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CODEIFAI LIMITED — Regulatory Filings 2021
Nov 17, 2021
64630_rns_2021-11-17_386b5e23-9ecb-4df8-8334-3a8d0cf9bacf.pdf
Regulatory Filings
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ASX ANNOUNCEMENT
ASX: YPB | 18 November 2021
YPB fully repays $1.45m Convertible Notes at maturity
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Full settlement of principal sum of $1.45 million plus all interest due
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Clears all borrowings and security
Anti-counterfeit and consumer engagement solutions provider YPB Group Limited (ASX: YPB) (“the Company”) is pleased to advise that it has settled the convertible notes (“Notes”) issued to holders on 19 November 2018. The $1.45m of Note principal plus all interest due have been retired without conversion and the security against the Company’s assets has been removed.
YPB Group CEO John Houston said: “We are pleased to have fully settled the Notes, removing all external borrowings, and I thank all Note holders for their support. This capital was secured when the company was less technically and commercially developed, but the advances made over the past three years are being increasingly recognised by providers of patient equity capital. It is the Board’s strong intention to progress toward a self-funding enterprise as rapidly as possible without further resort to external borrowings.”
This announcement has been authorised by the Board of YPB Group Limited.
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For further information please contact:
YPB investor enquiries Ben Jarvis [email protected] 0413 150 448 [email protected] Six Degrees Investor Relations
About YPB Group
YPB Group Limited (ASX:YPB) is an Australia-based product authentication and consumer engagement solutions provider. YPB's proprietary smartphone enabled technology suite allows consumers to confirm product authenticity and, for brands, that triggers consumers’ engagement.
The combination of YPB’s smartphone authentication solutions and its SaaS Connect platform, creates ‘smart’ product packaging, opening cost-effective, digital and direct marketing channels between brands and their consumers. Connect gathers actionable data on consumer preferences. It can then host tailored marketing campaigns directly back to the scanning smartphone.
YPB Group Limited Suite 1, 295 Rokeby Road Subiaco, Western Australia 6008, AUSTRALIA
ypbsystems.com
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YPB is currently focused on the rapidly growing Australian, South East Asian, and Chinese markets. Its focus is dairy, cannabis, alcohol and cosmetics where the viral growth of fake products, particularly in Asia, affects brand value and endangers consumers. To learn more please visit: ypbsystems.com
YPB Group Limited Suite 1, 295 Rokeby Road Subiaco, Western Australia 6008, AUSTRALIA
ypbsystems.com