Mykco (MYK) Acquisition of Corporate Holdings Limited
Mykco Limited
Level 7, 12-26 Swanson Street,
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145
Fax +64 9 358 3858
Mykco (MYK) Acquisition of Corporate Holdings Limited
Mykco ( MYK) advises the market that the contract for purchase of all the ordinary shares in
Corporate Holdings Limited that it did not already own was completed today, 3 August
2018.
The Special Meeting of Mykco shareholders held on 31 July 2018 approved all resolutions
which then allowed the directors to declare the contract unconditional.
Mykco had already owned 100,000 shares (1.54%) in Corporate Holdings Limited.
This transaction allowed Mykco to acquire the Corporate Holdings Limited shares it did not
already own (98.46%).
The vendors were the shareholders of Corporate Holdings Limited (other than Mykco).
The Vendors receive 16.27 ordinary shares in Mykco in return for each share they owned in
Corporate Holdings Limited.
Mykco has issued 104,323,240 fully paid ordinary shares in Mykco in consideration of the
total purchase price of $6,132,436.80.
Mykco has previously advised the market that its name will change with effect from the
close of business on 3 August 2018 from Mykco Limited to General Capital Limited. The
ticker code will change with effect from 6
August 2018 from MYK to GEN and the ISIN will
remain unchanged as NZMYKE0001S9.
For further information please contact:
Brent King
Chair
Mykco Limited (General Capital Ltd )
021 632 660
brent.king@irg.co.nz
3 August 2018
---
Mykco Limited
Level 7, 12-26 Swanson Street,
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145
Fax +64 9 358 3858
NZX Alternative Market - Notice pursuant to Listing Rule 7.11.1
(a) Class of Security and ISIN: Ordinary Shares
ISIN NZMYKE0001S9
(b) Number issued or acquired: 104,323,240 ordinary shares
issued
(c) Nominal value and issue price or acquisition price: 5.88 cents per share
(d) Whether payment was in cash: 104,323,240 ordinary shares
issued in exchange for
6,412,000 ordinary shares in
Corporate Holdings Limited
(e) Any amount paid up: Paid in full
(f) Percentage of the total Class of Securities issued or
acquired:
84.17%
(g) Reason for the issue or acquisition: Acquisition of Corporate
Holdings Limited
(h) Specific authority for the issue or acquisition: Transaction approved at
Special Meeting of Mykco
Limited shareholders held on
31 July 2018.
(i) Terms or details of the issue or acquisition: 104,323,240 ordinary shares
issued in exchange for
6,412,000 ordinary shares in
Corporate Holdings Limited
(j) Total number of Securities of the Class in existence after
the issue or acquisition:
123,940,114
(k) In the case of an acquisition of shares by an Issuer which is
a company registered under the Companies Act 1993,
whether those shares are to be held as Treasury Stock:
Not applicable
(l) Dates of issue or acquisition: 3 August 2018
Brent King
Chair
Mykco Limited
021 632 660
brent.king@irg.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.