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

4/3/2022

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	Unlisted options exercisable at $0.30 and expiring 3 years	1,000,000
confirmed	from the date of issue.
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

4/3/2022

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?
use		No
	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?
personal		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?		No
			Yes
			ASX +security code		+Security description
			New class-code to be confirmed		Unlisted options exercisable at $0.30 and expiring 3 years from the date of
For					issue.

+Security type Options

Number of +securities proposed to be issued 1,000,000

Offer price details

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

No

Proposed issue of securities

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Proposed issue of securities

Please describe the consideration being provided for the +securities

The options are being issued to the joint lead managers of the Company's placement (announced to ASX on 28 February 2022), as part consideration for services provided.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

only		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 0.3000	7/3/2025
			Details of the type of +security that will be issued if the option is exercised
personal		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.
			https://www.hydrix.com/terms-of-options
	Part 7C - Timetable
		7C.1 Proposed +issue date
For	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?

Yes

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Proposed issue of securities

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

		1,000,000
		7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
only	additional 10% placement capacity under listing rule 7.1A (if applicable)?
No
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
		No
		7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
		No
		7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
use	No
	Part 7E - Fees and expenses
		7E.1 Will there be a lead manager or broker to the proposed issue?
personal	No
7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

No material fees incurred in relation to the issue of options to the Joint Lead Managers.

Details of the material fees incurred in relation to the placement are set out in the Appendix 3B lodged by the Company on 28 February 2022.

Part 7F - Further Information

For	7F.01 The purpose(s) for which the entity is issuing the securities
	The options are being issued to the joint lead managers of the Company's placement (announced to ASX on 28 February
	2022), as part consideration for services provided.
	7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
	No
	7F.2 Any other information the entity wishes to provide about the proposed issue

Proposed issue of securities

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