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ADISYN LTD — Capital/Financing Update 2024
Feb 25, 2024
64342_rns_2024-02-25_55eb16f2-c8a6-4b37-bf7e-5941d07af8b8.pdf
Capital/Financing Update
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The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000
NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT
26 FEBRUARY 2024: Secondary Trading Notice (the 'Notice') Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 (the 'Act')
Adisyn Ltd (ASX: AI1) (Company) confirms that today it has completed the issue of 14,900,000 fully paid ordinary shares to raise $298,000 by way of placement to sophisticated, professional and institutional investors. The shares issued today have been issued from the Company’s existing placement capacity.
The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the shares issued on the 26 February 2024 will fall within exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
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The Company has issued the Shares without disclosure to investors under Part 6D.2 of the Act; and
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as at the date of this Notice, the Company has complied with provisions of Chapter 2M of the Act as they apply to the Company, and section 674 and 674A of the Act; and;
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as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act, other than as set out directly below:
- a) as previously announced to ASX on 17 March 2023 and further updated in the Annual Report dated 29 September 2023 the company sought legal advice in respect of the veracity of a writ of summons and has subsequently filed its defence. The Company will keep the market informed about these proceedings in accordance with its continuous disclosure obligations.
This notice is authorised for ASX release by the Board of Adisyn Ltd.
Yours faithfully,
Kyla Garic Company Secretary Adisyn Ltd
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----- Start of picture text ----- Adisyn Ltd | ACN 155 473 304 | 1300 331 888 | 27 Aspiration Circuit, Bibra Lake WA 6163 | adisyn.com.au----- End of picture text -----