Why the difference in the amount of shares issued in relation to the amount of options.I was under the impression that the minimum conversion rate was on a 1 for 1 basis Regards Towie
PART 1 - ALL ISSUES You must complete the relevant sections (attach sheets if there is not enough space).
1. Class of securities issued Ordinary shares (BDL) or to be issued
2. Number of securities issued 1,283,598 shares allotted or to be issued (if known) pursuant to the conversion of or maximum number which 1,195,378 Mandatory Converting may be issued Notes under the terms and conditions of Brandrill Ltd's Prospectus issued 24/10/2002
3. Principal terms of the securities Fully paid ordinary shares (eg, if options, exercise price and expiry date; if partly paid securities, the amount outstanding and due dates for payment; if convertible securities, the conversion price and dates for conversion)
4. Do the securities rank equally Yes in all respects from the date of allotment with an existing class of quoted securities
If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
5. Issue price or consideration Nil payable on conversion of Brandrill Mandatory Converting Notes (BDLG)
6. Purpose of the issue (if Shares issued on conversion issued as consideration for of 1,195,378 BDLG the acquisition of assets, clearly identify those Refer to Prospectus dated assets) 24/10/2002
7. Dates of entering securities 24/01/2003 into uncertified holdings or despatch of certificates
NUMBER CLASS 8. Number and class of all 128,306,024 Fully paid ordinary securities quoted on shares (BDL) ASX (including the 274,968,669 Notes (BDLG) securities in clause 298,499,676 Options (BDLO) 2 if applicable)
NUMBER CLASS 9. Number and class of all Unlisted options securities not quoted each to purchase one on ASX (including the ordinary share in securities in clause 2 accordance with the if applicable) Brandrill Ltd Directors' and Employees' Option Plan approved by shareholders on 28/05/1997
190,000 Options expiring 26/05/2003
1,255,901 Options expiring 28/05/2005
3,888,000 Options expiring 09/03/2006
BDL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held