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JAYRIDE GROUP LIMITED — Capital/Financing Update 2018
Jan 24, 2018
65156_rns_2018-01-24_043eb12f-96e2-4ccc-9a71-09ea1741efcb.pdf
Capital/Financing Update
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George Tharian Adviser Listings Compliance (Sydney) ASX Compliance Pty Ltd 20 Bridge Street Sydney NSW 2000
25 January 2018
Dear George,
Pre-Quotation Disclosure
We refer to your letter dated 18 December 2017 with respect to the listing of Jayride Group Limited (the Company) (the Listing Decision).
Issue of Options
In satisfaction of paragraph 2.2.11 of the Listing Decision the Company confirms that on 18 December 2017 the Company issued 16,334,738 unlisted options exercisable at $0.553 each expiring on 31 March 2020 (Unlisted Options) and has on the same day cancelled 16,334,738 Warrants on issue as described in Section 3.2 and 3.5 of the Prospectus. Holders of Warrants received Options on a 1 for 1 basis.
Statement of Restricted Securities
In satisfaction of Paragraph 2.2.12 of the Listing Decision, provided below is a statement of securities subject to ASX imposed restriction and the restriction period that applies to those securities.
| Security | Number of Securities | Restriction Period |
|---|---|---|
| FPO Shares | 1,613,312 | 12 months from the date of issueReleasing: 18 August 2018 |
| FPO Shares | 22,184,259 | 24 months from the date of quotationReleasing: 29 January2020 |
| Unlisted Options | 9,929,329 | 12 months from the date of issueReleasing: 18 December 2018 |
| Unlisted Options | 6,405,409 | 24 months from the date of quotationReleasing: 29 January 2020 |
The Unlisted Options referred to in the above table refer to the Options issued in replacement of the Warrants as described in Section 3.2 and 3.5 of the Prospectus.
Issue of Shares on Exercise of Employee Options
As disclosed in Section 8.7 of the Prospectus, the Company provided loans to employees to allow them to convert existing Employee Options into FPO Shares at listing. In satisfaction of paragraph 2.2.11 of the Listing Decision, the Company confirms that the conversion of 4,798,512 Employee Options in to 4,798,512 FPO Shares was effected on 18 December 2017.
In accordance with the terms of the issue of the Options and the loan agreements between the Company and the holders, the Shares are subject to a holding lock of three years from the date of issue of the Employee Options. In satisfaction of Paragraph 2.2.13 of the Listing Decision, provided below is statement of those securities subject to a holding lock and period that the holding lock applies.
Jayride Group Limited
ACN 155 285 528
Level 11, 55 Clarence Street, Sydney NSW 2000, Australia e. [email protected] | w. jayride.com
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| Security | Number of Securities | HoldingLock Release Date | |
|---|---|---|---|
| FPO Shares | 1,786,908 | 30 November 2018 | |
| FPO Shares | 3,492 | 31 December 2018 | |
| FPO Shares | 34,392 | 28 February2019 | |
| FPO Shares | 37,656 | 31 March 2019 | |
| FPO Shares | 33,552 | 30 April 2019 | |
| FPO Shares | 129,660 | 31 May2019 | |
| FPO Shares | 268,500 | 31 July2019 | |
| FPO Shares | 138,108 | 31 August 2019 | |
| FPO Shares | 68,208 | 30 November 2019 | |
| FPO Shares | 11,364 | 31 December 2019 | |
| FPO Shares | 10,764 | 31 January2020 | |
| FPO Shares | 17,400 | 28 February2020 | |
| FPO Shares | 17,196 | 31 March 2020 | |
| FPO Shares | 16,968 | 30 April 2020 | |
| FPO Shares | 16,692 | 31 May2020 | |
| FPO Shares | 29,388 | 30 June 2020 | |
| FPO Shares | 875,460 | 30 September 2020 | |
| FPO Shares | 1,302,804 | 31 October 2020 | |
| Total | 4,798,512 |
Yours sincerely,
Henry Kinstlinger Company Secretary