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VINYL GROUP LTD — Capital/Financing Update 2023
Dec 27, 2023
66014_rns_2023-12-27_8e392275-a387-449f-a4fa-825f0da13233.pdf
Capital/Financing Update
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ASX Release
FORMER VAMPR DIRECTOR TO CONVERT NOTE INTO VINYL GROUP STOCK
Melbourne, Australia , December 28, 2023: Vinyl Group Ltd (ASX: VNL), Australia’s only ASX-listed music Company, has announced former Vampr Director, David Rickert, has elected to convert his convertible note (the “Loan”) into ordinary shares in Vinyl Group.
This Loan originated from the Vampr Inc. acquisition, completed June 1, 2023. The Loan provided Mr. Rickert an option to convert into shares at $0.05 per share if converted by June 1, 2024.
Mr. Rickert has converted the Loan today stating: “I’m extremely pleased with the company’s progress and intend to be a long term shareholder.“
The conversion of the Loan will provide Mr. Rickert 8,269,185 ordinary shares in Vinyl Group in consideration of the combined principal and interest amount of AU$413,459.24 calculated at $0.05 per share.
For further information please contact [email protected]
Authorisation and Additional Information: Vinyl Group Investor Relations: This announcement was authorised by the Board E: [email protected] of Vinyl Group Ltd P: +61 0419 023 046
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ABOUT VINYL GROUP
Vinyl Group is the heartbeat of an equitable music world, providing tech solutions that connect and give credit to the creator economy. The Company’s diverse portfolio has touchpoints across all corners of the global music ecosystem, empowering everyone from creators to consumers. Vinyl.com offers a world-class ecommerce experience including over 50K titles for fans to support their favourite artists. Vampr is the leading dedicated social-professional networking platform and talent marketplace, allowing 1.3M creators to discover collaborators and monetise their work in over 180 countries. Jaxsta is the world’s largest and only database of official music credits with over 378M verified credits to streamline revenue opportunities for businesses in the music industry.
Vinyl Group Ltd | 11 Wilson Street, South Yarra VIC 3141 | ABN 15 106 513 580 | ASX: VNL