YPB GROUP LIMITED For personal use only
YPB GROUP LIMITED
ACN 108 649 421
OPTIONS PROSPECTUS
FOR AN OFFER OF 1,363,636,366 OPTIONS FOR SPECIFIC INVESTORS AND
ADVISORS OF THE COMPANY.
THIS PROSPECTUS HAS ALSO BEEN PREPARED FOR THE PURPOSE OF
FACILITATING SECONDARY TRADING OF ANY UNDERLYING SHARES ISSUED UPON EXERCISE OF THE OPTIONS PURSUANT TO ASIC CORPORATIONS (SALE OFFERS THAT DO NOT NEED DISCLOSURE) INSTRUMENT 2016/80.
THIS IS AN IMPORTANT DOCUMENT AND REQUIRES YOUR IMMEDIATE ATTENTION.
IT SHOULD BE READ IN ITS ENTIRETY.
IF YOU ARE IN DOUBT ABOUT WHAT TO DO, YOU SHOULD CONSULT YOUR
PROFESSIONAL ADVISER WITHOUT DELAY.
THE SECURITIES OFFERED IN CONNECTION WITH THIS PROSPECTUS ARE OF A
HIGHLY SPECULATIVE NATURE.
YPB Group Limited - Prospectus
For personal use only
IMPORTANT INFORMATION
This Prospectus is dated 23 December 2021 and was lodged with ASIC on that date with the consent of all Directors. Neither ASIC nor ASX nor their respective officers take any responsibility for the contents of this Prospectus.
No Options will be issued on the basis of this Prospectus any later than 13 months after the date of this Prospectus (being the expiry date of this Prospectus).
A copy of this Prospectus is available for inspection at the registered office of the Company at Unit 1, 295 Rokeby Road Subiaco WA, 6008 during normal business hours. The Company will provide a copy of this Prospectus to any person on request. The Company will also provide copies of other documents on request (see Section 4.4).
The Options offered by this Prospectus should be considered speculative. Please refer to Section 3 for details relating to investment risks.
Revenues and expenditures disclosed in this Prospectus are recognised exclusive of the amount of goods and services tax, unless otherwise disclosed.
This Prospectus will be made available in electronic form. Persons having received a copy of this Prospectus in its electronic form may obtain an additional paper copy of this Prospectus (free of charge) from the Company's principal place of business by contacting the Company. The Offer contemplated by this Prospectus is only available in electronic form to persons receiving an electronic version of this Prospectus within Australia.
Applications for Options under the Offer will only be accepted on an Application Form that is attached to, or provided by the Company with a copy of this Prospectus in either paper or electronic form. The Corporations Act prohibits any person from passing on to another person an Application Form unless it is accompanied by a complete and unaltered copy of this Prospectus.
No person is authorised to give any information or to make any representation in connection with the Offer in this Prospectus. Any information or representation not so contained may not be relied on as having been authorised by the Company in connection with the Offer.
No action has been taken to permit the offer of Options under this Prospectus in any jurisdiction other than Australia.
The distribution of this Prospectus in jurisdictions outside Australia may be restricted by law and therefore persons into whose possession this document comes should seek advice on and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of those laws. This Prospectus does not constitute an offer of the options in any jurisdiction where, or to any person to whom, it would be unlawful to issue this Prospectus.
In accordance with the design and distribution obligations under the Corporations Act, a target market determination (TMD) in respect of the Offer made under this Prospectus has been prepared by the Company and is available on the Company's website at www.ypbsystems.com. By making an application under the Offer, you warrant that you have read and understood the TMD and that you fall within the target market set out in the TMD.
This Prospectus is a transaction specific prospectus for an offer of Options over continuously quoted securities (as defined in the Corporations Act) and has been prepared in accordance with section 713 of the Corporations Act. It does not contain the same level of disclosure as an initial public offering prospectus. In making representations in this Prospectus regard has been had to the fact that the Company is a disclosing entity for the purposes of the Corporations Act and certain matters may reasonably be expected to be known to investors and professional advisers whom potential investors may consult.
YPB Group Limited - Prospectus
For personal use only
This Prospectus is important and should be read in its entirety before deciding to participate in the Offer. This Prospectus does not take into account the investment objectives, financial or taxation or particular needs of any Applicant. Before making any investment in the Company, each Applicant should consider whether such an investment is appropriate to their particular needs, and considering their individual risk profile for speculative investments, investment objectives and individual financial circumstances. Each Applicant should consult their stockbroker, solicitor, accountant or other professional adviser without delay. Some of the risk factors that should be considered by potential investors are outlined in Section 3.
This Prospectus includes forward looking statements that have been based on current expectations about future acts, events and circumstances. These forward looking statements are, however, subject to risks, uncertainties and assumptions that could cause those acts, events and circumstances to differ materially from the expectations described in the forward looking statements.
Definitions of certain terms used in this Prospectus are contained in Section 6. All references to currency are to Australian dollars and all references to time are to AEST, unless otherwise indicated.
