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9.7¢ redflow limited

Hmm, "in relation to Tranche 1 Securities" should read "in...

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Treed

3,912 Posts.

1325

23/07/22

00:24

Post #: 62685639
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Originally posted by Treed: ↑

Regarding FUND4SE, it seems FUND4SE pays Redflow $500,000 for shares, with the same attaching options we have, and then Redflow provides a consideration for services (if rendered), not the other way around so I don't see FUND4SE having input to any decision around any option extension, unless they want to be in the normally sensible position to exercise them. However either way we will probably not know

Details as supplied by Redflow 25 August 2021 are here - https://wcsecure.weblink.com.au/pdf/RFX/02411847.pdf

"to assist Redflow in pursuing and maximising the US market opportunity arising from having been named in a Request for Information issued by a large listed US corporate as an approved supplier of flow batteries on a preliminary basis"

The date of the Redflow shareholder approval would be 14 October 2021, the date of the AGM after this ASX announcement. By my calculation 18 months out from the 2021 AGM is 14 April 2023 - in relation to Tranche 1 Securities.

This agreement seems to relate to this from page 5 of the Commercial strategy update May 2022

https://wcsecure.weblink.com.au/Clients/redflow/v2/headline.aspx?headlineid=21373292

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Hmm, "in relation to Tranche 1 Securities" should read "in relation to Tranche 2 Options" to make sense.

RFX Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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