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
In a rapidly changing world, brands need to do more than make great products, they need to PROTECT their consumer by allowing them to verify that their purchase is real and as a result buy with confidence. This is a proven initiative to trigger the consumer to CONNECT with brands.
YPB Group Ltd (ASX:YPB) provides real protection for quality brands with a focus on product authenticity. Simultaneously, we provide a gateway for brands to connect with their consumers and engender trust in authenticity by utilising the power of the smartphone.
In an evolving marketplace and with the rapid growth of cross border commerce, YPB leverages serialisation and patented authentication solutions so that insightful data can flow between brands and their consumers.
YPB is the obvious choice to PROTECT, DETECT and CONNECT.
YPB Group Ltd