MYA 0.00% 10.0¢ my atm holdings limited

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    My ATM Holdings Limited
    Level 24, 44 St George’s Terrace
    PERTH WA 6000
    P: +61-8-6211 5099
    F: +61-8-9218 8875
    ABN: 55 141 509 426
    19 December 2013
    Company Announcements Office
    Australian Securities Exchange
    10
    th
    Floor
    20 Bond Street
    SYDNEY, NSW 2000.
    Dear Sir,
    My ATM Holdings Enters Heads of Agreement to Acquir
    e
    iWebgate Technology Limited
    The Directors of My ATM Holdings Limited (“
    MYA
    ” or the “
    Company
    ”) are pleased to announce
    that they have entered into a Heads of Agreement (“
    HOA
    ”) with the board of iWebgate
    Technology Limited (“
    IWG
    ”) to acquire 100% of all rights and title in all t
    he issued capital of IWG.
    About IWG
    IWG has patented software that increases the securi
    ty and functionality for the transfer of
    information. Its software is next generation award
    winning security* which significantly reduces
    the costs, complexity and risk of making network se
    rvices available externally.
    There is significant potential for the IWG software
    to be integrated into ATM networking and
    information sharing given current security limitati
    ons, particularly with implementation of cloud
    opportunities.
    *2012 Global Security Challenge – Worldwide Winner
    Heads of Agreement (“HOA”)
    On the 12
    th
    of December 2013, MYA, the board of IWG and IWG Fo
    unders executed a HOA that
    subject to satisfaction of a number of conditions p
    recedent, will result in MYA acquiring all of the
    issued capital of IWG.
    Under the terms of the HOA, MYA and IWG are to exec
    ute a Share Sale Agreement within 60
    days, and agree as follows:

    MYA will issue 1,000,000,000 MYA Consideration Shar
    es pro-rata to existing IWG
    shareholders
 
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Currently unlisted public company.

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