Ann: Application for quotation of securities - MNS, page-7

I forgot to add, for anyone who doesn’t know how to read an offtake agreement (there used to be a few people on here), this was for payment of the marketing as announced December last year.

“In consideration for the entry into the Offtake Agreement, Magnis will pay Traxys an upfront marketing fee of 700,000 fully paid ordinary shares and will issue Traxys with 1.3m options, each exercisable into Magnis shares on or before the 24-month anniversary of the date of their issue for $0.60 each, subject to shareholder approval at the next general meeting of Magnis”

Excellent news once again. Everything is right on track!