Proposed share sale by substantial shareholder
- 8 million ordinary shares to be acquired by a company associated with Michael Cannon-Brookes (or nominee) for $1.045 per ordinary share;
- 16 million ordinary shares to be made available to Tyro’s employees and officers (or close associates) to acquire for $0.845 per ordinary share, with 8 million of those shares assured to a company associated with Michael Cannon-Brookes (or nominee) (Employee Invitation); and
- any shares not acquired as part of the Employee Invitation will be acquired by a company associated with Michael Cannon-Brookes (or nominee) for $0.845 per ordinary share.
The Proposed Sale follows the recent resignation of Mr Stollmann from Tyro’s board through rotation. Following completion of the Proposed Sale, Mr Stollmann will remain one of Tyro’s largest shareholders, holding approximately 9.4% of Tyro’s ordinary shares.
Yours sincerely,
Justin Mitchell
Company Secretary
For more information contact:
Media enquiries: Matt Johnston – 0432 535 893
Investor enquiries: Robbie Cooke – contact Monique Rennell on 02 8224 8721