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| Jul 5th 2009, 06:29 Cash Yiyuan |
ZEN SPO Implemented
Edited by author Jul 5th 2009, 07:44 |
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| Reprint from http://www.slcapex.com/home/story/system/2399 Today, 07:27 system announcement by Cash Yiyuan ZEN SPO Implemented The creation of SPO shares has been implemented. Due to minimal trading volume during the present time we believe allowing ZEN to self-manage release of the SPO shares AS TREASURY would be better for ZEN shareholders and eliminate the need for CapEx to micro-manage the SPO. 315,000 Shares in SPO - Through System 30,000 Chair SPO - Zaldar Rhode - Manual Transaction 30,000 CEO SPO - Ashleigh Wade - Manual Transaction 40,000 COO Compensation - Annabis Moody - Manual Transaction Treasury shares held by ZhenyaZen Diesel ------------------------------------------------------------------------------ ZEN Zhenya Zoning Real Estate Stock Symbol ZEN Company Name Zhenya Zoning Real Estate Total Shares to Create 315000 Shares to SPO 315000 SPO Price 1.15 Additional Private Notes This was voted on and approved by the shareholders at a meeting on May 28, 2009. Minutes will be posted later this weekend in the forums to verify this. A total of 415,000 shares will be issued during the SPO. The total shares outstanding will increase to 2,715,000 from 2,300,000. SPO share price will be set at L$1.15/share. The price is based on a 30 day closing average of L$1.21 (as of May 25th). 315,000 shares will be offered at market. Manual Transactions: The Chairman and Chief Executive will each be offered a purchase option of 30,000 shares each at L$1.00/share. Purchased shares will subject to 1 year lockup. The Chief Operating Officer will be awarded 40,000 shares for 2 years of dedicated service. These shares will subject to 1 year lockup. |
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