Share
- Release Date: 17/06/13 19:12
- Summary: ALLOT: SNK: ISSUE OF SECURITIES BY SNAKK MEDIA LIMITED
- Price Sensitive: No
- Download Document 1.5KB
SNK
17/06/2013 17:12
ALLOT
REL: 1712 HRS Snakk Media Limited
ALLOT: SNK: ISSUE OF SECURITIES BY SNAKK MEDIA LIMITED
17 June 2013
NZX Limited
Wellington
ISSUE OF SECURITIES BY SNAKK MEDIA LIMITED
Snakk Media Limited ("SNK") advises that it has issued new ordinary shares as
follows:
Class of Security: Ordinary Shares (SNK).
ISIN: NZSNKE0001S9.
Number issued: 960,098 ordinary shares at 6.5 cents each fully paid.
Payment: The payment of 6.5 cents was paid in cash on the date of issue.
Percentage of total Class
of Securities issued: 0.37% (of the total number of ordinary shares on issue
post completion of the issue).
Reason for the issue: The shares were issued to the general manager of the
Australian business operations. As a contractor at the time of listing on the
NZAX, Mark negotiated, as the incumbent CEO, the ability to purchase
AUD$50,000 worth of Snakk Media Limited shares at their listing price. The
Company assisted the employee with the satisfaction of the payment of the
issue price for the Shares, by providing a loan facility to the Subscribers
for an amount equal to the issue price.
Authority of issue: Director's Resolution and NZAX Listing Rules 7.3.4.
Terms of issue: The new shares are credited as fully paid, and rank in all
respects equally with the shares already on issue.
Total number of securities
of the Class in existence
after the issue: 262,862,984 ordinary shares.
Date of issue: 17 June 2013
SNAKK MEDIA LIMITED
End CA:00237501 For:SNK Type:ALLOT Time:2013-06-17 17:12:14
