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$1.90 stargroup limited

Thanks oxxa. They're now worth half the price they were when...

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4,142 Posts.

178

06/06/17

10:34

Post #: 25118283
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Originally posted by oxxa23 ↑

when STL purchased "Cash My ATM" from Jason Warren, $445k of the consideration he received was in issued shares.... there was 8.9m shares given to him at the share price of $0.05.

these were put into escrow for 12 months. Basically a 12 month restriction before they became available for him to sell... or continue holding.

if the below now makes a bit more sense.

In accordance with Listing Rule 3.10A, Stargroup Limited (ASX : STL) (“Stargroup” or the “Company”) advises that 8,908,060 ordinary Shares (“Escrowed Shares”) in the Company will be released from voluntary escrow on 20 June 2017 (being 10 business days from today). The Escrowed Shares, which are subject to voluntary escrow provisions for 12 months from their date of issue, were issued on 20 June 2016 and represented vendor shares issued and held by Mr Jason Warren, the owner of the business known as Cash My ATM, which was acquired by the Company on that date.

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Thanks oxxa.

They're now worth half the price they were when issued.

STL Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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