- Bonus Options offer on 1:2 basis
- Shareholders rewarded as Xped continues to develop
Participation in the Bonus Option offer is optional and is available exclusively to shareholders of Xped who are registered as holders of Shares at 7pm (AEST) on the Record Date of 19 June 2017 and whose registered address is in Australia or New Zealand. The Bonus Option offer will commence after completion of the proposed share consolidation (which is subject to shareholder approval at the general meeting being held on 30 May 2017). The Bonus Option offer will be non-renounceable.
A further announcement will be made once the prospectus for the offer of the Bonus Options (which will contain full details of the offer) has been completed and filed with ASIC. The Prospectus, together with a personalised application form, will be dispatched to eligible shareholders on 22 June 2017.
Xped is pleased with and would like to thank shareholders for the support it has received during this early stage of the Company's development. There have been advances as well as delays, and the Company's Directors believe that these Bonus Options will reward shareholders for their patience as the Company continues to develop.
Each Bonus Option issued will have an issue price of $0.001, an exercise price of $0.02 pre-consolidation (or $0.04 post consolidation) and will expire 6 months from the date of issue. The Company will make an application to have the Bonus Options admitted to the official list of ASX with a proposed ASX code of "XPEO".
The aim of the Bonus Option offer is to give loyal shareholders the offer to participate in the short term growth of the Company as it brings its products to market and, at the same time, to generate funds which will assist in the rollout of those products.
The indicative timetable for the Bonus Option offer is set out below:
Description: Announce bonus option offer and lodge Appendix 3B
Business Day: Wednesday, 17 May 2017
Description: Complete consolidation
Business Day: Friday, 9 June 2017
Description: Lodge s713 prospectus and notice to existing option holders
Business Day: Wednesday, 14 June 2017
Description: Notice to security holders containing information required by Appendix
Business Day: Thursday, 15 June 2017
Description: "Ex" date
Business Day: Friday, 16 June 2017
Description: Record Date
Business Day: Monday, 19 June 2017
Description: Despatch of prospectus
Business Day: Thursday, 22 June 2017
Description: Offer closing date
Business Day: Thursday, 6 July 2017
Description: Securities quoted on a deferred settlement basis
Business Day: Friday, 7 July 2017
Description: Notification of under subscriptions
Business Day: Tuesday, 11 July 2016
Description: Issue date
Business Day: Thursday, 13 July 2017
Note: The above timetable is indicative only. The Directors of the Company reserve the right to amend the record date and timetable for the issue of the Bonus Options, subject to the requirements of the Corporations Act 2001 and ASX Listing Rules.
To view the Appendix 3B in respect of the proposed Bonus Option offer, please visit:
About XPED Ltd
XPED Ltd (ASX:XPE) is an Australian Internet of Things ("IoT") technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. It's as simple as two people shaking hands. By enabling the Internet of Things, Xped's ADRC platform will bring benefit to Manufacturers, Retailers, Service Providers, and Consumers.