Extension of Offer Period for Share Purchase Plan
Sydney, Mar 15, 2016 AEST (ABN Newswire) - Invigor Group Limited (
ASX:IVO) advises that its directors have decided to extend the period for applications under the Share Purchase Plan announced on 29 February 2016 (SPP) to 31 March 2016.
Mr. Gary Cohen, Executive Chairman and CEO, said: "The Company is working on several major projects which may be finalised and announced over the next two weeks. The directors have determined to extend the application period under the SPP to allow eligible shareholders to properly absorb any announcements on these projects."
Under the SPP, each eligible shareholder will be entitled to apply for up to A$15,000 of new ordinary shares (Shares) at an issue price of $0.04 per Share. Shareholders registered as holders of fully paid ordinary shares in the Company on the Record Date (detailed below) and who have a registered address in Australia and New Zealand are eligible to participate in the SPP.
The SPP is not underwritten.
Important Dates
The revised timetable for the offer of Shares under the SPP is as follows:
26 February 2016: Record Date
- Date for determining eligible shareholders
29 February 2016: Announcement Date
- SPP announced on ASX
29 February 2016: Opening Date
- SPP opens and offer materials expected to be dispatched to eligible shareholders
31 March 2016: Closing Date
- SPP closes at 5.00pm Sydney time
7 April 2016: Allotment Date
- Shares allotted under the SPP
11 April 2016: Despatch Date
- Holding statements dispatched
Note: Dates are indicative only and Invigor retains the right to vary these dates without advance notice.
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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