Voluntary Escrow Release
1,000,000 Fully Paid Ordinary Shares
All of the above securities were issued to Affyrmx Group LLC (Affyrmx) as consideration paid in regard to Joint Venture and Consulting Agreements (Agreements) entered to between Affyrmx and the Company.
Pursuant to the Agreements, 1,000,000 Shares were issued at a deemed price of $0.26 per Share on 17 February 2016.
On 10 February 2016 the Company announced that it had entered into a 6 year exclusive joint venture and consulting agreement with Affyrmx LLC focused on the protection of government documents in Latin America.
No funds were raised as a result of the issue. Approval for the issue of the securities issued was given at a meeting of shareholders held on 13 May 2016.
About YPB Group Ltd
YPB Group Ltd (ASX:YPB) lives by three words - certainty of authenticity. We deliver on this through our experience in creating revolutionary, patented brand protection and customer engagement solutions. Solutions that detect and prove certainty of authenticity and connect brands directly to their customers, empowering them to engage one-on-one.
In an evolving marketplace and with the rapid growth of cross border commerce, our expertise presently focuses on the rapidly growing markets of Australia, South East Asia and China.
YPB Group Ltd