Xped Limited (ASX:XPE) ("Xped" or "the Company") wish to advise that the Company has redeemed the outstanding convertible securities from the Tranche 1A, and repaid all of the amount outstanding in respect of them.

The aggregate Face Value of the outstanding convertible securities from Tranche 1A was $983,333.

The Company redeemed all of the outstanding convertible securities and repaid the amount outstanding in respect of them (including accrued interest) by paying the Investor $1,081,666.

This was approved by shareholders at the general meeting on 30 May 2017.

About XPED Ltd

XPED Ltd (ASX:XPE) is an Australian Internet of Things (“IoT”) technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. Xped provides technology solutions for Smart Home, Smart Building, and Healthcare.

At Xped, we’re Making Technology Easy Again(TM)

     

Contact

For more information:
Contact Xped Limited
T: +61-3-9642-0655
F: +61-3-9642-5177
E: info@xped.com
www.xped.com

Corporate Enquiries:
Cameron Low
T: +61-3-9225-5474
E: ir@xped.com



Link: Repayment of Convertible Note



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Wireless Broadband & Internet Consumer Electronics Other IT & Internet Security Internet IoT