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MOTIO LTD — Capital/Financing Update 2014
Dec 18, 2014
65390_rns_2014-12-18_59ffc67b-8f36-43eb-807c-7063340f4929.pdf
Capital/Financing Update
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19 December 2014
Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
Completion of Capital Raising and Acquisition of Lunalite International Pty Ltd
XTD Limited (the Company ) is pleased to advise that all conditions under the Prospectus Offer dated 4 November 2014 (the Offer ) have been met and the Offer closed. The Company confirms it has issued 15,002,499 ordinary shares at 20 cents per share to raise $3 million.
Further, all conditions precedent to the completion of the acquisition of 100% of the issued capital of Lunalite International Pty Ltd have been satisfied and the Company has issued 79,125,297 ordinary shares and 28,500,076 Performance Shares in consideration for the acquisition.
The updated capital structure of the Company is set out below:
| Ordinary Shares | Securities |
|---|---|
| Shares on issue at date of Prospectus | 29,858,255 |
| (post consolidation) | |
| Shares issued pursuant to the Offer | 15,002,499 |
| Shares issued in consideration of | 79,125,297 |
| Lunalite International Pty Ltd | |
| Total Fully Paid Ordinary Shares | 123,986,051 |
| Performance Shares | |
| Class A Performance Shares | 4,500,013 |
| Class B Performance Shares | 4,500,013 |
| Class C Performance Shares | 4,500,013 |
| Class D Performance Shares | 15,000,037 |
| Total Performance Shares | 28,500,076 |
XTD advises there have been no material subsequent events to alter the Company’s statement of financial position as detailed in section 11 of the Prospectus dated 4 November 2014. The Company confirms it is in compliance with the listing rules and in particular listing rule 3.1.
ENDS