AI assistant
ZICOM GROUP LIMITED — Capital/Financing Update 2018
Nov 29, 2018
66117_rns_2018-11-29_0e1e46e2-1bec-4863-8b22-ea285d029997.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [64 x 16] intentionally omitted <==
==> picture [64 x 16] intentionally omitted <==
==> picture [64 x 16] intentionally omitted <==
ABN 62 009 816 871 Zicom Group Limited
38 Goodman Place, Murarrie, Queensland 4172 • Tel: (07) 3908 6088 • Fax: (07) 3390 6898
30 November 2018
Company Announcements Office Australian Securities Exchange Level 6, 20 Bridge Street Sydney, NSW, 2000
Dear Sirs
COMPLETION OF CAPITAL REDUCTION
Zicom Group Limited (“ZGL”) is pleased to announce that it has today completed the capital reduction by way of distribution in specie. Shares in ZIG Ventures Private Limited (“ZIG”) have been distributed to eligible shareholders today. Share certificates will be issued and despatched to eligible shareholders within 30 days in accordance with the Singapore Companies Act (Ch 50).
Zicom Group Limited will hold ZIG shares of ineligible foreign shareholders pending a liquidity opportunity. As explained in Section 10.2 of the Explanatory Note to ZGL Notice of Meeting dated 15 October 2018, in the event a liquidity opportunity arises, ZGL, will, on a best effort only basis, sell off such shares and pay the proceeds, net of fees and brokerages, to the ineligible shareholders.
The registered office of ZIG Ventures Pte Ltd is “The Launchpad” Block 79, #04-05 Ayer Rajah Crescent Singapore 139955
Contact:Ms Sim Hui Shan Chief Corporate Officer Email: [email protected]
Yours faithfully Zicom Group Limited
==> picture [44 x 61] intentionally omitted <==
______ G L Sim Chairman