Share Purchase Plan
Under the SPP, Eligible Shareholders will be invited to subscribe for up to $30,000 of new, fully paid ordinary shares (“SPP Shares”) without the cost of brokerage fees or commissions. The issue price of SPP Shares will be the Offer Price of $0.018 and participants in the SPP will be entitled to subscribe for Attaching Options. Please read the SPP booklet in full before applying for any SPP shares.
Key Dates for Share Purchase Plan
| Record Date of SPP |
7:00pm (AEST)
Tuesday, 4 April 2023 |
Dispatch of SPP Offer Booklet, SPP Opening Date
Lodgement of prospectus for Options with ASX and SPP Option Offer opens |
Monday, 1 May 2023 |
| SPP Closing Date |
Friday, 19 May 2023 |
| SPP Shortfall Notification Date |
Tuesday, 23 May 2023 |
| Announcement of results of SPP |
Wednesday, 24 May 2023 |
| SPP Settlement Date (other than Shortfall Shares and Options) |
Thursday, 25 May 2023 |
| SPP Issue Date (other than Shortfall Shares and Options) |
Friday, 26 May 2023 |
| Normal Trading of Securities issued under SPP (other than Shortfall Shares) |
Friday, 26 May 2023 |
| Dispatch of holding statements for SPP |
Monday, 29 May 2023 |
| Annual General Meeting to consider SPP underwriting and Options |
Wednesday, 31 May 2023 |
| SPP Shortfall Settlement Date (subject to Shareholder approval) |
Monday, 5 June 2023 |
| Issue of Options and Shortfall Shares issued under SPP Shortfall Offer (subject to Shareholder approval) |
Wednesday, 7 June 2023 |
Target Market Determination
For more information on how to participate, please contact Automic Registry Services on 1300 288 664 (toll free within Australia) or +61 2 8280 7355.
