Proposed issue of securities
Update Summary
For personal use only
Entity name
PROPELL HOLDINGS LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
25/5/2022
Reason for update to a previous announcement
Further extension of Offer period and updated timetable
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 7 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
PROPELL HOLDINGS 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 |
ACN | 614837099 | |
1.3 | ASX issuer code | |
PHL |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Further extension of Offer period and updated timetable
1.4b Date of previous announcement to this update
16/5/2022
1.5 Date of this announcement
25/5/2022
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is: + Non-renounceable
Proposed issue of securities | 2 / 7 |
Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
only | ||||
Part 3A - Conditions | ||||
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can | ||||
proceed on an unconditional basis? | ||||
use | No | |||
Part 3B - Offer details | ||||
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities | ||||
personal | proposed to be issued | |||
ASX +security code and description | ||||
PHL : ORDINARY FULLY PAID | ||||
Is the proposed security a 'New | Will the proposed issue of this | If the entity has quoted company | ||
class' (+securities in a class that is | +security include an offer of | options, do the terms entitle option | ||
not yet quoted or recorded by ASX) | attaching +securities? | holders to participate on exercise? | ||
or an 'Existing class' (additional | No | No | ||
securities in a class that is already | ||||
quoted or recorded by ASX)? | ||||
Existing class | ||||
D tails of +securities proposed to be issued | ||||
ASX +security code and description | ||||
PHL : ORDINARY FULLY PAID | ||||
For | ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | |||
ISIN Code for the entitlement or right to participate in a non-renounceable | ||||
issue (if Issuer is foreign company and +securities are non CDIs)
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities to be issued
For a given quantity of +securities held
2 | 5 |
Proposed issue of securities | 3 / 7 |
Proposed issue of securities
What will be done with fractional entitlements?
Maximum number of +securities proposed to be issued (subject to rounding)
only | Fractions rounded up to the next | 38,316,064 | |||
whole number | |||||
Offer price details for retail security holders | |||||
In what currency will the offer be | What is the offer price per +security | ||||
made? | for the retail offer? | ||||
AUD - Australian Dollar | AUD 0.05800 | ||||
use | Oversubscription & Scale back details | ||||
personal | Will individual +security holders be permitted to apply for more than their | ||||
entitlement (i.e. to over-subscribe)? | |||||
Yes | |||||
Yes | |||||
Describe the limits on over-subscription | |||||
Security holders eligible to participate in the Entitlement Offer who take up their entitlement in full will have the opportunity | |||||
to apply for an additional number of New Securities in excess of their entitlement through a Top-Up facility (Additional | |||||
Securities). Any New Securities issued in excess of entitlements will be limited by the allocation policy as set out in the | |||||
Offer Booklet. Allocations may be scaled-back at the discretion of the Company. | |||||
Will a scale back be applied if the offer is over-subscribed? | |||||
Yes | |||||
Describe the scale back arrangements | |||||
Allocations may be scaled-back at the discretion of the Company, having regard to the pro-rata entitlements of eligible | |||||
security holders. | |||||
Will these +securities rank equally in all respects from their issue date with | |||||
the existing issued +securities in that class? | |||||
For | |||||
Part 3C - Timetable | |||||
3C.1 +Record date 27/4/2022
Proposed issue of securities | 4 / 7 |
Proposed issue of securities
3C.2 Ex date 26/4/2022
3C.4 Record date 27/4/2022
only | 3C.5 Date on which offer documents will be sent to +security holders | ||
entitled to participate in the +pro rata issue | |||
29/4/2022 | |||
3C.6 Offer closing date | |||
20/6/2022 | |||
use | 3C.7 Last day to extend the offer closing date | ||
15/6/2022 | |||
3C.9 Trading in new +securities commences on a deferred settlement basis | |||
21/6/2022 | |||
3C.11 +Issue date and last day for entity to announce results of +pro rata | |||
issue | |||
personal | 24/6/2022 | ||
3C.12 Date trading starts on a normal T+2 basis | |||
27/6/2022 | |||
3C.13 First settlement date of trades conducted on a +deferred settlement | |||
basis and on a normal T+2 basis | |||
29/6/2022 | |||
Pa t 3E - Fees and expenses | |||
3E.1 Will there be a lead manager or broker to the proposed offer? | |||
Yes | |||
3E.1a Who is the lead manager/broker? | |||
For | Reach Corporate Pty Ltd | ||
3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? | |||
Under one mandate covering both the Placement announced 13 April 2022 and the Entitlement Offer announced 20 April | |||
2022 the applicable fees are: |
- Setup fee: $20,000 (excluding GST)
- Capital raise fee: 6% (excluding GST)
- Success fee: One option to subscribe for a fully paid ordinary share for each one dollar AUD raised with an exercise price of $0.10 per option and expiring 3 years from the date of issue
3E.2 Is the proposed offer to be underwritten? No
Proposed issue of securities | 5 / 7 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Propell Holdings Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 01:12:09 UTC.