DomaCom Secures $1.5M Placement from Lumiere, Launches Three New Funds

Strategic Capital Injection

DomaCom Limited (ASX: DCL) has taken a decisive step to bolster its financial foundation by securing a $1.5 million placement from Lumiere Lifestyle Group Limited. This follows closely on the heels of a $2 million private placement and the appointment of new Chairman Giuseppe Porcelli, signaling a period of renewed strategic focus for the company.

The placement involves Lumiere subscribing for over 107 million fully paid ordinary shares at $0.014 per share on a pre-consolidation basis, alongside a substantial allocation of options exercisable at prices linked to market valuations. The transaction is contingent on shareholder approval and due diligence, with a 5:1 share consolidation also proposed to streamline the capital structure.

Innovative Fund Launches Targeting Growth Sectors

In tandem with the capital raise, DomaCom and Lumiere have unveiled three new funds designed to tap into specific market opportunities. The Maison Rose Care Fund aims to finance care providers, offering fixed income returns while supporting essential care infrastructure. The Lumiere Homeowner Shared Equity Fund leverages DomaCom's Bricklet Shared Equity platform to facilitate residential property purchases with retained equity, lowering barriers for homeowners and investors alike.

Additionally, the Evercare Living SDA Property Fund focuses on Specialist Disability Accommodation, addressing a critical social need with a pooled, multi-asset approach. These funds collectively represent a strategic diversification into sectors with strong demand and social impact, aligning with DomaCom's innovative investment platform ethos.

Asset Acquisitions and Portfolio Restructuring

Lumiere's commitment extends beyond capital injection to acquiring assets from underperforming and maturing sub-funds managed by DomaCom. Investors in these sub-funds are offered flexible options to reinvest proceeds into the Maison Rose Care Fund, with terms designed to provide value beyond typical market sales. This approach facilitates portfolio restructuring, allowing DomaCom to concentrate on high-performing assets and strategic growth areas.

The partnership also supports operational initiatives such as expanding the Bricklet Shared Equity platform and unlocking joint property sales opportunities. Both companies emphasize the alignment of expertise and vision to drive innovation and long-term value creation for investors and stakeholders.

Leadership Perspectives and Market Implications

Chairman Giuseppe Porcelli highlighted the placement as a strong endorsement of DomaCom's vision, emphasizing the growth and innovation potential unlocked through the Lumiere partnership. Lumiere CEO Michael Elliott echoed this sentiment, noting the opportunity to enhance underperforming assets and deliver investor-friendly acquisition terms that encourage participation in future growth.

Completion of the placement and fund launches is expected by the end of March 2025, pending customary conditions and shareholder approvals. This timeline sets the stage for a transformative phase in DomaCom's evolution as it leverages new capital and partnerships to expand its footprint in niche investment sectors.