Proposed issue of securitiesAnnouncement Summary
For personal use only
Entity name CONICO LTD
Announcement Type New announcement
Date of this announcement 31/3/2022
The Proposed issue is:
A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
Proposed +issue date 24/5/2022
Refer to next page for full details of the announcementProposed issue of securities
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Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
CONICO LTD
For personal use only
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 ABN
Registration Number 49119057457
1.3 ASX issuer code CNJ
1.4 The announcement isNew announcement
1.5 Date of this announcement 31/3/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities
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Proposed issue of securitiesPart 7 - Details of proposed placement or other issue
For personal use only
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?
Yes
7A.1a Conditions
Approval/Condition +Security holder approval
Date for determination 19/5/2022
Is the date estimated or actual?
Estimated
** Approval received/condition met?
Comments
Free attaching options for the placement announced 31 March 2022, subject to shareholder approval at a General Meeting.
Part 7B - Issue details
Is the proposed 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
Details of +securities proposed to be issued
Will the proposed issue of this +security include an offer of attaching +securities?
No
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
No
ASX +security code
New class-code to be confirmed
Options to acquire Shares at 2.6 cents each on or before 31 December 2026.
of the 'new' class of +securities on ASX?
Yes
+Security description
Proposed issue of securities
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Proposed issue of securities
+Security type
Options
Number of +securities proposed to be issued
75,016,115
For personal use only
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Free attaching options
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
0.0000001
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD 0.0260 | 31/12/2026 |
Details of the type of +security that will be issued if the option is exercised CNJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:CNJ)
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
Lodged 31 March 2022
Part 7C - Timetable
7C.1 Proposed +issue date
24/5/2022
Proposed issue of securities
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Proposed issue of securities
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
Yes
For personal use only
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 19/5/2022
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
Yes
7E.1a Who is the lead manager/broker?
Peloton Capital Pty Ltd (¿Peloton¿) (AFSL 406040), Oracle Capital Group Pty Ltd (¿Oracle¿) (AFSL 521887) and RM Corporate Finance Pty Ltd (¿RM Corporate Finance¿) (AFSL 315235).
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
A lead manager fee of 1% and a placement fee 5% of the value of the funds raised.
7E.2 Is the proposed issue to be underwritten?
No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities No funds raised, free attaching options.
Proposed issue of securities
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Conico Limited published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 00:15:02 UTC.