Emyria appoints Sixty Two Capital as corporate advisor
Released
Released
Announcement PDF
ASX Announcement
30 Dec 2021
Emyria appoints Sixty Two Capital as corporate advisor
Emyria Limited (ASX: EMD) (Emyria or the Company), a data-backed drug development and
care delivery company, is pleased to announce the appointment of Sixty Two Capital Pty Ltd
(“Sixty Two Capital”) as corporate advisor. Sixty Two Capital is a boutique corporate advisory,
brokerage and investment group specialising in supporting the growth of emerging
companies listed on the ASX.
Sixty Two Capital will provide a range of corporate advisory services to the Company in
connection with its capital markets requirements, investor relations and the identification of
additional, value creating strategic opportunities.
Sixty Two Capital previously managed and corner-stoned two oversubscribed placements for
Emyria in December 2020 and April 2021. (See ASX announcements dated 16 Dec 2020 and
21 April 2021)
In consideration for its services, the Company will:
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Pay Sixty Two Capital a monthly retainer of $10,000/ month over the next 12 months of
involvement.
Issue a total of 6 million Performance Advisory Options with an exercise price of $0.55,
expiring 2 years from the date of issue. The Advisor options are subject to the vesting
schedule below:
○
1 million unlisted options with a vesting condition that the EMD 10-day
volume-weighted average price (VWAP) of EMD securities is at or above 60c
(Tranche 1 Options).
○
2 million unlisted options with a vesting condition that the EMD 10-day VWAP is
at or above 70c (Tranche 2 Options).
○
3 million unlisted options with a vesting condition that the EMD 10-day VWAP is
at or above 90c (Tranche 3 Options).
The arrangement can be terminated with 30 days written notice.
Emyria’s Managing Director, Dr. Michael Winlo said: “The team at Sixty Two Capital have
been strong supporters of Emyria ever since their first corner-stoned placement in
December 2020. Sixty Two Capital has a track record of supporting high growth client
companies over the long-term. We are delighted to have their support as Emyria advances
our major programs in the new year.”
Sixty Two Capital’s Director, Sufian Ahmad said: “Sixty Two Capital is delighted to assist
Emyria in its next phase of growth as it seeks to develop registered medicines across its
cannabinoid and psychedelic-assisted therapy portfolios. We believe that Emyria’s unique
data-backed drug development platform has potential to bring new treatments to major
patient populations globally, and in doing so, also generate significant returns for
shareholders.”
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This announcement has been approved for release by the Managing Director of Emyria
Limited.
For further information on Emyria, please contact:
Dr. Michael Winlo
Managing Director
1300 436 363
mwinlo@emyria.com
Lexi O’Halloran
Media/Investor Relations
+ 61 (0) 404 577 076
Andrew Williams
Media Relations
+61 (0) 412 614 125
lexi@janemorganmanagement.com.au andreww@profilemedia.com.au
About Emyria (www.emyria.com)
Emyria Limited is a data-backed clinical drug development and care delivery company
focused on accelerating treatment development and improving patient care.
Emyria’s Treatments target unmet needs and are focused on obtaining approval from
major global regulators. Emyria’s drug development programs are informed by insights
generated from extensive analysis of Emyria Data - deep, ethically-sourced clinical
evidence that is gathered with patients across Emyria’s independent clinical services
(Emerald Clinics - www.emeraldclinics.com.au)
Emyria Data provides deep treatment insights and is therefore a source of unique IP,
strategically designed drug development and personalised care programs.
Cautionary Note on Forward-Looking Statements
Any statements in this press release about future expectations, plans and prospects for the
Company, the company’s strategy, future operations, and other statements containing the words
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,”
“potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions, constitute
forward-looking statements. Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors, including: the Company’s
ability to successfully develop its product candidates and timely complete its planned clinical
programs and the Company’s ability to obtain marketing approvals for its product candidates. In
addition, the forward-looking statements included in this press release represents the Company’s
views as of the date hereof. The Company anticipates that subsequent events and developments
will cause the Company’s views to change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company specifically disclaims any
obligation to do so. These forward-looking statements should not be relied upon as representing
the Company’s views as of any date subsequent to the date hereof.
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