Announcement Summary
Entity name
FITZROY RIVER CORPORATION LTD
Announcement Type
New announcement
Date of this announcement Wednesday February 17, 2021
The Proposed issue is:
An accelerated offer
Total number of +securities proposed to be issued for an accelerated offer
Maximum Number of
ASX +security code | +Security description | +securities to be issued |
FZR | ORDINARY FULLY PAID | 21,590,850 |
Trading resumes on an ex-entitlement basis (ex date)
Friday February 19, 2021
+Record date
Friday February 19, 2021
Offer closing date for retail +security holders Tuesday March 16, 2021
Issue date for retail +security holders Tuesday March 23, 2021
Refer to next page for full details of the announcementPart 1 - Entity and announcement details
1.1 Name of +Entity
FITZROY RIVER CORPORATION LTD
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.
1.2 Registered Number Type ABN
1.3 ASX issuer code FZR
1.4 The announcement isNew announcement
1.5 Date of this announcement Wednesday February 17, 2021
1.6 The Proposed issue is:An accelerated offer
1.6b The proposed accelerated offer is
Registration Number 75075760655
Accelerated non-renounceable entitlement offer (commonly known as a JUMBO or ANREO)Part 3 - Details of proposed entitlement offer issue
Part 3A - Conditions
3A.1 - Are any of the following approvals required for the entitlement offer to be unconditional?+Security holder approval
Court approval
Lodgement of court order with +ASICACCC approval
FIRB approval
Another approval/condition external to the entityNo
Part 3B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued
ASX +security code and description FZR : ORDINARY FULLY PAID
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)?
Will the proposed issue of this +security include an offer of attaching +securities?
If the entity has quoted company options, do the terms entitle option holders to participate on exercise?
No
No
Existing class
Details of +securities proposed to be issued
ASX +security code and description
FZR : ORDINARY FULLY PAID
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
ISIN Code for the entitlement or right to participate in the offer (if Issuer is foreign company and +securities are non CDIs)
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
Has the offer ratio been determined?
Yes
The quantity of additional +securities For a given quantity of +securitiesto be issued 1
held 4
What will be done with fractional entitlements?
Maximum number of +securities proposed to be issued (subject to rounding)
Fractions rounded up to the next whole number
21,590,850
Offer price details for retail security holders
Has the offer price for the retail offer been determined?
Yes
In what currency will the offer be | What is the offer price per +security |
made? | for the retail offer? |
AUD - Australian Dollar | AUD 0.12000 |
Offer price details for institutional security holders
Has the offer price for the institutional offer been determined?
Yes
In what currency will the offer be | What is the offer price per +security |
made? | for the institutional offer? |
AUD 0.12000 | |
AUD - Australian Dollar | |
Oversubscription & Scale back details |
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 100% of their entitlement
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
Refer Entitlement Offer Booklet to be lodged with ASX on 19 February 2021
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Part 3D - Timetable
3D.1a First day of trading halt
Wednesday February 17, 2021
3D.1b Announcement date of accelerated offer
Wednesday February 17, 2021
3D.2 Trading resumes on an ex-entitlement basis (ex date)
Friday February 19, 2021
3D.5 Date offer will be made to eligible institutional +security holders
Wednesday February 17, 2021
3D.6 Application closing date for institutional +security holders
Wednesday February 17, 2021
3D.8 Announcement of results of institutional offer
(The announcement should be made before the resumption of trading following the trading halt)
Friday February 19, 2021
3D.9 +Record date
Friday February 19, 2021
3D.10a Settlement date of new +securities issued under institutional entitlement offer
Thursday February 25, 2021
3D.10b +Issue date for institutional +security holders
Friday February 26, 2021
3D.10c Normal trading of new +securities issued under institutional entitlement offer
Monday March 1, 2021
3D.11 Date on which offer documents will be sent to retail +security holders entitled to participate in the +pro rata issue
Wednesday February 24, 2021
3D.12 Offer closing date for retail +security holders
Tuesday March 16, 2021
3D.13 Last day to extend retail offer close date
Thursday March 11, 2021
3D.16 Entity announces results of retail offer, including the number and percentage of +securities taken up by existing retail +security holders.
Friday March 19, 2021
3D.19 +Issue date for retail +security holders
Tuesday March 23, 2021
Part 3E - Fees and expenses
3E.1 Will there be a lead manager or broker to the proposed offer?
Yes
3E.1a Who is the lead manager/broker?
Taylor Collison
3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
Refer section in relation to underwriting
3E.2 Is the proposed offer to be underwritten?
Yes
3E.2a Who are the underwriter(s)?
Taylor Collison
3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)?
Fully underwritten
3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)? 2% management fee on the offer total plus 4% fee on the retail component of the offer
3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated As is customary, the Underwriting Agreement includes a number of termination events (in certain circumstances, having regard to the materiality of the relevant event.
3E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer?
Yes
3E.2e (i) What is the name of that party?
Malcolm McComas and Susan Thomas directors
3E.2e (ii) What is the extent of their underwriting or sub-underwriting (ie the amount or proportion of the offer they have underwritten or sub-underwritten)?
Malcolm McComas - $99,999.96
Susan Thomas - $388,635.24
3E.2e (iii) What fee, commission or other consideration is payable to them for acting as underwriter or sub-underwriter?
3%
3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
No
3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer
Part 3F - Further Information
3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue
To repay the Company's $2.5m debt facility plus costs of the offer
3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue?
Yes
3F.2a Please explain how holdings on different registers or subregisters will be aggregated for the purposes of determining entitlements.
all holdings under the same name will be aggregated
3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful?
No
3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue
3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities
Yes
3F.5a Please provide further details of the offer to eligible beneficiaries
Please refer to offer entitlement booklet when lodged with ASX
3F.6 URL on the entity's website where investors can download information about the proposed issuewww.fitzroyriver.net.au
3F.7 Any other information the entity wishes to provide about the proposed issue
3F.8 Will the offer of rights under the rights issue be made under a disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)?
No
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Disclaimer
Fitzroy River Corporation Ltd. published this content on 16 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2021 09:45:00 UTC.