Bonus Options Offer - updated timetable
Melbourne, June 14, 2017 AEST (ABN Newswire) - Xped Limited (
ASX:XPE) ("Xped" or "the Company") is pleased to announce updated details of the non-renounceable pro rata offer to shareholders of one Bonus Option for every two shares held in the Company, initially announced on 18 May 2017.
Following completion of the recent share consolidation on a 2:1 basis, each Bonus Option will have an issue price of $0.001, an exercise price of $0.04 and will expire 6 months from the date of issue. There have also been some minor adjustments to the proposed timetable which are set out below.
Participation in the Bonus Option offer is optional and is available exclusively to shareholders of Xped who are registered as holders of Shares at 7pm (AEST) on the Record Date of Thursday 22 June 2017 and whose registered address is in Australia or New Zealand.
A further announcement will be made once the prospectus for the offer of the Bonus Options (which will contain full details of the offer) has been completed and filed with ASIC. The Prospectus, together with a personalised application form, will be dispatched to eligible shareholders on Tuesday 27 June 2017.
Xped is pleased with and would like to thank shareholders for the support it has received during this early stage of the Company's development. There have been advances as well as delays, and the Company's Directors believe that these Bonus Options will reward shareholders for their patience as the Company continues to develop. The aim of the Bonus Option offer is to give loyal shareholders the option to participate in the short term growth of the Company as it brings its products to market and, at the same time, to generate funds which will assist in the rollout of those products.
Timetable
The indicative timetable for the Bonus Option offer is set out below:
Description: Lodge s713 prospectus and notice to existing option holders
Business Day: Monday, 19 June 2017
Description: Notice to security holders containing information required by Appendix
3B
Business Day: Tuesday, 20 June 2017
Description: "Ex" date
Business Day: Wednesday, 21 June 2017
Description: Record Date
Business Day: Thursday, 22 June 2017
Description: Despatch of prospectus
Business Day: Tuesday, 27 June 2017
Description: Offer closing date
Business Day: Tuesday, 11 July 2017
Description: Securities quoted on a deferred settlement basis
Business Day: Wednesday, 12 July 2017
Description: Notification of under subscriptions
Business Day: Friday, 14 July 2017
Description: Issue date
Business Day: Tuesday, 18 July 2017
Note: The above timetable is indicative only. The Directors of the Company reserve the right to amend the record date and timetable for the issue of the Bonus Options, subject to the requirements of the Corporations Act 2001 and ASX Listing Rules.
To view an updated Appendix 3B in respect of the proposed Bonus Option offer, please visit:
http://abnnewswire.net/lnk/KQS7YB4Z
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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