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MEMPHASYS LIMITED. — Capital/Financing Update 2021
Feb 16, 2021
65314_rns_2021-02-16_9a909ca4-e991-4fc3-b10d-ec3a5029eca2.pdf
Capital/Financing Update
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ASX Release 17 February 2021
ASX Code: MEM
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Cancellation of performance options
Memphasys Limited (“Memphasys’ or the ‘Company’) advise that as a result of the Company not meeting the milestone hurdle for the vesting of performance options on 31 December 2020, 8,750,000 performance options previously issued to staff and consultants have lapsed and have been cancelled.
The performance options were approved for issue by shareholders on 21 October 2019 and were exercisable at a price of $0.1142.
This announcement has been approved for release by the board of Memphasys Limited.
ENDS
For further information please contact:
Alison Coutts David Tasker Executive Chairman Managing Director Memphasys Limited Chapter One Advisors T: +61 2 8415 7300 T: +0433 112 936 E:[email protected] E: [email protected]
About Memphasys:
Memphasys Limited (ASX: MEM) specialises in biological separations for high value commercial applications. The Company’s patented membrane processes in combination with electrophoresis, the application of an electrical potential difference across a fluid, enable the separation of high value substances or contaminants from the fluid in which they are contained.
The first commercial application of the technology is the separation of the most viable sperm cells for artificial reproduction, most particularly for human IVF.
Website: www.memphasys.com