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CODEIFAI LIMITED — Capital/Financing Update 2015
Apr 20, 2015
64630_rns_2015-04-20_205124da-1d55-4637-920d-e3e35f52d527.pdf
Capital/Financing Update
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ASX: YPB
ASX/MEDIA ANNOUNCEMENT 21 April 2015
YPB raises $1.3m in Share Purchase Plan
The Board of Anti-counterfeiting technology Company YPB Group Limited (ASX: YPB) (YPB, the Company) is pleased to announce that it has successfully raised approximately $1.3 million in its Share Purchase Plan (SPP).
The SPP which closed on 17 April, offered to existing, eligible shareholders the opportunity to subscribe for up to $15,000 in new shares. The take-up from the shareholder base of eligible and marketable parcels holders represents a very satisfactory 25% acceptance of the offer. A total of approximately 4.22 million shares were subscribed for under the SPP at the issue price of 30c per share, the same price as the recently completed Placement to new strategic investors, which raised $3.1 million.
YPB is delighted with what was a high level of uptake in the SPP from shareholders with an average of $9490.00 invested per accepting shareholder.
In conjunction with the funds raised in the Placement, the proceeds of the SPP will be utilised to help fund, the ongoing expansion of YPB’s unique anti-counterfeit invisible tracer and scanner technology, its Brand Reporter business, acquisitions and the expansion currently being undertaken in USA, South East Asia and Australia.
The allotment of the new shares under the SPP is expected to occur on or before 30 April 2015
The SPP also included 1 attaching option for every 4 shares subscribed for at a price of 1 cent per option, exercisable at 20 cents on or before 31 October 2017. The issue of the options under the SPP is subject to obtaining shareholder approval at the Company’s upcoming AGM, to be held on 27 April 2015. Subject to such approval approximately 1.055 million options will be allotted on or before 30 April 2015.
The new shares will rank equally in all respects with existing YPB fully paid ordinary shares and the options will be included in the existing class of listed options.
The Company extends its appreciation to all shareholders who participated in the SPP for their continued strong support.
For further information please contact;
Mr John Houston Mr Robert Whitton CEO Director and Company Secretary YPB Group Limited YPB Group Limited T: +61 458 401 088 T: +61418962212 E: [email protected] E: [email protected]
Media and Investor Inquiries Lead Manager James Moses Greg Wood Media and Investor Relations Managing Director Mandate Corporate KS Capital T: +61 420 991 574 T: +61 416 076 377 E: [email protected] E: [email protected]
About YPB Group
YPB Group (ASX: YPB) in Chinese means “you pin bao” or in English “excellent brand protection” and is an anticounterfeiting technology developer and provider. YPB has a unique, cost effective, invisible and indestructible anti-counterfeit solution that allows companies and governments to protect the value of their brands and minimise loss of earnings from counterfeiting. YPB and is certified and licensed in The People’s Republic of China.
YPB Group’s core products include;
Covert Forensic Tracers – Patented, these are hidden, invisible particles fused into a product or packaging during or after the manufacture process. The Tracers are inexpensive can be used in all key product manufacturing and packaging industries including plastics, paper, inks, textiles and coatings. They cannot be seen or removed, are non-toxic and meet Food Contact specifications. They consist of infrared, UV light energy and X-ray sensitive particles detectable by YPB’s scanner technology.
YPB owns two patents over its Tracer products and is the only Company currently licensed in China that supplies invisible tracers.
Scanner – YPB’s proprietary scanner detects YPB’s forensic Tracers, they are low cost and can be used at any point in the supply chain – from manufacture through to point-of-sale.
Brand Reporter – A Patent Pending technology platform designed for Governments, Brands and consumers to identify, manage, track and report counterfeit of divergent products within supply chains or at point of sale in a simple and easily deployed application suite available on all popular smartphones.