Zimi : Consolidation/Split - ZMM

Notification of Consolidation/Split

Announcement Summary

Entity name

For personal use only

ZIMI LIMITED

Applicable security for the reorganisation

ZMM

ORDINARY FULLY PAID

ZMMAJ

PERFORMANCE RIGHTS

ZMMAF

PERFORMANCE SHARES RESTRICTED

ZMMAA

OPTION EXPIRING 31-OCT-2023 EX $0.03

ZMMAL

OPTION EXPIRING 10-DEC-2023 EX $0.0001

Announcement Type New Announcement

Date of this announcement 12/4/2022

Reorganisation type Security consolidation

Trading in the post consolidation or split +securities commences on a deferred settlement basis 31/5/2022

Record Date 1/6/2022

Issue Date 8/6/2022

Additional Information

In respect of 213,333 Performance Shares (of the approximate 320,000 Performance Shares (post-consolidation)), the performance milestone to be amended to state that Performance Shares will convert into 1 Share upon the Company achieving a share price of at least $0.45 (pre-consolidation $0.03) and a market capitalisation of at least $45,000,000, each based on the volume weighted average market price over 20 consecutive trading days during which the Company's shares have actually traded expiring 19 December 2023.

Notification of Consolidation/Split

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Notification of Consolidation/Split

Refer to below for full details of the announcement

For personal use only

Notification of Consolidation/Split

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Notification of Consolidation/SplitAnnouncement Details

For personal use only

ASX +Security Code	ASX +Security Description
ZMM	ORDINARY FULLY PAID
ZMMAJ	PERFORMANCE RIGHTS
ZMMAF	PERFORMANCE SHARES RESTRICTED
ZMMAA	OPTION EXPIRING 31-OCT-2023 EX $0.03
ZMMAL	OPTION EXPIRING 10-DEC-2023 EX $0.0001
Part 2 - Approvals

Part 1 - Entity and announcement details

1.1 Name of +Entity

ZIMI LIMITED

1.2 Registered Number Type

ACN

1.3 ASX issuer code

ZMM

1.4 The announcement isNew announcement

1.5 Date of this announcement 12/4/2022

1.6 Securities affected by the consolidation or splitRegistration Number 113326524

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable?Security holder approval

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Notification of Consolidation/Split

Security holder approvalCourt approval

Lodgement of court order with +ASICACCC approval

FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

For personal use only

Yes

2.2 Approvals

Approval/Condition +Security holder approval

Date for determination 27/5/2022

Is the date estimated or actual?

Approval received/condition met?

Actual

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date 1/6/2022

3.2 Date of +security holder meeting

27/5/2022

3.2a Effective date of consolidation or split

27/5/2022

3.3 Last day for trading in the pre consolidation or split +securities 30/5/2022

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis. 31/5/2022

3.5 Record date 1/6/2022

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

2/6/2022

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

8/6/2022

3.8 Trading starts on a normal T+2 basis 9/6/2022

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Notification of Consolidation/Split

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis 14/6/2022

Part 4 - Event type and details

For personal use only

4.1 The event is+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 15

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole numberPart 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or splitASX +Security Code ZMM

Quoted/unquotedQuoted

ASX +Security Code ZMMAJ

Quoted/unquotedUnquoted

ASX +Security Code ZMMAF

Quoted/unquotedUnquoted

ASX +Security Description ORDINARY FULLY PAID

Number on issue pre consolidation or split 979,919,428

ASX +Security Description PERFORMANCE RIGHTS

Number on issue pre consolidation or split 1,440,000

Number on issue post consolidation or split 65,327,962

Number on issue post consolidation or split 96,000

ASX +Security Description PERFORMANCE SHARES RESTRICTED

Number on issue pre consolidation or split 4,800,000

Number on issue post consolidation or split 320,000

Estimate/ActualEstimatedEstimate/ActualEstimatedEstimate/ActualEstimated

Notification of Consolidation/Split

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