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

SPP Booklet

Target Market Determination