AI assistant
NOVIQTECH LIMITED — Capital/Financing Update 2020
Jan 1, 2020
65456_rns_2020-01-01_0969c37b-4f63-407b-8ead-2c3db0f14bea.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
2 January 2020
==> picture [242 x 163] intentionally omitted <==
==> picture [97 x 76] intentionally omitted <==
ASX Announcement Rights Issue Results & Shortfall Notification
Tymlez Group Limited ACN 622 817 421 (ASX:TYM) ( the Company ) refers to its 1 for 8 nonrenounceable pro-rata rights issue (‘Rights Issue’) announced on 6 December 2019. The following notice is given in accordance with Appendix 7A of the ASX Listing Rules.
Pursuant to the Rights Issue and associated Eligible Shareholder Shortfall Offer, the Company advises that it has received applications from eligible shareholders for 1,910,505 shares at $0.044 per share raising $84,062 (before expenses). The issue of 1,910,505 shares and 1,910,505 attaching Class D Options exercisable at A$0.065 on or before 31 December 2023 will be completed on 6 January 2020. The resulting shortfall from the Rights Issue is 16,323,779 shares.
The breakdown of applications received is detailed below:
| Offer | Shares/ Options | $ |
|---|---|---|
| Rights Issue | 935,751 | 41,173 |
| Eligible Shareholder Shortfall Offer | 974,754 | 42,889 |
| Total Applications | 1,910,505 | 84,062 |
| Resultingshortfall | 16,323,779 | 718,246 |
The Directors of the Company reserve the right to place shortfall securities at their discretion. In accordance with ASX Listing Rule 7.2 (Exception 3) any shortfall securities will be issued within 3 months from the date the offer closed. The Directors of the Company may decide at their discretion to close the shortfall offer at any time.
Justyn Stedwell
Company Secretary
On behalf of the Board of Directors Tymlez Group Limited Phone: 03 9191 0135
TYMLEZ GROUP LIMITED
Address: C/- Moray & Agnew Lawyers, Level 6, 505 Little Collins Street, MELBOURNE, VIC, AUSTRALIA, 3000