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INVION LIMITED — Share Issue/Capital Change 2010
Aug 26, 2010
65148_rns_2010-08-26_f7aeaa35-9d9c-45f5-915c-ba2e85dde24f.pdf
Share Issue/Capital Change
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27 August 2010
The Manager Company Announcements Office ASX Limited 20 Bridge St SYDNEY NSW 2000
Dear Sir,
RELEASE FROM ESCROW
Quoted Securities
CBio Limited advises that the following ordinary fully paid shares are due to be released from escrow during the month of September 2010:
| RELEASE DATE | NUMBER | DETAIL |
|---|---|---|
| 2 September 2010 | 255,000 | Ordinary fully paid shares |
| 28 September 2010 | 30,000 | Ordinary fully paid shares |
| 30 September 2010 | 390,000 | Ordinary fully paid shares |
The remaining 10,922,253 ordinary shares and 4,780,460 share options will be released from escrow by 9 November 2010.
A further 3,359,744 ordinary shares and 15,087,484 share options are subject to a 24-month escrow restriction and will be released from escrow on 15 February 2012.
The Company will lodge Appendix 3B’s in relation to these securities as they are released from escrow.
Unquoted Securities
The following Convertible Note will be released from 12-month escrow on 28 August 2010:
| FaceValue | Date of | Sharesissued if | Optionsissued if |
|---|---|---|---|
| $ | issue | converted | converted |
| 1,000,000 | 28/08/09 | 3,500,000 | 1,250,000 |
The securities were issued to shareholders in the year preceding the Company’s Initial Public Offering, and were subject to an ASX-imposed escrow for 12 months from the date of issue of the securities. Four further convertible notes subject to 12 month escrow will be released from escrow by 28 October 2010.
For and on behalf of the Board of CBio Limited
BEN GRAHAM
Company Secretary