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BRIEF-Style says Sea Harvest commits to funding

Published 21/10/2015, 11:56 am
© Reuters.  BRIEF-Style says Sea Harvest commits to funding

Oct 20 (Reuters) - Style Ltd SYP.AX :

* Sea harvest commits to funding SYP.AX

* Sea harvest group given Style irrevocable notice of its intention to subscribe for the maximum number of shares allowable under the agreement

* Subscription is conditional on Style raising a minimum of $16M and maximum of $18M at an issue price of $0.20 per share

* Sea harvest group intends to apply for additional shares such that on completion of capital raising, it's voting power in Style will be 19.9%

Source text for Eikon ID:nASX5PJxS

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