$4M Placement at 51.5% Premium
Sydney, Oct 26, 2016 AEST (ABN Newswire) - Brand Protection and Customer Engagement solutions company YPB Group Ltd (
ASX:YPB) has completed a A$4 million placement to an existing shareholder.
YPB COMPLETES A$4M PLACEMENT AT 51.5% PREMIUM
- $4M placement to existing sophisticated shareholder at $0.25, a 51.5% premium to last traded price
- Four out of the money options issued per share
A total of 16 million ordinary new shares will be issued at $0.25 per share, a 51.5% premium to the last closing price of $0.165.
Each share issued has four attached out of the money options with strike prices of $0.35, $0.45, $0.55 and $0.65, spread equally with a 10 year expiry.
YPB Executive Chairman John Houston said: "We welcome the additional investment from our existing shareholder, which will assist YPB in reaching our targets of breakeven and profit in 2017. It is an excellent show of confidence in the YPB business."
To view the announcement, please visit:
http://abnnewswire.net/lnk/8DS4RO38
About YPB Group Ltd
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