Hydrix : Proposed issue of securities - HYD

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

HYDRIX LIMITED

Announcement Type

New announcement

Date of this announcement

28/2/2022

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	The options will be exercisable at 18 cents on or before 31	28,280,000
confirmed	March 2024.
HYD	ORDINARY FULLY PAID	28,280,000
Proposed +issue date
7/3/2022

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

HYDRIX LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2	Registered Number Type	Registration Number
ABN	84060369048
1.3	ASX issuer code
HYD

1. The announcement is New announcement
2. Date of this announcement

28/2/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only
	Part 7A - Conditions
		7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
		type of issue can proceed on an unconditional basis?
		Yes
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	8/4/2022		actual?	received/condition met?
			Estimated
						No
		Comments
		The placement will be conducted in two tranches. Tranche 1 of 22.28M shares is not subject to any approvals. Tranche 2
personal	consists of 6M Shares to be issued to related parties, and 28.28M free attaching options to be issued to all subscribers of
the placement shares, on a 1 for 1 basis. Tranche 2 is subject to shareholder approval under LR 7.1 in respect of the
attaching options and LR 10.11 in respect of the related party share issuance, which the Company intends to seek at an
		extraordinary general meeting to be convened in April 2022.
	Part 7B - Issue details
		Is the proposed security a 'New	Will the proposed issue of this
		class' (+securities in a class that is	+security include an offer of
		not yet quoted or recorded by ASX)	attaching +securities?
		or an 'Existing class' (additional	Yes
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
For	ASX +security code and description
HYD : ORDINARY FULLY PAID
Number of +securities proposed to be issued
		28,280,000

Offer price details

Are the +securities proposed to be issued being issued for a cash

Proposed issue of securities

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Proposed issue of securities

consideration?

Yes

In what currency is the cash consideration being paid?

What is the issue price per +security?

AUD - Australian Dollar

AUD 0.10000

only	Will these +securities rank equally in all respects from their issue date with
		the existing issued +securities in that class?
use	Yes
	Attaching +Security
		Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)
		or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?
personal	Is the proposed security a 'New		Will the proposed issue of this
class' (+securities in a class that is		+security include an offer of
		not yet quoted or recorded by ASX)		attaching +securities?
		or an 'Existing class' (additional		No
		securities in a class that is already
		quoted or recorded by ASX)?
		New class
	Details of +securities proposed to be issued
		ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
		Have you received confirmation from		Will the entity be seeking quotation
		ASX that the terms of the proposed		of the 'new' class of +securities on
		+securities are appropriate and		ASX?
		equitable under listing rule 6.1?		Yes
		No
For	ASX +security code		+Security description
New class-code to be confirmed		The options will be exercisable at 18 cents on or before 31 March 2024.
		+Security type
		Options

Number of +securities proposed to be issued 28,280,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Proposed issue of securities

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Proposed issue of securities

No

Please describe the consideration being provided for the +securities

Nil cash consideration; the options are being issued as free attaching options to the placement shares on a 1 for 1 basis.

only		Please provide an estimate of the AUD equivalent of the consideration being
			provided for the +securities
		0.100000
			Will all the +securities issued in this class rank equally in all respects from
			their issue date?
use		Yes
	Options details
			+Security currency	Exercise price	Expiry date
			AUD - Australian Dollar	AUD 0.1800	31/3/2024
personal		Details of the type of +security that will be issued if the option is exercised
	HYD : ORDINARY FULLY PAID
			Number of securities that will be issued if the option is exercised
			One fully paid ordinary share (ASX: HYD)
			Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
			proposed to be issued or provide the information by separate announcement.
			To be provided in prospectus which will be issued in relation to the options.
	Part 7C - Timetable
For	7C.1 Proposed +issue date
7/3/2022

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

Proposed issue of securities

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