- Release Date: 29/06/15 12:39
- Summary: GENERAL: ALF: Speirs Settlement and Notice of Allotment of Securities
- Price Sensitive: No
- Download Document 2.31KB
ALF 29/06/2015 12:39 GENERAL PRICE SENSITIVE REL: 1239 HRS Allied Farmers Limited GENERAL: ALF: Speirs Settlement and Notice of Allotment of Securities SPEIRS SETTLEMENT Allied Farmers Limited (ALF) is pleased to announce that Speirs Group Limited (Speirs) and Allied have renegotiated the second and final tranche of an amount owing to Speirs pursuant to a December 2013 settlement agreement. Pursuant to that December 2013 agreement Speirs and ALF agreed to settle a pre-existing $2 million obligation by: (a) ALF issuing to Speirs 14,678,487 shares representing approximately $528,000 of value; and (b) ALF agreeing to pay to Speirs $500,000 on 30 April 2016. The issue of the shares referred to in (a) above was completed on 30 January 2014. Speirs and ALF have today agreed to amend the terms of the settlement of the $500,000 referred to in (b) above by ALF agreeing to pay $400,000 in cash and issue 500,000 shares to Speirs (representing approximately $25,000 of value) on or before 30 June 2015. ALF advises that the both the cash payment and the share issue are being made today, and the Notice of Allotment of Shares is attached. Garry Bluett Chairman NOTICE OF ALLOTMENT OF SECURITIES For the purposes of rule 7.12.1 of the NZX Main Board Listing Rules ("Listing Rules"), Allied Farmers Limited ("Allied") advises that the following securities have been issued pursuant to a Settlement Agreement Amendment: Class of Security and ISIN Ordinary Shares. ISIN NZALF0001S1 Number of Securities issued 500,000 Issue price Partial satisfaction of an obligation owed by Allied Farmers. Payment in cash Payment is part consideration for a settlement of an obligation owing to Speirs Group Limited by Allied Farmers. Any amount paid up (if not in full) Fully paid up Principal terms of the Securities Ranking equally with ordinary sharers on issue Percentage of total Class of Securities issued 0.39 percent Reason for issue The issue is pursuant to the terms of a Deed of Settlement Amendment between Allied Farmers and Speirs Group Limited Authority for issue Directors' resolution dated 25 June 2015 Terms of issue n/a Total number of Securities of Class in existence after issue 125,830,925 ordinary shares. Treasury Stock n/a Date of issue 29 June 2015 Garry Bluett Chairman End CA:00266313 For:ALF Type:GENERAL Time:2015-06-29 12:39:28
- Forums
- NZX - By Stock
- ALF
- Ann: GENERAL: ALF: Speirs Settlement and Notice of Allotment of Securities
Ann: GENERAL: ALF: Speirs Settlement and Notice of Allotment of Securities
Featured News
Add ALF (NZSX) to my watchlist
|
|||||
Last
80.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 105 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 13456 | 0 |
Last trade - 13.30pm 27/08/2024 (20 minute delay) ? |
Featured News
ALF (NZSX) Chart |
Day chart unavailable
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online