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6-K
MESOBLAST LTD filed this Form 6-K on 11/07/2018
Entire Document
 

 

5.

Subsequent Approval of Issues of Shares

a)NovaQuest Capital Management LLC

The Company is seeking the approval of shareholders for the purposes of ASX Listing Rule 7.4, in respect of the issue of shares that has been made by the Company in the last 12 months as set out in the following table:.

 

Persons to whom the issue was made

 

NovaQuest Capital Management LLC

Date of issue

 

10 July 2018

Number of shares issued

 

8,474,576

Issue price

 

A$1.60 per share

Terms of shares issued

 

Fully paid ordinary shares ranking equally with all other existing fully paid ordinary shares. The full amount of shares are to be held in voluntary escrow until 10 July 2019.

Use of the funds raised

 

Continued development and commercialization of the Company’s allogeneic product candidate remestemcel-L (MSC-100-IV) for children with steroid refractory acute Graft versus Host Disease (aGvHD)

The issue of the above shares was within the 15% limitation imposed by ASX Listing Rule 7.1. Under Listing Rule 7.1, the Company may issue up to 15% of its ordinary share capital in any 12-month rolling period without shareholder approval, unless an exception in ASX Listing Rule 7.2 applies.

As noted above, shareholder approval is now being sought for the purposes of ASX Listing Rule 7.4.

ASX Listing Rule 7.4 permits a company to obtain subsequent approval of a prior issue of securities from its shareholders. Such subsequent approval means the prior issue of securities is treated as having been made with shareholder approval for the purposes of ASX Listing Rule 7.1, and thereby refreshes the Company’s ability in the future to issue up to 15% of its share capital without obtaining prior shareholder approval to the extent of the number of shares being approved under this resolution.

Recommendation

The Directors recommend that shareholders vote in favour of this resolution.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mesoblast Limited – Notice of Annual General Meeting 2018    14



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