AI assistant
DEVELOP GLOBAL LIMITED — Share Issue/Capital Change 2024
Oct 1, 2024
64801_rns_2024-10-01_4364036f-3ab4-4d78-840a-0fd03db65738.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
DEVELOP GLOBAL LIMITED
2 October 2024
ASX Market Announcements Office ASX Compliance Pty Ltd Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000 Dear whom it may concern
Notice under section 708A(5)(E) of the Corporations Act 2001 (Cth) Develop Global Limited (ABN 28 122 180 205) (ASX: DVP) ( Develop or the Company ) advises that it has today issued a total of 4,807,692 fully paid ordinary shares in the capital of the Company ( New Shares ).
The New Shares were issued to OMF Fund II (H) Ltd as detailed in Develop’s ASX Announcement tilted “Develop awards contract to GR Engineering Services” released on 20 September 2024.
Develop hereby provides notification under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) of the issue of the New Shares. The Act restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice ( Notice ), a sale of the New Shares will fall within the exemption in section 708A(5) of the Act and they will be able to be traded immediately.
Develop advises that it is still to make a cash payment to OMF Fund II (H) Ltd of up to $10,000,000 in the coming weeks as detailed in Develop's ASX Announcement titled "Develop awards contract to GR Engineering Services” released on 20 September 2024". Develop advises that:
(a) Develop issued the New Shares without disclosure to investors under Part 6D.2 of the Act;
(b) this Notice is being given under section 708A(5)(e) of the Act;
(c) as at the date of this Notice, Develop has complied with:
(i) the provisions of Chapter 2M of the Act as they apply to Develop; and
(ii) sections 674 and 674A of the Act; and (d) as at the date of this Notice, there is no excluded information, within the meanings of section 708A(7) and 708A(8) of the Act.
This announcement was authorised for lodgement by the Board of Develop.
Ends
For further information please contact:
Media Enquiries
Investor Enquiries Media Enquiries Bill Beament Paul Armstrong Develop Read Corporate T: +61 8 6389 7400 P: +61 8 9388 1474 E: [email protected] E: [email protected]