DomaCom secures $500,000 raise

 — 1 minute read

Property investment platform DomaCom has received binding commitments via a share placement from an institutional investor to raise $500,000.

The funds will be used to drive its continued growth in its platform, DomaCom reported, increasing sales in the accumulation and retirement markets via its innovative products and general working capital requirements.

A total of 6,738,544 ordinary shares will be issued at 7.42 cents per share under the placement, under the capacity currently available, which allows DomaCom to raise up to 100 per cent of eligible fully paid ordinary shares.


The capacity also allows the issue of up to 16,179,311 shares without shareholder approval. 

DomaCom chief executive Arthur Naoumidis commented: “It is pleasing to have received the support of a new institutional shareholder at this pivotal time in our history, and I now look forward to focusing on growing our business.”

The placement has been carried out using Ascot Securities as the broker. 

Settlement and issue of the shares will occur on or before 13 September.


The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.


DomaCom secures $500,000 raise
investordaily image
ID logo
Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].


related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.