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ION VIDEO LTD — Capital/Financing Update 2023
Nov 19, 2023
65133_rns_2023-11-19_e9358ce3-c925-4089-9bdb-1f5c3f261393.pdf
Capital/Financing Update
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ASX Announcement | 20 November 2023
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Extension of Share Purchase Plan
- SPP closing date extended to Friday, 1 December 2023
Melbourne, Australia – 20 November 2023: Linius Technologies Limited (ASX: LNU) ( Linius or Company ) – the only cloud-based solution that unlocks the value of video archives with immersive, deeply personalized viewer experiences via its Linius Video Services (LVS) platform – advises that the closing date for the Share Purchase Plan ( SPP ) announced to ASX on 26 October 2023 will be extended from 5.00pm (AEDT) on Monday, 20 November 2023 to 5.00pm (AEDT) on Friday, 1 December 2023.
The extension is made in accordance with the terms and condition set out in the SPP Offer Booklet and will allow eligible shareholders additional time to submit applications before the closing date. All other terms of the SPP remain the same.
Shareholders who have already applied for shares under the SPP are not required to re-submit their application form unless they wish to apply for additional shares up to the maximum Application Amount of $30,000. Shareholders wishing to participate in the SPP can apply by making payment directly by BPay® or Electronic Funds Transfer (EFT) in accordance with the details on the Application Form.
Under the SPP registered shareholders as at 7:00pm (AEDT) on 25 October 2023 ( Record Date ) can apply for any amount of new fully paid ordinary shares in the Company above a minimum of $1,000 up to a maximum of $30,000 at $0.002 per share.
The updated timetable for the SPP is as follows:
| Event | Date (2023) | |
|---|---|---|
| SPP Record Date (7.00pm) | Wednesday, 25 October | |
| Announcement of SPP | Thursday, 26 October | |
| Lodgement of Appendix 3B with ASX | ||
| SPP offer booklet lodged with ASX | Friday, 27 October | |
| Opening date of SPP offer | ||
| Letters sent to Eligible Shareholders | ||
| Closing date of SPP offer (5.00pm) | Friday, 1 December | |
| Announcement of results of SPP | Thursday, 7 December | |
| Lodgement of Appendix 2A with ASX | ||
| Issue and trading of new shares under SPP |
- The timetable is subject to change.
If you have any questions regarding the Plan or how to deal with this Offer, please contact your stockbroker or professional adviser or the Company’s share registrar, Advanced Share Registry, on +61 (0)8 9389 8033 weekdays from 8.30pm to 5.00pm (WST) or by email at [email protected].
This announcement has been authorised for release to ASX by the Linius Board of Directors.
Linius Technologies Limited (ASX: LNU) ACN 149 796 332 Level 2, 431 St Kilda Road, Melbourne VIC 3004 Australia t: +61 3 8672 7186 / e: [email protected]
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About Linius Technologies Limited:
Linius’ purpose is to unlock the value of the world’s video, creating immersive, deeply personalized viewing experiences. For the first time, we make it possible to find, curate, and utilize the valuable moments across vast libraries of video, enabling viewers to create an infinite amount of personalised video compilations on-the-fly, providing the most relevant content to each viewer.
Our patented Video Virtualisation Engine™ (VVE) turns big, bulky video files into lightweight, searchable data that is enriched with AI and ML, making it easy and efficient for users to find and share what matters to them. Creators and owners of video can drive greater viewing, and monetisation of their video assets.
For more on Linius Technologies, visit www.linius.com
For further information, please contact: James Brennan, CEO, +61 (0)3 8672 7186 or [email protected]
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