CV Check : Proposed issue of securities - CV1

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

CV CHECK LTD

Announcement Type

New announcement

Date of this announcement

20/12/2021

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unlisted performance options/rights with $nil exercise price	6,000,000
confirmed	and expiry date of 17 December 2023
Proposed +issue date
17/12/2021

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

CV CHECK 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.

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
ACN	111728842
1.3	ASX issuer code
CV1

1. The announcement is New announcement
2. Date of this announcement

20/12/2021

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only
	Part 7A - Conditions
		7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
		type of issue can proceed on an unconditional basis?
			Yes
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	29/11/2021	actual?	received/condition met?
		Actual
								Yes
		Comments
			Performance rights/options to be issued to directors as approved by members at annual general meeting
personal
	P rt 7B - Issue details
			Is the proposed security a 'New		Will the proposed issue of this
			class' (+securities in a class that is		+security include an offer of
			not yet quoted or recorded by ASX)		attaching +securities?
			or an 'Existing class' (additional		No
			securities in a class that is already
			quoted or recorded by ASX)?
			New class
	Details of +securities proposed to be issued
For		ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	Have you received confirmation from		Will the entity be seeking quotation
			ASX that the terms of the proposed		of the 'new' class of +securities on
			+securities are appropriate and		ASX?
			equitable under listing rule 6.1?		No
			Yes
			ASX +security code			+Security description
			New class-code to be confirmed		Unlisted performance options/rights with $nil exercise price and expiry date of
							17 December 2023

Proposed issue of securities

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Proposed issue of securities

+Security type Performance options/rights

Number of +securities proposed to be issued 6,000,000

only	Offer price details
	Are the +securities proposed to be issued being issued for a cash consideration?
	No
	Please describe the consideration being provided for the +securities
	Performance rights are being issued for nil consideration as approved by members at AGM
use
Please provide an estimate of the AUD equivalent of the consideration being
	provided for the +securities
	0.00000001
	Will all the +securities issued in this class rank equally in all respects from
	their issue date?
personal	Yes
proposed to be issued or provide the information by separate announcement.
Performance options/rights details
	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.0000	17/12/2023
	Details of the type of +security that will be issued if the option is exercised
	CV1 : ORDINARY FULLY PAID
	Number of securities that will be issued if the option is exercised
	One fully paid ordinary share (ASX:CV1)
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
For
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02442341-6A1058754?access_token=8
3ff96335c2d45a094df02a206a39ff4

Part 7C - Timetable

7C.1 Proposed +issue date

17/12/2021

Proposed issue of securities

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Proposed issue of securities

Part 7D - Listing Rule requirements

only	7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
Yes
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
29/11/2021
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
use	Yes
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
		No
		7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
personal	No
	Part 7E - Fees and expenses
		7E.1 Will there be a lead manager or broker to the proposed issue?
		No
		7E.2 Is the proposed issue to be underwritten?
		No
		7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
For

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

To provide a performance-linked incentive component to the remuneration of the directors of the Company

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

Proposed issue of securities

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