Perth, Australia (ABN Newswire) - Raya Group Ltd (ASX:RYG) (Raya or the Company) wishes to advise the lodgement of a supplementary prospectus (Supplementary Prospectus) with the Australian Securities and Investments Commission (ASIC) today in relation to its general public offer to raise up to $8 million before costs (Offer).

This document supplements, and should be read together with the prospectus lodged with the ASIC by Raya Group on 18 January 2016 (Prospectus). The Supplementary Prospectus has been issued to restate, clarify or provide further details regarding certain information already disclosed in the Prospectus.

Eligible shareholders will receive a copy of the Supplementary Prospectus together with the Prospectus and a personalised application form. The Share Registry expects to dispatch and mail these complete documents to shareholders early next week.

A copy of the Supplementary Prospectus has been released on ASX platform following this announcement and also provided on the Company website at www.rayagroup.com.au/prospectus.

Raya and its lead manager KTM Capital (KTM) have received strong indications from funds and institutions to participate in the Offer following the roadshows held in late December.

The priority offer closing date has been extended to 19th February 2016 to allow time for shareholders to receive documents following the new dispatch date and is in line with the public closing date.

Following the cancellation of the 320 million Xped vendor options under a variation to the acquisition terms all previously proposed bonus prospectus, bonus loyalty and advisor options ceased in exchange for the variation.

Raya is also pleased to advise that the Notice of General Meeting materials (NOM) and details regarding the general meeting to approve the acquisition of Xped Holdings Limited follow this announcement. Dispatch of the NOM to shareholders will occur on 2nd February 2016, with the meeting set for 4th March 2016, and the timeline in link below reflects the new dates.

To view the timeline, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-903281.pdf

To view the supplementary prospectus, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-903282.pdf



About Raya Group Ltd:

Until recently, Raya Group Limited (ASX:RYG) was an exploration and development company which was focused on the exploration and development of geothermal assets in Australia and Indonesia. Raya announced to the market its intention to acquire Xped Holdings Limited and entered into a Head of Agreement with key shareholders of Xped to acquire all of the issued capital in Xped. Raya seeks to change its name to Xped Limited (ASX:XPE) following shareholder approval of the Xped transaction and associated resolutions at the upcoming General Meeting in February. Xped is an information technology company focused on the development of Auto Discovery Remote Control technology which allows for a common platform for devices to share a common language making Internet of Things Technology a reality.



Source:

Raya Group Ltd



Contact:

Raya Group Ltd
T: +61 3 9642 0655
WWW: www.rayagroup.com.au