ATM One Pty Ltd (“ATM One”) was approved by the shareholders on 13 January 2012.
Ezeatm funded the acquisition through the issue of 25,000,000 shares at $0.40 to raise $10,000,000 under a placement, cash of $2,000,000 and a finance facility of $4,000,000 from the National Australia Bank Limited.
On 8 May 2012, the Company signed an exclusive five year distribution agreement for ATMs and ATM related products, parts and software manufactured by NeoICP Korea. Inc.
As at 30 June 2012 the Company had 1,862 sites on its ATM network and is generating approximately 11,000,000 transactions per annum.
On 9 July 2012 the Company announced an amendment to its exclusive five year distribution agreement for ATMs and ATM related products, part and software manufacture by NeoICP Korea, Inc to include the countries of Indonesia and Nepal.
On 12 July 2012 the Company announced that it had signed an exclusive four year agreement to supply ATMs and ATM related products, parts and software to ASEAN ATMs, an Indonesian Company based in Jakarta. Ezeatm will supply a minimum of 16,000 ATMs over the four year period in what is a landmark agreement for an Australian ATM Company.