Voluntary escrow release
1,000,000 Fully Paid Ordinary Shares
All of the above securities were issued to Ralph Davis pursuant to an agreement between Ralph and the Company to payout the balance of his employment contract (approximately 2 years) by the issuance of Shares. Pursuant to the Agreement, 8,000,000 Shares were issued at a deemed price of $0.0533 per Share on 13 September 2017. Subsequent to this release 6,000,000 Shares remain escrowed, with such being released progressively, with the last release due on 12 June 2019.
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 27 November 2017.
About YPB Group Ltd
YPB Group Ltd (ASX:YPB) brings packaging to life through its proprietary technology suite that provides certainty of authenticity and connects brands directly to consumers enabling new levels of market intelligence and ROI data capture.
In an evolving marketplace and with the rapid growth of cross border commerce, our expertise presently focuses on the rapidly growing consumer markets of Australia, South East Asia and China.
YPB Group Ltd