Being AI/Announcement
Being AI logo

Placement, Change of Name and Ticker Code

Capital Raise9 July 2020BAIHealthcare

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.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.

  • TRU — TRUSCREEN GROUP LIMITED: Truscreen Share Issue
    2020-05-21

    Truscreen Limited Capital Change Notice Section 1: Issuer information Name of issuer Truscreen Limited NZX ticker code TRU Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZTRUE0001S7 Currency NZD Section 2: Capital change detai…”

  • TRU — TRUSCREEN GROUP LIMITED: Truscreen Capital Change Notice
    2020-06-05

    Truscreen Limited Capital Change Notice Section 1: Issuer information Name of issuer Truscreen Limited NZX ticker code TRU Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZTRUE0001S7 Currency NZD Section 2: Capital change detai…”

  • TRU — TRUSCREEN GROUP LIMITED: Truscreen Capital Change Notice
    2020-05-29

    Truscreen Limited Capital Change Notice Section 1: Issuer information Name of issuer Truscreen Limited NZX ticker code TRU Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZTRUE0001S7 Currency NZD Section 2: Capital change detai…”