Trading Notice – Section 708 (5) (e) Notification
ECT (ASX:ESI) refers to a placement of 3,179,225 ordinary shares referred to in the company’s most recent ASX Release. The Corporations Act 2001 (Act) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under Section 708 or 708A of the Act. By the Company giving this notice, sale of securities noted above will fall within the exemption in Section 708A (5) of the Act.
The Company hereby notifies ASX under Section 708A (5) (e) of the Act that:
(a) the share options were issued without disclosure to investors under Part 6D.2 of the Act;
(b) as at the date of this notice, the Company has compiled with the provisions of Chapter 2M as they apply to the Company, and Section 674 of the Act; and
(c) as at the date of this Notice, there is no information:
(i.) that has been excluded from continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii.) that investors and their professional advisers would reasonably require for the purpose of making an informal assessment of:
- the assets and liabilities, financial position and performance, profits and losses and prospects of the Company or;
- the rights and liabilities attaching to the securities.
On behalf of the Board of Directors
Environmental Clean Technologies Limited