Australia's largest stock trading and investment forum Australia's #1 stock forum

STL

Click for more information

0.00%

$1.90 stargroup limited

Cheers Oxxa, I'm reassured now it was given at 5c, and saved me...

First 5 Last

Share
Profile

Follow
kennylca

520 Posts.

14

06/06/17

14:44

Post #: 25125771
Share

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.

Expand

Cheers Oxxa, I'm reassured now it was given at 5c, and saved me time digging past info.

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

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Open: Bessent hype, Lebanon ceasefire hopes push Aus markets higher | November 26, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 2 more messages in this thread...

First 5 Last

Add STL (ASX) to my watchlist