February 2020

AWN completes placement of convertible notes to fund growth

The Directors of Arowana International Limited (AWN) are pleased to announce the successful completion of a redeemable convertible note issue, raising gross proceeds of $3.55 million from family offices and other professional and sophisticated investors.

Key terms of the convertible notes are available in the ASX announcement below.

In December 2019, DDLS, Australia’s largest IT training provider and a subsidiary of AWN’s wholly owned vocational and professional education and training company, EdventureCo, announced that it had entered a partnership for Australia with New Horizons, the world’s largest independent IT training provider. This followed the demise of the New Horizons Australian master franchisee (NHA) and has resulted in DDLS recruiting key trainers and students from the previous NHA businesses. NHA was the second largest IT
training provider in Australia. Proceeds from the redeemable convertible note issue will be applied by the company towards investments which are consistent with its business objectives. These include general working capital to fund organic growth such as outlined above for its education business, as well as potential accretive bolt-on acquisitions to meet the costs of the capital raise.

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April 2023

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April 2023

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February 2023

Arowana Wins Bronze for Clean Energy Investment Leader of the Year in The Cleanie Awards 2022

January 2023

Arowana Named the Best Impact Investor in the 2023 Real Leaders Top Impact Awards

December 2022

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November 2022

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