Investors

Tyro Payments Limited is an Australian unlisted public company. Tyro is an Australian Deposit-taking Institution (ADI) that holds an Authority (without prior conditions) to carry on banking business in Australia.

Notice to shareholders

19 October 2016
Appointment of CEO

Gerd Schenkel joins Jost Stollmann as Tyro’s new CEO to build the nextGen Bank. The Board has appointed Gerd Schenkel to the position of CEO, effective from 24 October 2016. Gerd has more than 17 years’ experience in Australian banking and technology related businesses. Jost will remain a full-time Executive Director of Tyro, supporting Gerd Schenkel in his role as CEO and raising the profile of Tyro in Australia.

1 March 2016
Completion of Capital Raising

The company’s $100 million capital raising, first announced on 30 November 2015 (Capital Raising) has completed on 1 March 2016, with a final subscription for ordinary shares being made by Tiger Global Management, in accordance with the original subscription agreement between the company and Tiger Global Management. The total amount raised by the Capital Raising is $100,127,532.00, at a price per share of $1.0361.

22 January 2016
Completion of Pro Rata Raising

The company’s $5,450,000 pari passu offer of fully paid ordinary shares, as described in the Information Memorandum sent to shareholders and dated 22 December 2015 (Pro Rata Raising), closed on 15 January 2016. Tyro received and accepted applications from eligible participants in respect of 1,895,255 ordinary shares, raising a total amount of $1,963,673.71. Shares relating to the Pro Rata Raising were issued by the company on 22 January 2016. 

The remaining $3,486,326.29 of the Pro Rata Raising, will be offered for subscription to TDM Asset Management Pty Limited and its associated subscribers, in accordance with the underwriting arrangements described in the Information Memorandum.

30 November 2015
Share register open

The company has put in place a $100 million capital raising in fully paid ordinary shares at a price per share of $1.0361. 

  • $59.5 million by Tiger Global Management
  • $25.0 million by TDM Asset Management
  • $10.0 million by Mike Cannon-Brookes
  • $5.5 million by TDM Asset Management 

Shareholders will have an opportunity to participate in the $5.5 million tranche listed above and underwritten by TDM in a pari passu offer for fully paid ordinary shares at the same price in early 2016. Further shareholder information will be provided. Shareholders are advised the share register is now open for share transfers.

22 November 2015
Trading halt and closure of the share register

Shareholders are advised share transfers are not recommended and the share register is closed pending announcement of confidential material information which is developing and expected to be disclosed within a week. 

Annual Financial Reports

Interim Financial Reports and Shareholder Updates

Regulatory Disclosures