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- Release Date: 28/03/13 18:06
- Summary: ALLOT: SNK: ISSUE OF SECURITIES BY SNAKK MEDIA LIMITED
- Price Sensitive: No
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SNK
28/03/2013 16:06
ALLOT
REL: 1606 HRS Snakk Media Limited
ALLOT: SNK: ISSUE OF SECURITIES BY SNAKK MEDIA LIMITED
SNAKK MEDIA LIMITED
28 March 2013
NZX Limited
Wellington
ISSUE OF SECURITIES BY SNAKK MEDIA LIMITED
Snakk Media Limited ("SNK") advises that it has issued 2,170,000 options to
acquire ordinary shares as follows:
Class of Security: Options to acquire Ordinary Shares in the Company
("Options")
ISIN: Not applicable - securities are not listed
Number issued: 2,170,000
Payment: No moneys are pay on the issue of the Options. 6.5 cents is payable
upon the exercise of each Option
Percentage of total Class
of Securities issued: Assuming that the options were exercised and new shares
issued, those new shares issued would represent 0.98% of the total number of
ordinary shares on issue in SNK post that issue.
Reason for the issue: The Options were issued to senior executives of the
Company.
Authority of issue: Director's Resolution and NZAX Listing Rules 7.3.6.
Terms of issue: The terms of issue of the Options are as per the attached
Schedule.
The new shares issued upon the exercise of the Options will be 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: 2,170,000 new Options plus 11,700,000 existing options
Date of issue: 20 March 2013
SNAKK MEDIA LIMITED
Director
End CA:00234712 For:SNK Type:ALLOT Time:2013-03-28 16:06:53
