LATITUDE FINANCIAL GROUP LIMITED PROSPECTUS PROSPECTUS LATITUDE FINANCIAL GROUP LIMITED ACN 625 845 883 Joint Lead Managers Important Notice Offer repayment of capital by the Company or Financial Information Presentation This Prospectus is issued by Latitude the payment of a return on the Shares. Section 4 sets out in detail the financial Financial Group Limited ACN 625 845 883 information referred to in this Prospectus. (‘Company’) and Latitude SaleCo Limited Exposure Period The basis of preparation is set out in ACN 625 845 874 (‘SaleCo’) for the purposes The Corporations Act prohibits the Section 4. The Financial Information of Part 6D of the Corporations Act 2001 (Cth) Company from processing applications to has been prepared and presented in (‘Corporations Act’). The offer contained in subscribe for Shares under this Prospectus accordance with the recognition and this Prospectus is an initial public offering (‘Applications’) in the seven-day period after measurement principles of IFRS, as issued to acquire fully paid ordinary shares (‘Shares’) the date of lodgement of this Prospectus by the IASB, as outlined in Section 4.2.2. in the capital of the Company (‘Offer’). with ASIC (‘Exposure Period’). All financial amounts contained in this Lodgement and Listing The Exposure Period may be extended Prospectus are expressed in Australian by ASIC by up to a further seven days. dollars and rounded to the nearest This Prospectus is dated 26 September 2019 The Exposure Period is to enable this $0.1 million unless otherwise stated. (‘Prospectus Date’) and was lodged with Prospectus to be examined by market Any discrepancies between totals and the Australian Securities and Investments participants prior to the raising of sums of components in the charts, Commission (‘ASIC’) and the New Zealand funds. The examination may result in graphs and tables contained in this Companies Office on that date. The Company the identification of deficiencies in this Prospectus are due to rounding. will apply to ASX Limited (ABN 98 008 624 Prospectus, in which case any Application 691) (‘ASX’) within 7 days of the Prospectus may need to be dealt with in accordance The historical and forecast financial Date for admission of the Company to the with section 724 of the Corporations Act. information in this Prospectus should be Official List and quotation of the Shares on read in conjunction with, and qualified the ASX. None of ASIC, the ASX or their Applications received during the Exposure by reference to the information contained respective officers take any responsibility Period will not be processed until after the in Sections 4 and 5. for the contents of this Prospectus or the expiry of that period. No interest will be merits of the investment to which this paid on any Application Monies received or Investors should be aware that certain Prospectus relates. refunded. No preference will be conferred financial data included in this Prospectus on Applications received during the is ‘non-IFRS Financial Information’ under Expiry Date Exposure Period. Regulatory Guide 230: Disclosing non-IFRS This Prospectus expires on the date that is financial information, published by ASIC. 13 months after the Prospectus Date. No Obtaining a Copy of this Prospectus The Company believes this non-IFRS Shares will be issued or transferred on the The Company proposes to make this Financial Information provides useful basis of this Prospectus after the Expiry Date. Prospectus available in electronic form information to users in measuring the on its IPO website www.latitudeipo.com.au. financial performance and financial Note to Applicants condition of Latitude. The information contained in this Prospectus The Offer constituted by this Prospectus is not personal financial product advice and in electronic form is available only to The non-IFRS measures do not have does not take into account the investment persons downloading it within Australia standardised meanings prescribed by AAS objectives, financial situation and particular and New Zealand. It is not available to and therefore, may not be comparable to needs (including financial and taxation persons in other jurisdictions (including similarly titled measures presented by other issues) of any prospective Investor. the United States) in which it would not be entities, nor should they be construed as lawful to make such an offer or invitation. an alternative to other financial measures It is important that you read this Prospectus determined in accordance with AAS. carefully and in full before deciding whether Persons having received a copy of this to invest in the Company. Prospectus in its electronic form may, Investors are cautioned, therefore, not to before the Closing Date, obtain a paper place undue reliance on any non-IFRS In considering the prospects of the Company, copy of this Prospectus (free of charge) Financial Information and ratios included you should consider the risk factors that by telephoning the Latitude IPO Offer in this Prospectus. could affect the financial performance of Information Line on 1300 384 651 (within the Company. You should carefully consider Australia) or +61 3 9415 4328 (outside Unless otherwise stated or implied, all pro these factors in light of your investment Australia) from 8:30am to 5:00pm Australian forma data in this Prospectus gives effect objectives, financial situation and particular Eastern Time (‘AET’) Monday to Friday during to the pro forma adjustments referred to needs (including financial and taxation the Offer Period. in Section 4. issues) and seek professional advice from your accountant, financial adviser, Applications Market and Industry Data Based stockbroker, lawyer or other professional Applications for Shares may only be made Primarily on Management Estimates adviser before deciding whether to invest during the Offer Period by completing This Prospectus (and in particular Section 2) in Shares. Some of the risk factors that an Application Form attached to or contains data relating to the industries, should be considered by prospective accompanying this Prospectus, or in its segments and end-markets in which Investors are set out in Section 5. There paper copy form which may be downloaded Latitude operates (‘Market and Industry may be risk factors in addition to these in its entirety from www.latitudeipo.com.au. Data’). Such information includes, but is not that should be considered in light of your The website and its content do not form limited to, statements and data relating to personal circumstances. part of this Prospectus and are not to be market share, estimated historical and interpreted as part of, nor incorporated into, forecast market growth, market trends You should also consider the best estimate this Prospectus, which should form the sole and Latitude’s position. Unless otherwise assumptions underlying the Forecast basis of your investment decision. By making stated, the information has been prepared Financial Information (see Section 4) that an Application, you represent and warrant by Latitude using both publicly available could affect Latitude’s business, financial that you were given access to the Prospectus. data and its own internally generated data. condition and results of operations. Latitude’s internally generated data is based The Corporations Act prohibits any person Except as required by law, no person on estimates and assumptions that both the from passing on to another person the named in this Prospectus, nor any Directors and Management believe to be Application Form unless it is attached to, other person, warrants or guarantees reasonable, as at the Prospectus Date. or accompanied by, the complete and the performance of the Company, the unaltered version of this Prospectus. The Market and Industry Data has not been independently prepared or verified and Latitude Financial Group | Prospectus neither Latitude nor the Joint Lead Managers The Company cannot and does not give Section 7, it is expected that the Shares can assure you as to its accuracy or the any assurance that the results, performance will be quoted on the ASX initially on accuracy of the underlying assumptions or achievements expressed or implied by a conditional and deferred settlement used to estimate such Industry Data. the forward-looking statements contained basis. The Company, SaleCo, the Directors, Latitude’s estimates involve risk and in this Prospectus will actually occur and the Joint Lead Managers, the Existing uncertainties and are subject to change Investors are cautioned not to place undue Investors and the Company’s service provider based on various factors, including those reliance on these forward-looking statements. Computershare Investor Services Pty Ltd described in the risk factors set out in The Company has no intention of updating (‘Share Registry’) disclaim all liability, Section 5. or revising forward-looking statements, or whether in negligence or otherwise, to publishing prospective financial information persons who trade Shares before receiving In addition to the Market and Industry in the future, regardless of whether new their holding statements. The Joint Lead Data, this Prospectus uses third-party information, future events or any other Managers have not authorised, permitted or market data, estimates and projections. factors affect the information, contained caused the issue or lodgement, submission, Latitude has not independently verified in this Prospectus, except where required dispatch or provision of this Prospectus and this information.