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DGL GROUP LIMITED — Share Issue/Capital Change 2021
Dec 2, 2021
64770_rns_2021-12-02_c742962a-78ab-43e9-b5f2-dc6deaa29c4f.pdf
Share Issue/Capital Change
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ASX RELEASE
3 December 2021
Settlement of Related Party Loan & Cleansing Statement
DGL Group Limited (ASX:DGL) (NZX:DGC), wishes to advise that shareholder approval was granted at the Company's recent AGM for the issue of fully paid ordinary shares in the capital of DGL (Repayment Shares) to Simon Henry in full and complete satisfaction of DGL's obligation to repay $7,055,351.36 to Simon Henry.
Accordingly, 2,939,729 Repayment Shares have been issued to Simon Henry at a deemed issue price of $2.40 being the closing price of DGL shares on the date of the AGM and being the higher of the 5-day VWAP immediately prior to shareholder approval being granted.
An Appendix 2A for the issue of the above shares follows this announcement.
Notice Under Section 708A
The Company gives notice relating to the issue of securities as identified below.
The above-mentioned shares were issued without disclosure to investors under Part 6D.2, in reliance on section 708A (5) of the Corporations Act.
The Company, as at the date of this notice, has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act.
The Company has complied with the relevant provisions of Chapter 2M and Section 708A (7) and 708A (8) of the Corporations Act.
- ENDS -
Approved for release by the Board of DGL.
CONTACT
Barbara Furci DGL Group Limited +64 9 309 9254 or [email protected]
MEDIA ENQUIRIES
Aileen Bodart Cannings Strategic Communications +61 043 160 136 or [email protected]
DGL Group NZ Level 12 63 Albert Street Auckland 1010, New Zealand p +64 9 309 9254
DGL Warehousing and Distribution DGL Environmental Solutions 739 Progress Road 201 Five Islands Road Wacol, QLD 4076 Unanderra, NSW 2526 Brisbane, Australia Wollongong, Australia p +61 7 3548 7905 p +61 2 4247 2100
DGL Chemical Manufacturing 120 Fulton Drive Derrimut, VIC 3026 Melbourne, Australia p +61 3 8369 9999