Placement, Change of Name and Ticker Code
TRS INVESTMENTS LTD
10 July 2020
NZX LIMITED
WELLINGTON
TRS INVESTMENTS LIMITED (“TRS”) ENTERS INTO SUBSCRIPTION AGREEMENT – CHANGE OF NAME
AND TICKER CODE – ADDITIONAL MATTERS
Placement
TRS advises that it has today issued 333,177,621 new ordinary fully paid shares in the Company
(“Placement Shares”) at an issue price of $0.00025 per share. The capital raising will raise $83,295 in
aggregate. The placement has been made to the Lindsay Investment Trust.
The funds raised from the placement will be utilised to fund the ongoing working capital
requirements of the Company whilst it continues to undertake investigations to find a suitable
business initiative to acquire via a reverse takeover transaction.
A Capital Change Notice accompanies this announcement.
Change of Name
TRS has resolved to change its name to Ascension Capital Limited with legal effect from 20 July 2020.
The change is scheduled to be effective on NZX’s systems from 20 July 2020.
Change of Ticker Code
TRS has resolved to change its ticker code from “TRS” to “ACE”, with the change scheduled to be
effective on NZX’s systems from 20 July 2020.
New contact details
TRS has resolved to change its contact details to the following with effect from 10 July 2020:
Contact person: Keith Jackson
Postal address: 19 Imatra Place
Auckland 2010
Contact telephone: 021 702 509
Contact email: keith.jackson@cooksglobalfoods.com
Assignment of Huahan International Holdings (Hong Kong) Co Limited Loan Facility
TRS has received notice that the interest of Huahan International Holdings (Hong Kong) Co Limited
(as creditor) in the Loan Facility Agreement with the Company (as debtor), which facility currently
has a principal sum of owing of circa $360,000, has been assigned to Excalibur Capital Partners
Limited (a substantial shareholder in TRS), the investment vehicle of Sean Joyce (a non-executive
director of TRS).
ENDS
For further information, please contact:
Keith Jackson, Chairman, TRS Investments Limited, email: keith.jackson@cooksglobalfoods.com,
mobile: 021 702 509
---
TRS Investments Limited
Capital Change Notice
Section 1: Issuer information
Name of issuer TRS Investments Limited
NZX ticker code TRS
Class of financial product Ordinary Shares
ISIN
NZECHE0001S8
Currency NZD
Section 2: Capital change details
Number issued 333,177,621
Nominal value (if any) $83,295 in aggregate
Issue price per security $0.00025
Nature of the payment Cash
Amount paid up Paid in full
Percentage of total class of Financial Products issued 25%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Not applicable
Reason for issue and specific authority for issue The new shares were issued to
a wholesale investor pursuant
to a private placement in
accordance with Listing Rule
4.5. The subscription moneys
received are to be applied
towards funding the ongoing
working capital requirements of
the Company.
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the issue
1,665,888,105
No shares are held as
Treasury Stock
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the issue, including a reference to the
rule pursuant to which the issue, is made
The issue was approved by a
Directors Resolution and
issued in accordance with
Listing Rule 4.5
Terms or details of the issue The new shares will rank
equally with all other fully paid
shares on issue
Date of issue 10 July 2020
Section 3: Authority for this announcement and contact person
Name of person
authorised to make this announcement Sean Joyce
Contact person for this announcement Sean Joyce
Contact phone number 021 865 704
Contact email address
sean@corporate-
counsel.co.nz
Date of release through MAP
10 July 2020
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.
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