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NEXTED GROUP LIMITED — Director's Dealing 2015
Nov 23, 2015
65463_rns_2015-11-23_80467381-bfc0-43a7-b814-d3f8f8868c1d.pdf
Director's Dealing
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----- Start of picture text ----- | ASX Announcement----- End of picture text -----
24 November 2015
Australian Securities Exchange Limited
Via e - lodgement – ASX Code ICT
CHANGE OF DIRECTOR’S INTEREST
iCollege Ltd (“ICT or the Company”) advises that Richmond Food Systems Pty Ltd ATF the Montery Trust, an entity controlled by Mr Ross Cotton, has acquired 3,166,666 ordinary shares for $475,000.
The 15 cents per share paid by Richmond Food Systems represents a 50% premium above the current Non-renounceable Rights issue price as announced to ASX on 19 October 2015. The price is also the conversion reference price for all convertible note holders. It has been deemed by Mr Cotton that the transfer price is quantified and reasonable based on these factors.
Mr Cotton’s interests in the Company have increased from 1,426,252 to 4,592,918 fully paid ordinary shares or 6.86% of the current issued capital. Mr Cotton will now become a substantial shareholder and a Form 603 Notice of initial substantial holder will be lodged with ASX separately.
An updated Appendix 3Y – Change of Director’s Interest Notice relating to Mr Cotton’s change will be lodged with ASX within the time frame in accordance with the ASX Listing Rules.
-ENDS-
For further information, please contact:
Mr Ross Cotton, Executive Chairman iCollege Limited +61 (0) 419 870 363
P: (08) 6380 2555 Suite 1 Ground Floor F: (08) 9381 1122 437 Roberts Road Email: [email protected] Subiaco WA 6008
iCollege Ltd ABN 75 105 012 066 ASX: ICT
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About iCollege Limited:
iCollege (ASX: ICT) is a training organisation positioned to become one of Australia's leading educators. iCollege has grown since its inception in 2014 through targeted acquisitions and growth among its current portfolio companies. iCollege charges itself with the vision to assist students and workers to remain relevant in an ever-changing employment environment.
iCollege Ltd ACN 75 105 012 066 ASX: ICT
Suite 1 Ground Floor 437 Roberts Road Subiaco WA 6008
P: (08) 6380 2555 F: (08) 9381 1122 Email: [email protected]
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