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TALIUS GROUP LIMITED — Capital/Financing Update 2013
Jun 24, 2013
65893_rns_2013-06-24_97dd6c31-1305-457c-88f3-857ec764e357.pdf
Capital/Financing Update
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ASX Announcement
25 June 2013
Issue of Shares in Satisfaction of Convertible Note Interest Payable – June Quarter
The Company advises that it intends to exercise its option to pay interest payable to noteholders for the quarter ending 30 June 2013 by the issue of shares.
The most recent share sale price was $0.001 (0.1 cents). Following the approval of shareholders at the most recent AGM ( 31 May 2013) amendments sets the price at which the Convertible notes interest may be converted at a fixed price of $0.0008, the Company would satisfy the $159,223 of interest payable by the issue of 199,029,638 shares.
Accordingly, registered noteholders on 2 July 2013 (Record Date) will be issued with shares at this price.
The following table summarises the entitlement of noteholders to the interest payable for the quarter.
| ‘Ex’ Date | 26 June 2013 |
|---|---|
| Record Date | 2 July2013 |
| Issue Date | 10 July2013 |
The Company has received no Conversion Notices from the note holder.
Convertible Notes and will issue shares to these noteholders in accordance with the Trust Deed.
As approved by shareholders at the Company’s Annual General Meeting on 31 May 2013, conversion of notes has now also been fixed at $0.0008 per share.
FOR FURTHER INFORMATION CONTACT
Mr Anthony Short (Managing Director) Or Mr David Ballantyne or Roland Berzins (Company Secretary) Telephone: 08 9429 2900 Facsimile: 08 9486 1011
ASX CODE: AVD www.advanceenergyltd.com.au
25 June 2013
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