Halo Food : Update - Proposed issue of securities - HLF

Proposed issue of securities

Update Summary

For personal use only

Entity name

HALO FOOD CO. LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

18/3/2022

Reason for update to a previous announcement

Completion of the Share Purchase Plan

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

HALO FOOD CO. 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	49621970652
1.3	ASX issuer code
HLF

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Completion of the Share Purchase Plan

1.4b Date of previous announcement to this update

15/2/2022

1.5 Date of this announcement

18/3/2022

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 4 - Details of proposed offer under securities purchase plan

only
Part 4A - Conditions
	4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities
	under the +securities purchase plan issue can proceed on an unconditional basis?
	Yes
use	4A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
	+Security holder approval	18/3/2022	actual?	received/condition met?
	Actual
			Yes
	Comments
	Shareholder approval being obtained for the issue of the consideration securities to the shareholders The Healthy Mummy
For personal	Holdings Pty Limited

Proposed issue of securities

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Proposed issue of securities

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

only	ASX +security code and description
		HLF : ORDINARY FULLY PAID
		Will the proposed issue of this
		+security include an offer of
		attaching +securities?
use	No
	D tails of +securities proposed to be issued
		ASX +security code and description
		HLF : ORDINARY FULLY PAID
		Maximum total number of those +securities that could be issued
		if all offers under the +securities purchase plan are accepted
personal	28,571,429
Will the offer be conditional on applications for a minimum
		number of +securities being received or a minimum amount
		being raised (i.e. a minimum subscription condition)?
		No
		Will the offer be conditional on applications for a maximum
		number of +securities being received or a maximum amount
		being raised (i.e. a maximum subscription condition)?
		No
		Will individual security holders be required to accept the offer for
		a minimum number or value of +securities (i.e. a minimum
		acceptance condition)?
		No
		Will individual security holders be limited to accepting the offer
For	for a maximum number or value of +securities (i.e. a maximum
acceptance condition)?
Yes
		Is the maximum acceptance unit based or dollar based?
		Dollar based ($)
		Please enter the maximum acceptance value
		$ 30,000
		Describe all the applicable parcels available for this offer in number of securities or dollar value
		$30,000; $25,000; $20,000; $15,000; $10,000; $5,000, $2,000.
		Offer price details
	Proposed issue of securities	4 / 10

Proposed issue of securities

Has the offer price been determined?

		No
		In what currency will the offer
		be made?
only	AUD - Australian Dollar
How and when will the offer price be determined?
		The lower of $0.105 and the 15% VWAO of HLF shares over the last five days on which sales in HLF
		shares were recorded up to and including the SPP closing date (currently expected to be 14 March)
		Oversubscription & Scale back details
		Will a scale back be applied if the offer is over-subscribed?
use	Yes
Describe the scale back arrangements
		In the event of oversubscriptions, HLF directors, may, in their absolute discretion, accept
		oversubscriptions (in accordance with ASX parameters0 or alternatively scale-back applications on an
		equitable basis
		Will these +securities rank equally in all respects from their issue date with the existing issued
personal	+securities in that class?
Yes
	Part 4C - Timetable
		4C.1 Date of announcement of +security purchase plan
		15/2/2022
		4C.2 +Record date
		14/2/2022
		4C.3 Date on which offer documents will be made available to investors
For	17/2/2022
4C.4 Offer open date
		23/2/2022

4C.5 Offer closing date 14/3/2022

4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer

21/3/2022

Proposed issue of securities

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