Public Share Offer Finalised
Perth, Mar 31, 2016 AEST (ABN Newswire) - Raya Group Ltd (
ASX:RYG) is pleased to advise that the Company has issued the balance $5,300,000 worth of the public offer shares. This included the $500,000 priority offer to existing shareholders, which was heavily oversubscribed requiring significant scale backs of allocations. The company has begun notifying priority subscribers of final entitlement and processing refunds for the oversubscribed amounts.
The Company has now completed the public offer as announced on 18 January 2016, which raised $8 million.
In conjunction with completion of the public offer, the Company also wishes to advise that it has issued 15,000,000 Advisor Shares to various advisors to the public offer as well as 30,000,000 options to EAS Advisors LLC, as contemplated in the prospectus lodged on 18 January 2016.
An Appendix 3B was released to the market on 30 March 2016.
The following securities issued 30 March are subject to ASX escrow, see table in link below.
The Company is now finalising all outstanding ASX conditions to complete the relisting of its shares on ASX.
The expected date for re-quotation of the Company's shares on the ASX (subject to RYG satisfaction of Chapters 1 and 2 of ASX Listing Rules) is 5 April 2016.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/V8Z9A0Z0
About XPED Ltd
XPED Ltd (ASX:XPE) is an Australian Internet of Things (“IoT”) technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. Xped provides technology solutions for Smart Home, Smart Building, and Healthcare.
At Xped, we’re Making Technology Easy Again(TM)
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