Proposed issue of securities
Announcement Summary
orF personal use only
Entity name
PIONEER CREDIT LIMITED
Announcement Type
New announcement
Date of this announcement
9/3/2022
The Proposed issue is:
A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS) A placement or other type of issue
Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
New class-code to be | Option exp 31 March 2025 Ex $0.80 | 29727272 |
confirmed | ||
PNC | ORDINARY FULLY PAID | 9090909 |
Closing date for receipt of acceptances
29/4/2022
Proposed +issue date
6/5/2022
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 |
PNC | ORDINARY FULLY PAID | 20,636,363 |
Proposed +issue date | ||
16/3/2022 |
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 10 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
PIONEER CREDIT 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 | 44103003505 | |
1.3 | ASX issuer code | |
PNC |
- The announcement is New announcement
- Date of this announcement
9/3/2022
1.6 The Proposed issue is:
A non-+pro rata offer of +securities under a +disclosure document or +PDS
A placement or other type of issue
Proposed issue of securities | 2 / 10 |
Proposed issue of securities
Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS
only | ||||||
Part 5A - Conditions | ||||||
5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of | ||||||
+securities under a +disclosure document or + PDS can proceed on an unconditional basis? | ||||||
Yes | ||||||
use | 5A.1a Conditions | |||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |||
+Security holder approval | 28/4/2022 | actual? | received/condition met? | |||
Estimated | ||||||
Comments | ||||||
Shareholder approval will be sought for the approval of up to 9,090,909 shares and 9,090,909 attaching options under a | ||||||
personal | Shareholder Priority Offer and 20,636,363 attaching options under a Placement to institutional and sophisticated | |||||
shareholders at a General Meeting anticipated to be held on 28 April 2022. | ||||||
Part 5B - Offer 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
PNC : ORDINARY FULLY PAID
The number of +securities to be offered under the +disclosure document or +PDS
9,090,909
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
Proposed issue of securities | 3 / 10 |
Proposed issue of securities
Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?
No | ||
only | Will individual security holders be limited to accepting the offer for a | |
maximum number or value of +securities (i.e. a maximum acceptance | ||
condition)? | ||
No | ||
Offer price details | ||
Has the offer price been determined? | ||
use | Yes | |
In what currency will the offer be | What is the offer price per +security? | |
made? | AUD 0.55000 | |
AUD - Australian Dollar | ||
Oversubscription & Scale back details | ||
Will the entity be entitled to accept over-subscriptions? | ||
No | ||
Will a scale back be applied if the offer is over-subscribed? | ||
Yes | ||
Describe the scale back arrangements | ||
The Directors may, in their absolute discretion, scale back applications on an equitable basis. | ||
Will these +securities rank equally in all respects from their issue date with | ||
the existing issued +securities in that class? | ||
Yes | ||
personalAttaching +Security | ||
For | 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)? New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Proposed issue of securities | 4 / 10 |
Proposed issue of securities
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class o +securities on ASX?
Yes
ASX +security code | +Security description | ||
only | New class-code to be confirmed | Option exp 31 March 2025 Ex $0.80 | |
+Security type | |||
Options | |||
The number of +securities to be offered under the +disclosure document or +PDS | |||
29,727,272 | |||
use | Offer price details | ||
Has the offer price been determined? | |||
Yes | |||
In what currency will the offer be made? | What is the offer price per +security? | ||
AUD - Australian Dollar | AUD 0.00000 | ||
personal | Oversubscription & Scale back details | ||
Will the entity be entitled to accept over-subscriptions? | |||
No | |||
Will a scale back be applied if the offer is | |||
over-subscribed? | |||
Yes | |||
Describe the scale back arrangements | |||
The Directors may, in their absolute discretion, scale back applications on an equitable basis. | |||
Will all the +securities issued in this class rank equally in all respects from their issue date? | |||
Yes | |||
Options details | |||
For | +Security currency | ||
AUD - Australian Dollar | |||
Exercise price | Expiry date | ||
AUD 0.8000 | 31/3/2025 |
Details of the type of +security that will be issued if the option is exercised
PNC : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
29,727,272
Proposed issue of securities | 5 / 10 |
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Pioneer Credit Limited published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 23:20:08 UTC.