- Release Date: 06/09/13 17:41
- Summary: GENERAL: BLT: FIRST RIGHT OF REFUSAL
- Price Sensitive: No
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BLT 06/09/2013 15:41 GENERAL REL: 1541 HRS BLIS Technologies Limited GENERAL: BLT: FIRST RIGHT OF REFUSAL Following its shareholder meeting giving approval for the Board to issue up to $3 million of shares, and the issuing of 213,459,662 fully paid ordinary shares at $0.01 per share, the Board has resolved to grant NZPR Group Limited (or nominee) a first right of refusal in relation to the issue of 50,000,000 of the shares remaining to be allocated. This first right of refusal expires on 30 September 2013 to the extent it is not exercised by that date. Notice of Issue of Options Class of securities issued Ordinary shares ISIN NZBLTE0002S8 Number of securities issued No Shares issued. Options issued pursuant to a first right of refusal with regards to up to 50,000,000 Ordinary Shares in the Company (in total) on the terms of issue set out below Issue price $0.01 per share to be issued Payment in cash? Yes on exercise of the first right of refusal Any amount paid up (if not in full) Fully paid Percentage of total class issued 0% Specific authority for the issue Shareholder approval to issue shares at 30 August 2013 Annual Meeting Terms or details of the issue 1. The first right of refusal expires on 30 September 2013 if it has not already lapsed or been exercised. 2. The first right of refusal is to purchase 50 million shares (or such lesser amount as advised by NZPR Group) pursuant to a subscription agreement for a price of 1 cent per share with settlement due on 30 September 2013. 3. The Company will reserve the 50 million shares for NZPR Group until such time as it receives subscription agreements (inclusive of those held as at 30 August 2013) for 250 million shares. 4. In the event that the Company receives subscription applications in excess of 250 million shares the Company will not allot shares in excess of 250 million without first giving NZPR Group notice and the option to exercise its first right of refusal. 5. Upon email advice of the notice that the Company has received subscription applications for in excess of 250 million shares, NZPR Group has 48 hours to exercise its first right of refusal either in full or in part whereupon the first right of refusal shall lapse. 6. If after 48 hours NZPR has either not exercised its first right of refusal or exercised its first right of refusal in part, the Company shall be free to complete subscription agreements with third parties for the balance of any shares available for allotment pursuant to the placement. Total number of securities of the class in existence after the issue 883,053,565 Date of issue 6 September 2013 (in respect of the option) Barry Richardson End CA:00240833 For:BLT Type:GENERAL Time:2013-09-06 15:41:59
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Ann: GENERAL: BLT: FIRST RIGHT OF REFUSAL
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