Lumiere Lifestyle Group Limited has invested $1.5 million in ASX-listed DomaCom through a private placement. This significant investment will enable DomaCom to execute its strategic investment plans more effectively.
Following the $2 million placement and Giuseppe Porcelli’s appointment as Non-Executive Chairman, this marks another key milestone for DomaCom.
Strategic Investment Approaches for Wealth Building
Lumiere will invest in 107,142,857 fully paid ordinary shares at $0.014 each (before consolidation) as per the agreement. In addition to this equity investment, Lumiere will be granted 88,360,980 options exercisable at $0.014 or the 5-day VWAP (subject to a $0.021 maximum), with a final expiration on April 30, 202. Furthermore, Lumiere will receive 142,857,143 options, which can be exercised at $0.021 or the 5-day VWAP (with a $0.014 cap), expiring on December 31, 2025, and requiring shareholder approval. Subject to shareholder approval at the upcoming AGM, a 5:1 share consolidation will be implemented.
Advancing Growth Through Fresh Investment Capital
A trio of new funds will be unveiled by DomaCom and Lumiere:
- Maison Rose Care Fund – Offering capital to care providers, with returns based on fixed-income structures.
- Lumiere Homeowner Shared Equity Fund – Allocating funds to residential property using DomaCom’s Bricklet Shared Equity model.
- Evercare Living SDA Property Fund – Focused on investments in Specialist Disability Accommodation (SDA) properties, across multiple assets.
According to Giuseppe Porcelli, Chairman of DomaCom, the placement reflects Lumiere’s trust in DomaCom’s strategic direction and expertise.
Building Asset Portfolios & Enhancing Investor Outcomes
Lumiere allows investors in underperforming sub-funds to transition their capital into the Maison Rose Care Fund, potentially enhancing their returns. This is achieved by offering two options: Scrip Consideration, where investors reinvest 75% in the Maison Rose Care Fund and receive 30% of that amount as bonus fund units, effectively increasing their investment; or Cash Consideration, where they receive a lump-sum cash distribution based on 75% of their asset’s valuation. By acquiring these assets, Lumiere aims to revitalize them and unlock greater value for investors. This strategic partnership with DomaCom, as emphasized by Lumiere Lifestyle Group CEO Michael Elliott, is designed to achieve this objective.
Growth Trajectory & Market Significance
DomaCom is driving fund growth, portfolio restructuring, and improved investor access with a $3.5 million investment boost. Completion is anticipated by 31 March 2025, pending approvals.
