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BRAVURA SOLUTIONS LIMITED. — Capital/Financing Update 2017
Nov 9, 2017
64588_rns_2017-11-09_a90dd3e0-9c2d-4418-89e5-1b88e1328330.pdf
Capital/Financing Update
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Bravura Solutions Limited Level 6, 345 George Street Sydney, NSW 2000 Australia
10 November 2017
Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000
Phone: +61 (0) 2 9018 7800 Fax: +61 (0) 2 9018 7811 www.bravurasolutions.com ACN 164 391 128
Electronic Lodgement via ASX Online
Release of securities subject to voluntary escrow - Bravura Solutions Limited (ASX: BVS)
Bravura refers to its notice on 9 August 2017 confirming that 3,658,596 shares held by the Management Shareholders (as defined in Bravura's Prospectus dated 28 October 2016) under voluntary escrow arrangements will be released from escrow when the volume weighted average price of the shares over any period of 10 consecutive trading days following the release of the financial results of Bravura for the financial year ending 30 June 2017 (Financial Results) exceeds $1.74 (in accordance with the escrow deeds entered into by the Management Shareholders).
Bravura has today informed ASX that the volume weighted average price of its shares has exceeded $1.74 in a 10 consecutive trading day period following the release of the Financial Results and that 3,658,596 shares held by the Management Shareholders at the time of Bravura's listing will be released from escrow at 4:15pm (Sydney Time) today.
The conditions for release from voluntary escrow are described in Bravura's Prospectus dated 28 October 2016.
Yours sincerely
Martin Deda Company Secretary Bravura Solutions Limited