Voluntary escrow release
Sydney, Feb 2, 2018 AEST (ABN Newswire) - YPB Group Ltd (
ASX:YPB) advises in accordance with Listing Rule 3.10A that the following securities will be released from voluntary escrow on 15 February 2018.
1,000,000 Fully Paid Ordinary Shares
All of the above securities were issued to Ralph Davis pursuant to an agreement between Ralph and the Company to payout the balance of his employment contract (approximately 2 years) by the issuance of Shares. Pursuant to the Agreement, 8,000,000 Shares were issued at a deemed price of $0.0533 per Share on 13 September 2017. Subsequent to this release 6,000,000 Shares remain escrowed, with such being released progressively, with the last release due on 12 June 2019.
No funds were raised as a result of the issue. Approval for the issue of the securities issued was given at a meeting of shareholders held on 27 November 2017.
About YPB Group Ltd
DEACTIVATED
| ||
|
