Sun Hung Kai has entered into a subscription agreement with the Company to acquire 14,285,714 fully paid ordinary shares of Animoca Brands at a price of A$0.07 per share for a total sum of A$1 million. As part of the deal, Sun Hung Kai has a 1:1, attaching 12-month loyalty option exercisable after 90 days at a price of A$0.09 per share, conditional on placement shares being held for 90 days; the loyalty option is subject to Animoca Brands shareholder approval.
Strategic investment from blockchain partner Lympo
The Company has signed a binding term sheet with Lympo specifying that Lympo will purchase 7,142,858 fully paid ordinary shares of Animoca Brands at a price of A$0.07 per share for a total sum of A$0.5 million, with a 1:1, attaching 12-month loyalty option exercisable at a price of A$0.09 per share, conditional on placement shares being held for 90 days; the loyalty option is subject to Animoca Brands shareholder approval.
It’s in there best interest to hold quite a good deal actually for shareholders ..... As these 2 have incentives to hold and not do the typical broker dump ...
TS
AB1 Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held