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HAZER GROUP LIMITED — Capital/Financing Update 2016
Jan 17, 2016
65086_rns_2016-01-17_88460da8-e270-4f9c-9bfe-634443865370.pdf
Capital/Financing Update
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HAZER GROUP LIMITED (ASX: HZR) ASX ANNOUNCEMENT 18[TH] January 2016
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RELEASE OF RESTRICTED SECURITIES FROM ESCROW
In connection with the quotation of Hazer Group Limited’s fully paid ordinary shares on the ASX on 2[nd] December 2015, certain security holders were required to enter into ASX imposed restriction agreements. These agreements restricted the relevant security holder from dealing in their securities for a range of periods set by the ASX, up to 24 months from the date of official quotation.
In accordance with Listing Rule 3.10A, the Company advises that 8,956,375 fully paid ordinary shares in the Company are due to be released from escrow on 30[th] January 2016, being 12 months from the date of issue of these securities.
Application for quotation of 8,956,375 fully paid ordinary shares will be made following their release from restriction.
Thereafter, the following securities will remain subject to ASX restrictions with the restriction periods outlined below:
| Security | Release Date | Number |
|---|---|---|
| Ordinary Shares | 24thApril 2016 | 928,121 |
| Ordinary Shares | 25thMay 2016 | 200,000 |
| Ordinary Shares | 2ndDecember 2017 | 10,219,837 |
| Total Restricted Ordinary Shares | 11,347,958 | |
| Series A Unlisted Options | 2ndDecember 2017 | 11,350,000 |
| Series C Unlisted Options | 2ndDecember 2017 | 4,850,000 |
| Series D Unlisted Options | 2ndDecember 2017 | 4,850,000 |
| Series E Unlisted Options | 2ndDecember 2017 | 10,000,000 |
| Total Restricted Unlisted Options | 31,050,000 |
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Emma Waldon Company Secretary
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