TIDMML.P
RNS Number : 6932K
CRUSHMETRIC Group Limited
23 December 2022
23 December 2022
CRUSHMETRIC GROUP LIMITED
(formerly known as "MiLOC Group Limited")
("CRUSHMETRIC" or "the Company")
Allotment of Shares, Director's share transfers
And Demand on Subsidiary's Loan
ALLOTMENT OF SHARES
CRUSHMETRIC GROUP LIMITED (AQSE: CRUSH), the AQSE Growth Market
quoted Company, is pleased to advise, further to the Annual General
Meeting of 2 November 2022, that it has completed the allotments
and issue of the consideration shares, pursuant to the acquisition
of CRUSHMETRIC Limited. 153,486,965 new Ordinary Shares have been
issued to the following shareholders.
Shareholder Amount of new Ordinary % of Enlarged Issued
Shares to be issued Shares
ONG Ban Poh Michael
(Chief Executive
Officer and Executive
Director)* 66,920,317 27.9
----------------------- ---------------------
Noah Deledda 69,683,082 29
----------------------- ---------------------
Lim Yi Shenn ** 16,883,566 7
----------------------- ---------------------
Total 153,486,965 63.9
----------------------- ---------------------
* Mr. ONG Ban Poh Michael ("Mr. Ong"), Chief Executive Officer
of the Company currently holds 13,934,150 Ordinary Shares through
Megasia International Limited, which represents 5.81% of enlarged
issued shares. Mr. Ong will hold in total 80,854,467 Ordinary
Shares in the Company, representing 33.7% of the enlarged issued
shares.
** Mr. Lim Yi Shenn ("Mr. Lim"), prior to the acquisition owned
3,830,261 ordinary shares of the Company. Together with the share
allotment of 16,883,566, the total shareholding of Mr. Lim will be
20,713,824 Ordinary Shares, which represents 8.63% of the enlarged
issued share capital.
Application will be made for the 153,486,965 Ordinary Shares to
be admitted to trading on the AQSE Growth Market and it is expected
that admission will occur on or before 29 December 2022.
The Ordinary Shares, when issued, will be credited as fully paid
and rank pari passu in all respects with the existing Ordinary
Shares of the Company.
TOTAL VOTING RIGHTS
The Company announces that, following the issue of Ordinary
Shares referred to above, in accordance with the Financial Conduct
Authority's Disclosure and Transparency Rules (the "Disclosure and
Transparency Rules"), the total number of Ordinary Shares in issue
will be 239,933,283 with each share carrying the right to one
vote.
CRUSHMETRIC does not hold any shares in Treasury.
The above figure of 239,933,283 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in the Company, under the Disclosure and
Transparency Rules.
TRANSFER OF DIRECTOR'S SHARES
The Company also announces that Dr. Chow Ching Fung ("Dr.
Chow"), non-Executive Director, will gift 23,968,230 Ordinary
Shares for GBPNil consideration to all existing shareholders
pro-rata to their current shareholding as at 30(th) June 2022,
excluding Mr. Ong Ban Poh Michael, Mr. Noah Deledda, and any of
their family members. None of these Ordinary Shares will be gifted
to family members of Dr. Chow.
Dr. Chow currently holds 28,290,546 Ordinary Shares through
Megasia International Limited, representing 11.79% of enlarged
issued share capital. After the share transfers, his shareholding
of the Company will be reduced to 4,322,316 Ordinary Shares,
representing 1.8% of the enlarged issued share capital. The share
transfers are expected to be completed around the end of January
2023. A further announcement will be made in due course once the
share transfers have completed.
DEMAND ON SUBSIDIARY'S LOAN
The Company also announces that one of the Company's
shareholders, Mr. Lim Yi Shenn has submitted a statutory demand to
the Company's wholly-owned subsidiary, CRUSHMETRIC Limited, for a
loan of approximately GBP109,673 (approximately HKD1,037,964). The
Company will work with Mr. Lim to resolve this payment. A further
announcement will be made in due course.
The Directors of the Company accept responsibility for the
contents of this announcement.
For further information, please contact:-
CRUSHMETRIC Group Limited
ONG Ban Poh Michael - Chief Executive Tel: +852 2110 4221
Officer
Lilian Lo - Acting Chief Financial Officer
AQSE Growth Market Corporate Adviser Tel: +44 (0) 20 7469
PETERHOUSE CAPITAL LIMITED 0930
Guy Miller
Mark Anwyl
1 Details of the person discharging managerial responsibilities
/ person closely associated
-------------------------------------------------------------------
a) Name ONG Ban Poh Michael
--- ---------------------------- -------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status PDMR (Chief Executive Officer)
--- ---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
--- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------
a) Name CRUSHMETRIC Group Limited
--- ---------------------------- -------------------------------------
b) LEI 213800LQRD2H94XEL429
--- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- -------------------------------------------------------------------
a) Description of the Ordinary shares of no par value
financial instrument, each in CRUSHMETRIC Group Limited
type of instrument
Identification code Identification code (ISIN) for
CRUSHMETRIC Group Limited ordinary
shares: KYG613521031
--- ---------------------------- -------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
--- ---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-----------
Nil (Vend 66,920,317
of Asset Ordinary
into Company) Shares
--------------- -----------
--- ---------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ---------------------------- -------------------------------------
e) Date of the transaction 21 December 2022
--- ---------------------------- -------------------------------------
f) Place of the transaction Aquis Exchange
--- ---------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
-------------------------------------------------------------------
a) Name Noah Deledda
--- ---------------------------- -------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status PDMR
--- ---------------------------- -------------------------------------
b) Initial notification Initial notification
/Amendment
--- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------
a) Name CRUSHMETRIC Group Limited
--- ---------------------------- -------------------------------------
b) LEI 213800LQRD2H94XEL429
--- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- -------------------------------------------------------------------
a) Description of the Ordinary shares of no par value
financial instrument, each in CRUSHMETRIC Group Limited
type of instrument
Identification code Identification code (ISIN) for
CRUSHMETRIC Group Limited ordinary
shares: KYG613521031
--- ---------------------------- -------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
--- ---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-----------
Nil (Vend 69,683,082
of asset Ordinary
into Company) Shares
--------------- -----------
--- ---------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ---------------------------- -------------------------------------
e) Date of the transaction 21 December 2022
--- ---------------------------- -------------------------------------
f) Place of the transaction Aquis Exchange
--- ---------------------------- -------------------------------------
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