The Dock Yard takeover of Ansarada

Ansarada Group Limited

Prospectus Offer

On 30 September 2020, thedocyard Limited ("TDY" or the "Company") announced that it had entered into a Merger Implementation Deed and a Share Sale Deed with Ansarada Australia ("Ansarada") to facilitate the proposed acquisition of 100% of Ansarada by the Company together with a related capital raising. Subject to Shareholder approval, the combined entity proposes to change its name to the Ansarada Group Limited (the "Group") and has reserved the ASX code "AND".

At Completion, the Group will be a global provider of cloud-based SaaS information governance solutions. The Group's Platform will provide end- to-end document and process management to support critical decisions and events for organisations throughout their lifecycle.

The Group's core products will include the market leading Virtual Data Rooms, a highly secure Board Portal, Ansarada's compliance and governance Pathways product, and thedocyard's workflow software. To date, the Group's products are being used by over 2,700 active customers including leading global corporates, governments, investment banks, private equity firms, accountants and lawyers.

The Group's growth strategy seeks to leverage the expanded number of products across Ansarada's significant existing customer base, together with accessing new customers via distribution channels such as advisor relationships, and a fast growing e-commerce channel. The Group also expects to reach new customers through white labelling and partnerships.

Morgans Corporate Limited is a Joint Lead Manager and Underwriter to the Prospectus Offer.

Investment Highlights

  1. Trusted brand among our customers and users and users driving strong Win Rates
  2. Differentiated technology offering
  3. Purpose led and founder driven business
  4. Diversified and scaled operations across industries and geographies
  5. Platform based business with omni-channel distribution capability
  6. Large and growing addressable market 

Issuer: Ansarada Group limited

Transaction: Prospectus Offer

Morgans Role: Joint Lead Manager and Underwriter

Offer Size: $45.0 million

Offer Price: $1.48

Offer Opens: 9 November 2020

Offer Closes: Monday 30 November 2020

Company Website: https://www.thedocyard.co/investors/

More information

If you have any questions about the Ansarada Prospectus Offer, please contact your Morgans adviser, call 134 226 or find your nearest office here.

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