Forthcoming Release of Securities Subject to Voluntary Escrow
Sydney, Aug 8, 2017 AEST (ABN Newswire) - In accordance with ASX Listing Rule 3.10A, MYOB Group Limited (
ASX:MYO) ('Company') advises that Shares currently held under voluntary escrow arrangements will be released from escrow during August and September 2017, as described below.
Shares to be released from escrow on 24 August 2017
A total of 9,491,985 Shares will be released from escrow at 4.15pm (Sydney time) on 24 August 2017, the day on which the financial results of the Company for the 6-month period ending 30 June 2017 are scheduled to be released to ASX. These Shares are held by Management Shareholders.
Shares to be released from escrow on 30 September 2017
A total of 14,922,514 Shares will be released from escrow on 30 September 2017. These Shares are held by Management Shareholders following the conversion of Performance Shares on 30 September 2016.
Please note that the release of the above escrowed Shares does not change the issued capital of the Company.
A total of 5,414,496 Performance Shares remain held under voluntary escrow until their test date of 30 September 2017.
Management Shareholders, Shares and Performance Shares have the meaning given in the Company's prospectus dated 14 April 2015.
About Myob Group Ltd
MYOB Group Ltd (ASX:MYO) is a leading provider of online business management solutions. It makes business life easier for approximately 1.2 million businesses and accountants across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. It provides ongoing support through client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly through its Connected Practice Strategy and through the development of the MYOB Platform. For more information, follow @MYOB on Twitter or visit https://investors.myob.com.au/Investors
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