Sale of existing Convertible Note to Peters Investments Pty Ltd
Australian-basedbio-separationsandreproductivebiotechnologycompanyMemphasys
Limited (ASX: MEM) (“Memphasys” or “the Company”) wishes to advise that a Convertible
Note held by Non-Executive Director Mr Andrew Goodall, with a face value of $1.35m1,has
been acquired by existing major shareholder and sophisticated investor, Peters Investments
Pty Ltd.
Mr Goodall, a major shareholder and long-term Director and supporter of the Company
undertook this sale to fund the purchase of a rural property in NSW, Australia.
The terms of the note remain unchanged, with Peters Investments Pty Ltd able to acquire the
note without requiring shareholder approval as approval was previously sought for the future
issue of shares on conversion under exception 9 of LR 7.2.
Should the note be converted, as per the terms, Peters Investments Pty Ltd would (based
upon the current capital structure) have an interest in Memphasys of approx. 32%.
Memphasys is advancing the commercial roll-out of theFelix™ System- a novel automated
device for quickly and gently separating high quality sperm from a semen sample for use in
human IVF procedures – where it achieved commercial sales for both research and clinical
IVF use in the previous quarter.
Advanced commercial discussions are continuing inmarkets with lower regulatory hurdles,
where sales can occur now, such as Japan, India, Canada, New Zealand.
This announcement has been approved for release by the board of Memphasys Limited
- Forums
- ASX - By Stock
- MEM
- Ann: Convertible Note sale
Ann: Convertible Note sale, page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEM (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 3454164 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1752135 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3454164 | 0.008 |
3 | 3005499 | 0.007 |
8 | 2728833 | 0.006 |
3 | 1300000 | 0.005 |
4 | 2920833 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1752135 | 3 |
0.011 | 1639533 | 2 |
0.012 | 257000 | 2 |
0.013 | 713500 | 1 |
0.014 | 171890 | 3 |
Last trade - 07.10am 10/09/2024 (20 minute delay) ? |
Featured News
MEM (ASX) Chart |
Day chart unavailable