Echoice : 17/06/2016 – EGM presentation and notes PDF

3b902ced-1bda-4915-bdf4-288079f20657.pdf General Meeting of Shareholders 16 June 2016 Disclaimer

This document has been prepared by eChoice Limited ("eChoice") and comprises written materials/slides concerning eChoice. The material in this presentation is general background information about eChoice and is current at the date of the presentation. It is information given in summary form and does not purport to be complete. All statements are based on the Company's best information as at the date of the presentation and eChoice has not independently verified the information contained herein.

This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell or otherwise dispose of, or issue, or any solicitation of any offer to sell or otherwise dispose of, purchase or subscribe for, any securities, nor does it constitute investment, legal, tax or accounting advice or recommendations, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

Potential investors should not rely solely on the information contained herein prior to making any investment decision. Investors should seek independent advice from a properly qualified advisor, giving regard to their own personal circumstances, prior to forming any investment decision.

This document contains certain statements (including indications of and guidance on future earnings and performance, projections, estimates and opinions which can be identified by the fact that they use words such as "anticipate", "estimate", "expect", "project", "intend", "plan", "budget", "believe", "target", "may", "assume" and words of similar import) concerning the anticipated future performance of eChoice ("Forward Looking Statements"). These Forward Looking Statements may involve significant elements of subjective judgment and assumption as to future events which may or may not be correct. None of these Forward Looking Statements is a guarantee or representation as to future performance or any other further matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside the control of eChoice.

Accordingly, eChoice's actual results, performance and prospects could differ materially from that expressed in or implied by the Forward Looking Statements. No representation or warranty, express or implied, is made by eChoice that the Forward Looking Statements contained in this announcement are accurate, complete, reliable or adequate that they will be achieved or prove to be correct. Except for any statutory liability which cannot be excluded, each of eChoice, its respective officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the Forward Looking Statements and excludes all liability whatsoever (including in negligence) for any direct or indirect loss or damage which may be suffered by any person as a consequence of any information in this release or any error or omission therefrom.

All references to dollars, cents or $ in this presentation are to Australian currency unless otherwise stated.

Delisting Proposal

Summary of proposal

• The prospects for the Company's core business are strong

• However, those prospects are hindered by the inability to raise capital from investors in listed companies due to:

  • the lack of liquidity in ECO's shares; and

  • the associated depressed share price

• In addition, an ASX listing imposes significant cost, compliance and reporting burdens for a company of ECO's size

• The Board believes there will be significant benefits from allowing the

  business to develop in an unlisted environment

• The Board believes the Delisting Proposal will address these issues and is in the best interests of the company and its shareholders

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  Delisting Proposal

  Impact of the proposal

• ECO can develop its new business model and value proposition without the exposure associated with being listed

• Improved access to capital from investors familiar with unlisted growth

  companies

• Shareholders continue to receive the protections of being invested in a public company, including ongoing disclosure via our website

• While trading shares on the ASX will no longer be available:

  • current ASX trading volumes limit liquidity in any event

  • shareholders can continue to trade their shares privately by lodging a valid Transfer & Acceptance form with the company's share registry

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