Navigator Global Investments : Proposed issue of securities - NGI

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

NAVIGATOR GLOBAL INVESTMENTS LIMITED

Announcement Type

New announcement

Date of this announcement 7/4/2022

The Proposed issue is:

An offer of securities under a securities purchase plan

Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan

+Record date 6/4/2022

Offer closing date 11/5/2022

+Issue date 18/5/2022

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

NAVIGATOR GLOBAL INVESTMENTS LIMITED

For personal use only

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 ABN

Registration Number 47101585737

1.3 ASX issuer code NGI

1.4 The announcement isNew announcement

1.5 Date of this announcement 7/4/2022

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

Proposed issue of securities

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Proposed issue of securities

Part 4 - Details of proposed offer under securities purchase plan

For personal use only

Part 4A - Conditions

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?

No

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Proposed issue of securities

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

For personal use only

ASX +security code and description

NGI : ORDINARY FULLY PAID

Will the proposed issue of this +security include an offer of attaching +securities?

No

Details of +securities proposed to be issued

ASX +security code and description

NGI : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted

6,451,613

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?

No

Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)?

No

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?

Yes

Is the minimum acceptance unit based or dollar based?

Dollar based ($)

Please enter the minimum acceptance value $ 2,500

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?

Yes

Is the maximum acceptance unit based or dollar based?

Dollar based ($)

Please enter the maximum acceptance value $ 30,000

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Proposed issue of securities

Describe all the applicable parcels available for this offer in number of securities or dollar value Eligible Shareholders may each apply for SPP Shares in parcels valued at $2,500, $5,000, $7,500, $10,000 and thereafter in $5,000 increments up to maximum of $30,000 (in aggregate).

Offer price details

Has the offer price been determined?

For personal use only

No

In what currency will the offer be made?

AUD - Australian Dollar

How and when will the offer price be determined?

The lower of the same price paid by investors under the Placement, and a 2.0% discount to the 5-day VWAP of the Company's shares up to and including the closing date of the SPP (expected to be 11 May 2022), rounded to the nearest cent.

Oversubscription & Scale back details

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

Scale-back of applications may be applied to the extent and in the manner the Company sees fit, which may include taking into account a number of factors, such as the size of an applicant's shareholding at the Record Date, the extent to which the applicant has sold or purchased Shares since the Record Date, whether the applicant has multiple registered holdings, the date on which the Application was made and the total applications received from Eligible Shareholders.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Part 4C - Timetable

4C.1 Date of announcement of +security purchase plan

7/4/2022

4C.2 +Record date

6/4/2022

4C.3 Date on which offer documents will be made available to investors 19/4/2022

4C.4 Offer open date 19/4/2022

4C.5 Offer closing date

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