The Shares issued excludes director participation in the Placement, which is subject to shareholder approval.
In addition, the Company confirms that, further to its announcement on
Secondary Trading Exemption
The Corporations Act 2001 (Cth) (the 'Act') restricts the on-sale of securities issued or transferred without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice, a sale of the shares noted above will fall within the exemption in section 708A(5) of the Act. The Company gives notice pursuant to section 708A(5)(e) of the Act that: a) the Shares were issued or transferred without disclosure to investors under Part 6D.2 of the Act; b) this Notice is being given under Section 708A(5)(e) of the Act; c) as at the date of this Notice, the Company has complied with: (i) the provisions of Chapter 2M of the Act as they apply to the Company and (ii) section 674 of the Act and d) as at the date of this Notice, there is no excluded information, within the meanings of section 708A(7) and 708A(8) of the Act.
This Announcement is authorised for ASX release by the Board of Directors of the Company.
Contact:
Tel: +61 8 9322 7600
Email: info@ardiden.com.au
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