AI assistant
ADVANCED BRAKING TECHNOLOGY LTD — Capital/Financing Update 2014
May 28, 2014
64282_rns_2014-05-28_00d00ce8-beee-499d-932e-f1f20b489904.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Unit 1, 3 McDonald Street Osborne Park WA 6017
==> picture [175 x 55] intentionally omitted <==
PO BOX 1177 Osborne Park DC WA 6916
Telephone: +61 8 9273 4800 Fax: +61 8 9201 9986 www.advancedbraking.com
29 May 2014
ASX CODE: ABV
CAPITAL STRUCTURE UPDATE
Advanced Braking Technology Ltd (Company) wishes to advise that it has now issued shares and loyalty options in connection with its pro-rata non-renounceable entitlements offer ( Entitlements Offer ) to existing shareholders.
The issued capital of the Company following issue is as follows:
| The issued capital of | the Company following issue is as follows: |
|---|---|
| Number | Class |
| 1,277,694,671 | Fully paid Ordinary Shares |
| 85,313,675 | Listed options exercisable at 1.2 cents each on or before 15 August 2016. |
| 17,950 | Unlisted convertible notes with a value of $100 per note, convertible intoshares at $0.0098 per share, convertible any time prior to the maturity dateof 15 August 2016 |
| 5,000 | Unlisted convertible notes with a value of $100 per note, convertible intoshares at $0.0098 per share, convertible any time prior to maturity date of19 November 2016 |
As noted in the Company’s announcement of 16 May 2014, the Company in cooperation with the Lead Manager to the Entitlements Issue, PAC Partners, is undertaking to place shortfall securities. The placees will be entitled to the loyalty options, exercisable at 1.2 cents on or before 15 August 2016, on the same basis as subscribers under the Entitlements Issue, ie one loyalty option for every two new shares issued.
ENDS
For Further information, please contact:
Mr Graeme Sumner Chief Executive Officer Advanced Braking Technology Ltd Telephone: +61 (0)8 9273 4800 www.advancedbraking.com
About Advanced Braking Technology Ltd
Advanced Braking Technology Ltd (ASX: ABV) develops innovative braking systems, with its main product being the Sealed Integrated Braking System (SIBS ®), a comprehensively patented Australian invention, now used widely in light commercial vehicles in the mining industry.
Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]