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ONE CLICK GROUP LIMITED — Capital/Financing Update 2024
Sep 19, 2024
64250_rns_2024-09-19_0b373964-6ccc-4a2f-9eff-536b7c8ccc4d.pdf
Capital/Financing Update
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ASX / MEDIA RELEASE 20 September 2024
Restricted Securities to be Released from Escrow
One Click Group Limited (ASX:1CG) (“Company”) advises in accordance with ASX Listing Rule 3.10A, that the following securities will be released from ASX imposed escrow on Friday, 27 September 2024. The securities were issued as part of the consideration paid by the Company to the vendors of Mobile Business Devices Pty Ltd (“MBD”).
| Security | Number | Escrowed Until |
|---|---|---|
| FullyPaid OrdinaryShares | 71,614,655 | 27 September 2024 |
| Options($0.025, expiry15/09/25) | 1,800,000 | 27 September 2024 |
| Options($0.03, expiry23/09/25) | 25,000,000 | 27 September 2024 |
| Class A Performance Rights | 21,300,000 | 27 September 2024 |
| Class B Performance Rights | 21,300,000 | 27 September 2024 |
Class A & B Performance Rights
Further to the above, the Company notes that:
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the Class A Performance Rights vest upon revenues of MBD being equal to or greater than $3,000,000 in the financial year ending 30 June 2023 (“Milestone 1”); and
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the Class B Performance Rights vest upon revenues of MBD being equal to or greater than $6,000,000 in the financial year ending 30 June 2024 (“Milestone 2”).
The Company notes that neither Milestone 1 or 2 were able to be met by the relevant date. The Terms and conditions of the Class A and B Performance Rights provide that the Performance Rights will now automatically lapse on 15 September 2027, however the Company anticipates it will agree with holders to cancel these Performance Rights in the near term.
This ASX Announcement has been authorised for release by the Managing Director, Mark Waller.
For further information please contact:
One Click Group Limited
T: + 61 8 9389 3160 E: [email protected] W: www.oneclickgroup.com.au www.oneclicklife.com.au
One Click Group Limited | ACN 616 062 072 | Suite 5 CPC, 145 Stirling Highway, Nedlands, WA 6009
About One Click Group
One Click Life is a fast-growing Australian based financial technology platform positioned to disrupt and capitalise on the increasing market demand for online self-directed financial and life admin services.
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The Company’s primary product and revenue stream at the moment is online tax. The One Click Life platform currently contains a number of other products for users, with online wills and private health insurance already available and a number of new products to come in the future. The One Click Life platform aims to be the one stop shop for everyday Australians who want to manage their financial life admin across, tax, wills, insurance, mortgages, investing and more.
One Click Verify is a digital identity verification platform allowing businesses to digitally identity their customers as part of an onboarding or transaction process.
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One Click Group Limited | ACN 616 062 072 | Suite 5 CPC, 145 Stirling Highway, Nedlands, WA 6009