Post 30 June 2018 a strategic investor, Star Bright Holding Ltd (together with its associates) (“Star Bright”has agreed to subscribe
for up to an additional 68,889,502 shares in Admedus raising up to $7.7 million, structured as follows:
• Placement of 42,599,866 shares at a price of $0.10 per share raising $4.3 million, issued on 22 August 2018; and
• Placement of up to 26,289,636 shares at a price of $0.1303 raising $3.4 million, yet to be issued.
Following the issue of all placement shares, Star Bright and its associates will hold 19.99% of the Company’s issued shares. Star
Bright has agreed not to sell the shares acquired under the placement for 12 months from issue date (except sales that can be
made without any disclosure under the Corporations Act, 2001 (Cth)).
Post 30 June 2018 a strategic investor, Star Bright Holding Ltd...
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