Melbourne, Victoria – Alcidion Group Ltd (ASX: ALC) (Company) today announces the issue of 5 million ordinary shares, as former director Mr Brian Leedman exercised his second allocation of share options held at the exercise price of 8 cents per-share.
Mr Leedman served as Non-Executive Director of Alcidion from 28 July 2016 to 31 July 2017 after the ASX-listing of Alcidion via the reverse takeover of Naracoota resources, and the options were issued on 29 November 2016. The issue of new shares increases the total number of shares outstanding to 815,671,138.
Mr Leedman has no further share options outstanding, and Alcidion advises there are no further share options held by any other party. In-line with ASX requirements, a cleansing notice will be released within 5 days.