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ECHOIQ LIMITED — Share Issue/Capital Change 2022
Jul 25, 2022
64833_rns_2022-07-25_72c465c8-d87d-45be-ac8d-871c680d9ba1.pdf
Share Issue/Capital Change
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ASX: EIQ RELEASE
26 JULY, 2022
S708A CLEANSING NOTICE
Sydney: AI & Medical Technology company Echo IQ (the Company ) (ASX:EIQ) has issued 300,000 fully paid ordinary shares ( Shares ) on 25 July 2022 to an employee of the Company as a bonus for their contribution in helping facilitate the sale of Prometheus Information Pty. Limited (a previous wholly owned subsidiary of the Company).
The shares have been issued at a price of $0.104, being the 7-day average closing price to the date the sale was completed (July 1, 2022).
The shares will be subject to a voluntary escrow period of 6 months from the date of issue.
The Shares are part of a class of securities quoted on the Australian Securities Exchange Limited (ASX).
The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act 2001. The Shares were issued without disclosure to the investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act 2001. The Company, as at the date of this notice, has complied with:
i) the provisions of Chapter 2M of the Corporations Act 2001; and ii) Section 674 of the Corporations Act 2001.
There is no excluded information as at the date of this notice, for the purposes of Sections 708A(7) and (8) of the Corporations Act 2001.
-ENDS-
Authorised for release by the Board of Directors of Echo IQ Limited.
Media enquiries:
Philip Woolff, Chief Operating Officer [email protected] / +61 (0)490 030 620 / [email protected]
Investor enquiries:
Andrew Grover, Executive Chair [email protected] / +61 (0) 481 339 512 / [email protected]
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ABOUT ECHO IQ
Echo IQ uses AI-driven technology and proprietary software to improve decision making in Cardiology, Health Insurance and Defence. The company is based in Sydney, Australia.
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