(MENAFN- ABN Newswire) Melbourne, Aug 23, 2017 AEST (ABN Newswire) - Xped Limited () ("Xped" or "the Company") wish to advise that the Company has redeemed the outstanding convertible securities from the Tranche 1A, and repaid all of the amount outstanding in respect of them.
The aggregate Face Value of the outstanding convertible securities from Tranche 1A was $983,333.
The Company redeemed all of the outstanding convertible securities and repaid the amount outstanding in respect of them (including accrued interest) by paying the Investor $1,081,666.
This was approved by shareholders at the general meeting on 30 May 2017.
About XPED Ltd
()is an Australian Internet of Things ("IoT") technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. It's as simple as two people shaking hands. By enabling the Internet of Things, Xped's ADRC platform will bring benefit to Manufacturers, Retailers, Service Providers, and Consumers.
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