News and Announcements
YPB Secures $4M Placement At 51.5% Premium
- Published October 26, 2016 11:29AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th October 2016, ASX Announcement
Highlights
- $4M placement to existing sophisticated shareholder at $0.25, a 51.5% premium to last traded price
- Four out of the money options issued per share
Brand Protection and Customer Engagement solutions company YPB Group Limited [ASX: YPB] has completed a A$4 million placement to an existing shareholder.
A total of 16 million ordinary new shares will be issued at $0.25 per share, a 51.5% premium to the last closing price of $0.165.
Each share issued has four attached out of the money options with strike prices of $0.35, $0.45, $0.55 and $0.65, spread equally with a 10 year expiry.
To view the full announcement, please click on the button below.