Adacel Technologies : Update - Notification of buy-back - ADA
March 23, 2022 at 06:27 pm
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Notification of buy-back
Announcement Summary
For personal use only
Name of entity
ADACEL TECHNOLOGIES LIMITED
Announcement type
Update announcement
Type of update
Daily buy-back notification
Date of this announcement
24/3/2022
Reason for update
Daily buy-back notification
ASX Security code and description of the class of +securities the subject of the buy-back
ADA : ORDINARY FULLY PAID
The type of buy-back is:
On market buy-back
Total number of +securities bought back before previous day
0
Total number of +securities bought back on previous day
14,567
Refer to next page for full details of the announcement
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Notification of buy-back
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
ADACEL TECHNOLOGIES LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2
Registration number type
Registration number
ABN
15079672281
1.3
ASX issuer code
ADA
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
1/3/2022
1.4d Date of previous announcement to this update
1/3/2022
1.5 Date of this announcement
24/3/2022
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
ADA : ORDINARY FULLY PAID
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Notification of buy-back
Part 2 - Type of buy-back
2.1 The type of buy-back is: On market buy-back
For personal use only
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Part 3 - Buy-back details
only
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of
+securities to be bought back
76,638,653
use
3A.4 Does the entity intend to buy back a minimum
number of +securities
No
3A.5 Does the entity intend to buy back a maximum
number of securities
Yes
3A.5a Maximum number of securities proposed to be
personal
bought back
7,591,942
3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:
Bell Potter
3A.9 Are the +securities being bought back for a cash consideration?
Yes
3A.9a Is the price to be paid for +securities bought back known?
No
3A.9a.1 In what currency will the buy-back consideration
be paid?
For
AUD - Australian Dollar
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder approval?
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Notification of buy-back
No
only
Part 3C - Key dates
On-marketbuy-back
3C.2 Proposed buy-back start date
use
17/3/2022
3C.3 Proposed buy-back end date
16/3/2023
personalFor
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
For further information, please refer to the announcement lodged with ASX on 1 March 2022.
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Adacel Technologies Limited published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 22:27:02 UTC.
Adacel Technologies Limited is an Australia-based provider of air traffic management solutions and air traffic control simulation and training systems and services. The Company's segments include systems and services. The systems segment includes all sales of complex systems and products covering operational control as well as simulation and training, and the hardware and software upgrade business. The services segment includes all aspects of support, field services and on-site technical services. REVAL, its flagship system, is a virtual air traffic control tower system that delivers a spectrum of digital tower operational solutions, from consulting services to system design, development, deployment and support. REVAL applications include single digital tower, multiple digital tower and contingency digital tower. Its Aurora Air Traffic Management (ATM) System integrates oceanic, approach, and tower control capabilities, which manages procedural airspace in a surveillance environment.