Appendix 4C - Quarterly
Sydney, April 29, 2015 AEST (ABN Newswire) - Appendix 4C for Invigor Group Limited (
ASX:IVO) ("Invigor") for the quarter ended 31 March 2015.
Subsequent to the end of the quarter, the Company announced that it has entered into a $2.0 million convertible note facility with Marcel Equity Pty Ltd, an entity controlled by the company's Executive Chairman, Mr Gary Cohen ("Marcel Equity"), whereby Marcel Equity or its nominees will subscribe for redeemable unlisted convertible notes in the Company with a face value of up to $2.0 million ("Convertible Notes"). A summary of the key terms of the proposed Convertible Notes were contained in the announcement made on 8 April 2015.
On 31 March 2015, the Company announced the settlement of litigation with Piksel Inc. The settlement relieves Invigor of a significant contingent liability. Creditor claims made by Invigor to the Creditors' Committee of KIT digital Inc. remain in place. Under the terms of the settlement, the Creditors' Committee will allow Invigor's claims to the aggregate value of US$1.59 million ($A2.05 million).
The payout ratio and the timing for payments being made have not been advised by the Creditors' Committee.
To view the 4C, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IVO-855022.pdf
About Invigor Group Ltd
Invigor Group (ASX:IVO) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.
Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money.
Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.
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