Simpsons Solicitors

Issue of Converting Note to Person in a Position of Influence

April 30th 2015

Simpsons Solicitors advised ASX listed Stream Group Limited on the issue of a converting note together with a loan by one of its directors for a total of $1.3M.  The converting note and security arrangement for the converting note and the loan were complicated by the requirements of Chapter 10 of the ASX Listing Rules.  Simpsons Solicitors advised Stream Group Limited on all aspects of the ASX Listing Rules, including the drafting of the Notice of Meeting for the obtaining of shareholder approval for the transaction and the drafting of the converting note.