ISO Team

ISO Team has entered into a subscription agreement with Nippon Paint for the subscription of 2.8m new shares at a placement price of $0.50 per share. This represents a discount of ~2.9% to the VWAP price of $0.515 for trades done on 4th Dec’14. Upon completion of the placement and the acquisition of Industrial Contracts Marketing by ISOTeam, Nippon Paint will hold ~5.93%, or 7.9m shares, of the enlarged share capital of ISOTeam.