Proposed issue of securities
Announcement Summary
For personal use only
Entity name
INCENTIAPAY LIMITED
Announcement Type
New announcement
Date of this announcement
10/11/2021
The Proposed issue is:
A standard pro rata issue (including non-renounceable or renounceable)
Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
INP | ORDINARY FULLY PAID | 235,003,320 |
Ex date | ||
+Record date | ||
15/11/2021 | ||
Offer closing date | ||
29/11/2021 |
Issue date
6/12/2021
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
INCENTIAPAY 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 |
ABN | 43167603992 | |
1.3 | ASX issuer code | |
INP | ||
1.4 The announcement is | ||
New announcement | ||
1.5 | Date of this announcement |
10/11/2021
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is: + Renounceable
Proposed issue of securities | 2 / 6 |
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 | ||||
INP : 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 | ||||
INP : ORDINARY FULLY PAID | ||||
For | ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | |||
ISIN Code for the tradable rights created under a renounceable right 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
10 | 43 |
Proposed issue of securities | 3 / 6 |
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 | 235,003,320 | ||
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 0.02200 | |||
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 | ||||
Describe the limits on over-subscription | ||||
Security holders with more than 20% voting power in the Company cannot over-subscribe. | ||||
Otherwise, security holders that oversubscribe will be allocated shares on a pro rata basis. | ||||
Will a scale back be applied if the offer is over-subscribed? | ||||
Yes | ||||
Describe the scale back arrangements | ||||
Security holders will be scaled back on a pro-rata basis having regard to the relevant security holders¿ holdings as at the | ||||
record date. | ||||
Will these +securities rank equally in all respects from their issue date with | ||||
the existing issued +securities in that class? | ||||
Yes | ||||
For | ||||
Part 3C - Timetable |
3C.1 | +Record date |
15/11/2021 | |
3C.2 | Ex date |
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
3C.3 | Date rights trading commences | ||
3C.4 | Record date | ||
only | 3C.5 | Date on which offer documents will be sent to +security holders | |
entitled to participate in the +pro rata issue | |||
18/11/2021 | |||
3C.6 | Offer closing date | ||
29/11/2021 | |||
3C.7 Last day to extend the offer closing date | |||
use | 24/11/2021 | ||
3C.8 | Date rights trading ends | ||
22/11/2021 | |||
3C.9 | Trading in new +securities commences on a deferred settlement basis | ||
23/11/2021 | |||
personal | 3C.11 +Issue date and last day for entity to announce results of +pro rata | ||
issue | |||
6/12/2021 | |||
3C.12 Date trading starts on a normal T+2 basis | |||
7/12/2021 | |||
3C.13 First settlement date of trades conducted on a +deferred settlement | |||
basis and on a normal T+2 basis | |||
9/12/2021 | |||
Part 3E - Fees and expenses | |||
3E.1 Will there be a lead manager or broker to the proposed offer? | |||
For | Yes | ||
3E.1a Who is the lead manager/broker?
Panthea Capital Partners Pty Ltd ABN 32 159 381 638
3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
A fee of $135,000
3E.2 Is the proposed offer to be underwritten? No
Proposed issue of securities | 5 / 6 |
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IncentiaPay Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 23:14:08 UTC.