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CODEIFAI LIMITED Capital/Financing Update 2015

Feb 3, 2015

64630_rns_2015-02-03_2386cdab-fa1f-4390-a25a-70180cb89a51.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

4 February 2015

YPB Group Ltd (ASX:YPB) (ASX:YPBO) Rights Issue – Allocation of Shortfall Options

As shareholders would be aware from our announcement on 21 January 2015 the non-renounceable rights issue was heavily oversubscribed with 83.6% of entitlements being taken up and shortfall applications ultimately received totalling approximately 53.75ml.

The directors of the Company have today finalised the allocation of the available shortfall of 4,452,958 options.

The Rights Issue being fully subscribed has resulted in a total of 27,230,420 $0.01 quoted options being issued raising a total of $272,230.20

Allotment of the options and dispatch of holding statements will occur today, Wednesday 4 February 2015, additionally today refund cheques be dispatched to shareholders whose applications could not be met in full.

Attached hereto is a copy of our communication with shareholders that will be attached to the aforementioned dispatches.

The directors of the Company wish to thank all shareholders who participated in the Rights Issue.

Yours faithfully

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Robert Whitton

Director & Company Secretary

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YPB Group Ltd Application for Shares on Exercise of Options

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Options exercisable at A$0.20 expiring at 5.00pm (Sydney Time) on 31 October 2017

Number of Options Registered in your name:

To be completed by Optionholder:

Number of Options being exercised:

Multiplied by the Amount Paid: exercise price of A$0.20

Payment may only be made by BPAY or cheque. Cash will not be accepted via the mail or at the YPB Group Ltd Share Registry. Payments cannot be made at any bank. Please tick the relevant box below to confirm your method of payment.

Payment Option 1 – BPAY o (tick the relevant box)

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Biller Code: Ref:

Telephone & Internet Banking - BPAY®

Contact your bank, credit union or building society to make this payment from your cheque or savings account. More info: www.bpay.com.au

® Registered to BPAY Ltd ABN 69 079 137 518

  • If paying by BPAY you must still return this exercise notice with your signature(s) below

  • The amount of your payment received in the account divided by the exercise price will be deemed to be the total number of options you are exercising

Payment Option 2 – Cheque (Record cheque details below) o (tick the relevant box)

DRAWER CHEQUE NO. BSB NO. ACCOUNT NO. AMOUNT $AUD
$
  • Only cheques or bank drafts in Australian dollars and drawn on a bank or financial institution in Australia will be accepted.

  • Your cheque or bank draft must be made payable to “YPB Group Ltd and crossed Not Negotiable and should be attached to this form.

  • The amount of your payment received in the account divided by the exercise price will be deemed to be the total number of options you are exercising

To the Directors

YPB Group Ltd (‘ Company ’)

I/We being the registered holders Options each to acquire one Fully Paid Ordinary Share in the Company hereby give notice of the exercise of Options and attach hereto my/our cheque payable to “YPB GROUP LTD” in payment of such exercise.

I/We agree to my/our name/s being placed on the Register of Members in respect to the number of shares in the Company allotted and to be bound by the Constitution of the Company.

Please sign here:

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----- Start of picture text -----

Shareholder 1 (Individual) Joint Shareholder 2 (Individual) Joint Shareholder 3 (Individual)
Sole Director & Company Secretary Director Director / Company Secretary
Telephone No. (Business Hours) ( ) Date
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Lodgement of Application

YPB Group Ltd C/- Boardroom Pty Limited, GPO Box 3993, SYDNEY NSW 2001

Neither Boardroom Pty Limited nor the Company accepts any responsibility if you lodge this Application at any other address or by any other means.

TERMS OF OPTIONS YPB Group Ltd

Terms of and rights attaching to New Options

Entitlement

Subject to and conditional upon any adjustment in accordance with these conditions, each New Option entitles the holder to subscribe for one fully paid New Share upon payment of the Exercise Price.

Exercise Price

The Exercise Price of each New Option is $0.20 per New Share (Exercise Price).

Expiry Date

Each New Option will expire at 5.00pm (Sydney time) on 31 October 2017 (Expiry Date). A New Option not exercised before the Expiry Date will automatically lapse on the Expiry Date.

Exercise Period

The New Options are exercisable at any time from the date of their issue until the Expiry Date (Exercise Period).

Notice of Exercise:

The New Options may be exercised during the Exercise Period by forwarding to the Company at its principal office the exercise notice, duly completed, (Notice of Exercise) together with payment of the Exercise Price for each New Option being exercised in Australian currency.

Exercise Date

A Notice of Exercise is only effective on and from the later of the date of receipt of the Notice of Exercise and the date of receipt of the payment of the Exercise Price for each New Option being exercised in cleared funds (Exercise Date).

Timing of issue of New Shares on exercise

Within 14 days after the Exercise Date, the Company will:

  • allot and issue the number of New Shares required under these terms and conditions in respect of the number of New Options specified in the Notice of Exercise and for which the Exercise Price has been received by the Company in cleared funds; and - if admitted to the official list of ASX at the time, apply for official quotation on the ASX of New Shares issued pursuant to the exercise of the New Options.

New Shares issued on exercise

New Shares issued on exercise of the New Options rank equally with the then issued Shares of the Company.

Quotation of New Shares issued on exercise

If the Company is admitted to the official list of the ASX at the time, application will be made by the Company to the ASX for quotation of the New Shares issued upon the exercise of the New Options.

Reconstruction of capital

If at any time the issued capital of the Company is reconstructed (including consolidation, subdivision, reduction or return), all rights of a holder of New Options are to be changed to the extent necessary in a manner consistent with the Corporations Act and the ASX Listing Rules at the time of the reconstruction.

Participation in new issues

There are no participation rights or entitlements inherent in the New Options and holders of New Options will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the New Options without exercising the New Options. Holders of New Options will be afforded the period of at least 9 Business Days prior to and inclusive of the record date (to determine entitlements to the new issue) to exercise their New Options.

Change in Exercise Price / number of New Shares

If there is a bonus issue to Shareholders, the number of New Shares over which a New Option is exercisable may be increased by the number of Shares which the holder of the New Option would have received if the New Option had been exercised before the record date for the bonus issue.

In the event that a pro rata issue (except a bonus issue) is made to Shareholders, the Exercise Price of the New Options may be reduced in accordance with ASX Listing Rule 6.22.

A New Option does not confer the right to a change in the Exercise Price or a change in the number of underlying securities over which the New Option can be exercised.

Quoted

The Company will apply for quotation of the New Options on the ASX.

Transferability:

The New Options are transferable at any time until the Expiry Date by an instrument (duly stamped where necessary) in the form commonly used for transfer of options, subject to any restriction or escrow arrangements imposed by the ASX if the Company is listed on the ASX or under applicable Australian securities laws.