CIRRALTO LIMITED(CRO)

name changed to Spenda Limited

The suspension of trading in the securities of Cirralto will be lifted immediately, following receipt and the release of its request for reinstatement to official quotation dated 21 July 2021.

The Company advises that it did not, and does not have, any material information which is announceable under Listing Rule 3.1 to enable its shares to be reinstated to official quotation. ASX considers, and the Company accepts, that the reasons given by the Company for the trading halt and subsequent voluntary suspension were erroneous. The Company does not have material contracted revenues or confirmed trade finance customers to announce. The Company confirms it is compliance with Listing Rule 3.1 and requests that the Company's shares resume trading.

vThe voluntary suspension will remain in place until the earlier of the commencement of normal trading on Wednesday 21 July 2021, or until the release of the announcement of first trade finance customers under the Referral Agreements with Mastercard and Fresh Supply Co.

The securities of Cirralto Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CRO, pending the release of an announcement regarding first trade finance customers under the Referral Agreements with MasterCard and Fresh Supply Co.

The suspension of trading in the securities of Cirralto Limited will be lifted immediately, following the release by CRO of an announcement regarding its agreement with Fiserv and Visa International Limited as well as a cleansing prospectus.

The company issues a prospectus for an offer of: 10,000 Listed Options (exercisable at $0.025 on or before 28 July 2023) at an issue price of $0.001 each to raise up to $10 and 10,000 Shares at an issue price of $0.03 per Share to raise up to $300. The Offers close at 5.00pm AEDT on 7 December 2020.

The BPSP agreement incorporates a discounted merchant rate that will increase Cirralto's profit margins on credit and debit card payments by up to 40%. The discounted merchant rate reduces the Company's interchange cost price to process card transactions. Significant efficiency improvement in AML / KYC compliance and approval times. Significant Business Model improvements for Cirralto and its customers.

The company has entered into a Business Payments Service Provider agreement with Fiserv and Visa International Limited. The Company will remain in voluntary suspension pending the lodgement of an announcement regarding the above matter and the lodgement of a cleansing Prospectus with ASX and ASIC. The voluntary suspension will remain in place until the earlier of the commencement of normal trading on Monday 7 December 2020, or until the release of the announcement.

The company releases an Appendix 2A.

The securities of Cirralto Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CRO, pending the release of an announcement regarding a material service agreement.

The securities of Cirralto Limited will be reinstated to Official Quotation as from the commencement of trading on Tuesday, 13 October 2020 following lodgement of its statutory audited accounts for the full year ended 30 June 2020.

The company lodges its Full Year Statutory Accounts.

The resulting shortfall from the Entitlement Issue was 124,538,015 options. There was significant demand for the shortfall and it was heavily oversubscribed. In accordance with section 2.7 of the Prospectus the shortfall options were placed at the discretion of the directors of the Company. The shortfall was placed to existing shareholders of the Company, joint lead arrangers to the Company's recent capital raising and with Company staff (who are also shareholders). Directors and their related parties did not receive any shortfall options.

The company releases an Appendix 2A.

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2020, following their failure to lodge the relevant periodic report by the due date.

The suspension of trading in the securities of Cirralto Limited will be lifted immediately following the release by CRO of an announcement regarding a capital raising.

The company has successfully completed a bookbuild to place 82 million new shares at an issue price of A$0.007 per share to raise A$574,000. Funds raised will be used for general working capital purposes to and for due diligence work relating to the acquisition of Appstablishment Software. The placement will result in the issue of 82,000,000 new ordinary shares. Directors Peter Richards, Adrian Floate and Howard Digby have subscribed for a combined $56,000 worth of shares in the placement which will be issued subject to shareholder approval.

The securities of Cirralto Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CRO, pending the release of an announcement regarding a proposed capital raising.

The suspension of trading in the securities of Cirralto Limited will be lifted immediately, following the release by CRO of an announcement regarding a finance facility with Canary Capital.

The company as appointed Canary Capital as an advisor to the company. The company has also entered into a finance facility with Canary to provide access to funding for working capital purposes. The facility is for a committed amount of A$500,000 with a further proposal for A$500,000 and is repayable in full on maturity. Subject to drawdown requirements, the facility is repayable in 12 months from the drawdown date, unless mutually extended by both parties. Interest of 10.0% p.a. is payable on a monthly basis, capitalised to the outstanding principal amount.

The securities of Cirralto Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CRO, pending the release of an announcement in relation to a proposed capital raising/funding activities.

The suspension of trading in the securities of Cirralto Limited will be lifted immediately, following the release by CRO of an announcement regarding the completion of a capital raising.

Commitments received to raise ~A$1.6m in private placement. SPP to raise up to $500k from shareholders announced. Software supply contract negotiations advanced with a large chemicals supply and distribution franchise group to supply a branded version of the PoolBox vertical market software solution to franchise pool stores across Australia and New Zealand in 2019.

The securities of Cirralto Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CRO, pending the release of an announcement regarding a capital raising.

name changed from Motopia Limited