EGM states:
RESOLUTION 1 – APPROVAL TO ISSUE SHARES TO THE QUADPAY
STOCKHOLDERS AND THE QUADPAY FOUNDERS IN CONNECTION WITH THE
QUADPAY ACQUISITION
“That, for the purposes of ASX Listing Rule 7.1, ASX Listing Rule 10.19, sections 200B and
200E of the Corporations Act, and for all other purposes, approval is given for the issue and
allotment of the following Shares in connection with the QuadPay Acquisition:
(a) up to a maximum of 119,000,000 Shares to the QuadPay Stockholders as the ‘Merger
Consideration Shares’ at an issue price equal to the Company’s volume weighted
average price of its Shares on the ASX in the 15 trading days prior to Completion;
Wouldnt Quadpay want to keep the VWAP price down before voting, thus getting more shares?
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4 | 184749 | 3.230 |
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10 | 141460 | 3.210 |
18 | 347628 | 3.200 |
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