BDL 0.00% 13.5¢ brandrill limited

share conversion

  1. 33,073 Posts.
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    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

    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
    * 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

    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)

    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

    190,000 Options expiring

    1,255,901 Options expiring

    3,888,000 Options expiring
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Currently unlisted public company.

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