YPB Group Limited - Prospectus
For personal use only
CORPORATE DIRECTORY
Directors | Share Registry |
Mr John Houston (Executive Chairman) | Boardroom Pty Limited |
Mr Su (George) Su (Non-Executive Director) | Level 12, 225 George St |
Mr Gerard Eakin (Non-Executive Director) | Sydney, NSW 2000 |
Company Secretary | Auditor* |
Mr Sebastian Andre | PKF Brisbane Audit |
Registered Office | Level 6, 10 Eagle St |
Brisbane, QLD 4000 | |
YPB Group Limited | Lawyers |
Unit 1, 295 Rokeby Road | |
Subiaco, Western Australia, 6008 | Thomson Geer |
Level 27, Exchange Tower | |
Telephone: 08 6555 2950 | 2 The Esplanade |
Facsimile: 08 6166 0261 | Perth WA 6000 |
Website: www.ypbsystems.com. | |
ASX Code: YPB (Shares) | |
YPBOB (Listed Options) |
- This entity is included for information purposes only. They have not been involved in the preparation of this Prospectus.
PROPOSED TIMETABLE
Event | Date* |
Lodgement of Prospectus with ASIC and ASX | 23 December 2021 |
Opening Date of the Offer | 23 December 2021 |
Closing Date the Offer | 24 December 2021 |
Anticipated date of issue of Options | 29 December 2021 |
- These dates are indicative only and subject to change. Subject to the Corporations Act and the Listing Rules, the Directors reserve the right to vary these dates, including the Closing Date, without prior notice.
YPB Group Limited - Prospectus
For personal use only
Table of Contents | |||
1 | Details of the Offer...................................................................................................... | 1 | |
1.1 | The Offer........................................................................................................................ | 1 | |
1.2 | Purpose of the Offer ...................................................................................................... | 1 | |
1.3 | Closing Date .................................................................................................................. | 1 | |
1.4 | Minimum subscription .................................................................................................... | 1 | |
1.5 | Oversubscriptions .......................................................................................................... | 1 | |
1.6 | Effect on control............................................................................................................. | 2 | |
1.7 | Not underwritten ............................................................................................................ | 2 | |
1.8 | Applications ................................................................................................................... | 2 | |
1.9 | ASX Quotation ............................................................................................................... | 2 | |
1.10 | Allotment........................................................................................................................ | 2 | |
1.11 | Applicants outside Australia........................................................................................... | 3 | |
1.12 | Risks of the Offer ........................................................................................................... | 3 | |
1.13 | Taxation Implications ..................................................................................................... | 3 | |
1.14 | Major Activities and Financial Information ..................................................................... | 3 | |
1.15 | Privacy ........................................................................................................................... | 3 | |
1.16 | Enquiries Concerning the Prospectus ........................................................................... | 3 | |
2 | Effect of the Offer........................................................................................................ | 4 | |
2.1 | Effect on the Capital Structure....................................................................................... | 4 | |
2.2 | Effect of the Offer on the Company and Use of Funds.................................................. | 4 | |
2.3 | Market Price of Shares .................................................................................................. | 4 | |
2.4 | Dividend Policy .............................................................................................................. | 4 | |
3 | Risk Factors ................................................................................................................ | 5 | |
3.1 | Specific Risks Associated with the Company ................................................................ | 5 | |
3.2 | Risks associated with investing in the stock market ...................................................... | 7 | |
3.3 | Investment Highly Speculative....................................................................................... | 9 | |
4 | Additional Information................................................................................................ | 9 | |
4.1 | Terms & Conditions of the Options................................................................................ | 9 | |
4.2 | Rights and Liabilities Attaching to Shares ................................................................... | 11 | |
4.3 | Company is a Disclosing Entity ................................................................................... | 12 | |
4.4 | Copies of Documents .................................................................................................. | 13 | |
4.5 | Information Excluded from Continuous Disclosure Notices......................................... | 14 | |
4.6 | Determination by ASIC ................................................................................................ | 14 | |
4.7 | Directors' Interests ....................................................................................................... | 14 | |
4.8 | Directors' Interests in Securities .................................................................................. | 15 | |
4.9 | Directors' Remuneration .............................................................................................. | 15 | |
4.10 | Substantial Shareholders............................................................................................. | 16 | |
4.11 | Interests of Other Persons........................................................................................... | 16 | |
4.12 | ASIC Instruments......................................................................................................... | 16 | |
4.13 | Expenses of Offer ........................................................................................................ | 16 | |
4.14 | CHESS ........................................................................................................................ | 16 | |
4.15 | Consents...................................................................................................................... | 17 | |
5 | Directors' Statement and Consent .......................................................................... | 17 | |
6 | Glossary..................................................................................................................... | 18 |
YPB Group Limited - Prospectus
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YPB Group Ltd. published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 05:56:01 UTC.
