Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary | |||
only | Entity name | ||
IXUP LIMITED | |||
Date of this announcement | |||
Thursday December 09, 2021 | |||
The +securities the subject of this notification are: | |||
Other | |||
use | Total number of +securities to be issued/transferred | ||
ASX +security | |||
code | Security description | ||
IXUAF | PERFORMANCE RIGHTS |
Total number of +securities to be
issued/transferred Issue date
50,000,000 09/12/2021
For personal
Refer to next page for full details of the announcement
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
IXUP LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 | Registered number type | Registration number |
ABN | 85612182368 | |
1.3 | ASX issuer code | |
IXU | ||
1.4 The announcement is | ||
New announcement | ||
1.5 | Date of this announcement |
9/12/2021
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
For personal use only
2.1 The +securities the subject of this notification are: Other
Please specify
Allotment of Performance Rights approved by shareholders at AGM held 24/11/21 (Res 6).
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
has an existing ASX security code ("existing class")
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to
ASX in an Appendix 3B
For personal use only
Additional +securities in an existing class
ASX +security code and description
IXUAF : PERFORMANCE RIGHTS
Date the +securities the subject of this notification were issued
9/12/2021
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class
Yes
Any other information the entity wishes to provide about the +securities the subject of this notification
Full terms and conditions as per Resolution 6 of AGM held on 24 Nov 2021: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02440233-6A1057771?access_token=83ff96335c2d45a094df02a206a39ff4
In Section 4.1
IXU Ordinary Fully Paid = 822,647,460. This is incorrect as does not include the shares issued in the two App 2As allotted 07/12/2021 and 08/12/2021. The correct total is 902,076,031 (822,647,460 + 71,428,571 + 8,000,000)
In Section 4.2
IXU Performance Rights = 95,250,000. This is incorrect as does not include the shares issued in the App 2A allotted prior to this App 3G. The correct total is 87,250,000 (95,250,000 - 8,000,000).
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
Allotment of Performance Rights approved by shareholders at AGM held 24/11/21 (Res 6), approved by the Board and allotted at date of approval.
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Issue details
For personal use only
Number of +securities
50,000,000
Were the +securities issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
To incentivise Tekkorp Capital and Mr Davey in supporting IXUP Ltd beyond the DataPOWA transaction in role as Strategic Advisor through M&A and strategic activities.
Purpose of the issue
To pay for services rendered
Additional Details
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IXUP Ltd. published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 06:21:17 UTC.