Cleansing Notice
Released
Released
Announcement PDF
The Manager
Company Announcements Office
ASX Limited
Level 6, 20 Bridge Street
SYDNEY NSW 2000
NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT
26 October 2023: Secondary Trading Notice (the 'Notice') Pursuant to Paragraph 708A(5)(e) of the
Corporations Act 2001 (the 'Act')
Adisyn Ltd (ASX: AI1) (Company) confirms that today it has completed the issue of 8,831,950 fully paid
ordinary shares as announced 26 October 2023 in partial satisfaction of debt, the shares were issued from the
Company’s placement capacity. Further the Company issued 239,344 fully paid ordinary shares in satisfaction
of interest owing on convertible notes to certain noteholders, interest shares were approved by shareholders
on 11 November 2022. The interest shares were subject to a waiver from ASX Listing Rule 7.3.4.
The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section
708 or 708A of the Act. By giving this notice, a sale of the shares issued on the 26 October 2023 and noted
above will fall within exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
1. The Company has issued the Shares without disclosure to investors under Part 6D.2 of the Act;
2. as at the date of this Notice, the Company has complied with provisions of Chapter 2M of the Act as
they apply to the Company, and section 674 and 674A of the Act; and;
3. as at the date of this notice, there is no excluded information of the type referred to in sections
708A(7) and 708A(8) of the Corporations Act, other than as set out directly below:
a)
as previously announced to ASX on 17 March 2023 and further updated in the Annual Report
dated 29 September 2023 the company sought legal advice in respect of the veracity of the
a writ of summons and has subsequently filed its defense. Given the proceedings are still at
an early stage and discovery has not yet been given, the Company is unable to quantify any
likely financial impact of a successful claim against the Company. The Company will keep
the market informed in accordance with its continuous disclosure obligations.
This notice is authorised for ASX release by the Board of Adisyn Ltd.
Yours faithfully,
Kyla Garic
Company Secretary
Adisyn Ltd
Adisyn Ltd | ACN 155 473 304 | 1300 331 888 | 27 Aspiration Circuit, Bibra Lake WA 6163 | adisyn.com.au
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