OPEY GROU Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
OPENPAY GROUP LTD
Date of this announcement
Tuesday January 11, 2022
The +securities the subject of this notification are:
Other
Total number of +securities to be issued/transferred
Total number of | |||
ASX +security | +securities to be | ||
code | Security description | issued/transferred | Issue date |
New class - code | Warrants @ lower of A$0.3825 or 30day VWAP ex | 4,000,000 | 04/01/2022 |
to be confirmed | 36 months from issue date |
Refer to next page for full details of the announcement
Notification of Issue, Conversion or Payment up of Unquoted | 1 / 9 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
OPENPAY GROUP LTD
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 | Registered number type | Registration number |
ABN | 97637148200 | |
1.3 | ASX issuer code | |
OPY |
- The announcement is New announcement
- Date of this announcement
11/1/2022
Notification of Issue, Conversion or Payment up of Unquoted | 2 / 9 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
For personal use only
2.1 The +securities the subject of this notification are: Other
Please specify
Securities issued previously announced to the market in an Appendix 3B.
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
does not have an existing ASX security code ("new class")
Notification of Issue, Conversion or Payment up of Unquoted | 3 / 9 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B
For personal use only
New +securities | ||
ASX +security code | +Security description | |
New class - code to be confirmed | Warrants @ lower of A$0.3825 or 30day VWAP ex 36 | |
months from issue date | ||
+Security type | ISIN code | |
Other |
Date the +securities the subject of this notification were issued
4/1/2022
Will all the +securities issued in this class rank equally in all respects from their issue date? Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
Each Warrant confers the right (but not the obligation) to subscribe for one Ordinary Share at the Subscription Price (the lower of A$0.3825 or the 30 day VWAP of the Company prior to the date of exercise) or to receive a cash consideration equal to the 5 trading day VWAP up to the Exercise Date.
Any other information the entity wishes to provide about the +securities the subject of this notification
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
The proposed issue of the securities was announced to the market on 23 December 2021 in an Appendix 3B.
Notification of Issue, Conversion or Payment up of Unquoted | 4 / 9 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Issue details
For personal use only
Number of +securities
4,000,000
Were the +securities issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
4m warrants are issued to the lender on the drawing down of the First Tranche Facility.
Purpose of the issue
To raise additional working capital
Notification of Issue, Conversion or Payment up of Unquoted | 5 / 9 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Openpay Group Ltd. published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 07:37:02 UTC.
