YPB Group Ltd (ASX:YPB) advises in accordance with Listing Rule 3.10A that the following securities will be released from voluntary escrow on 5 September 2017.
1,000,000 Fully Paid Ordinary Shares
All of the above securities were issued to Affyrmx Group LLC (Affyrmx) as consideration paid in regard to Joint Venture and Consulting Agreements (Agreements) entered to between Affyrmx and the Company.
Pursuant to the Agreements, 1,000,000 Shares were issued at a deemed price of $0.26 per Share on 17 February 2016.
On 10 February 2016 the Company announced that it had entered into a 6 year exclusive joint venture and consulting agreement with Affyrmx LLC focused on the protection of government documents in Latin America.
No funds were raised as a result of the issue. Approval for the issue of the securities issued was given at a meeting of shareholders held on 13 May 2016.
Mr. John Houston Executive Chairman YPB Group Limited T: +61-458-701-088 E: email@example.com Mr. Gerard Eakin Director YPB Group Limited T: +61-427-011-596 E: firstname.lastname@example.org W: www.ypbsystems.com
News Provided by ABN Newswire