Orbital Corporation

A$10m Convertible Note

April 2015

In December 2014, Orbital announced its intention to issue up to 200 convertible notes with a face value of $50,000 per note to raise up to $10.0 million. Orbital is an innovation company with 30 years’ experience in advanced technology, product development and commercialisation.

The net proceeds raised pursuant to the convertible note issue will be applied towards the acquisition funding and working capital requirements associated with the acquisition of REMSAFE Pty Ltd.

The transaction was completed in April 2015 with a total of $10.0 million raised.

Azure acted as lead manager and corporate adviser to the transaction.