Bph Energy Limited (Asx:Bph) Quarterly Activities Report menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
On 2 August 2022 BPH Energy Limited (ASX:BPH) announced that, following its shareholders meeting on 21 June 2022 at which shareholders voted unanimously to approve an investment in hydrogen technology.
BPH Energy Limited (ASX:BPH) Quarterly Activities Report
ASX:BPH) and its investees activities during the December 2020 quarter were as follows:
Equity
Subsequent to shareholder approval received at the Company s General Meeting held on 11 December 2020:
- 14,993,750 free attaching options to a July 2020 share placement with an exercise price of $0.05 per share and an expiry date of 29 July 2022 were issued. The lead manager to the share placement was also issued 2,000,000 listed options on the same terms.
- 13,502,467 shortfall shares (representing $202,537) together with 6,751,235 free attaching options under the August 2020 2 for 5 non-renounceable rights issue at $0.015 per share together with one free attaching option with an exercise price of $0.05 per share and an expiry date of 29 July 2022 for every two shares subscribed for, were issued in extinguishment of amounts owed to directors. A further 2,599,880 shares (representing $38,398) in shortfall shares to
MEC Resources (ASX:MMR) Proposed in-specie distribution - Update
Proposed in-specie distribution - UpdatePerth, Dec 14, 2020 AEST (ABN Newswire) - On 12 August 2019 MEC Resources Limited (
OTCMKTS:MECSF) announced that it had reached a settlement of the various legal disputes between MEC and BPH Energy Limited ( BPH ), Grandbridge Limited, Trandcorp Pty Ltd and David Breeze.
The terms of settlement where outlined in a Deed of Settlement, to which MEC s 48.2% owned subsidiary Advent Energy Ltd ( Advent ) is also a party. MEC agreed to the settlement in the interests of resolving continual disputes which have impeded the progress of both MEC and Advent Energy since November 2016. As a result of the settlement, MEC is in a better position to pursue investment opportunities to generate value for shareholders. The Deed of Settlement included clauses whereby MEC agreed to support an in-specie distribution of its shareholding in Advent to MEC shareholders (subject to shareholde