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INVESTOR PRESENTATION
March 2022
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DISCLAIMERS
Important information and disclaimers
Openn Negotiation Ltd (ACN 612 329 754) ("Openn" or "the Company"). Purpose of Document This document has been prepared by Openn Negotiation Ltd (ACN 612 329 754) ('Openn') for the sole purpose of providing high-levelinformation of a general nature regarding Openn, its wholly-ownedsubsidiary, PP Valley Pty Ltd (ACN 612 338 477) trading as 'Openn Negotiation' ('Openn Negotiation'), the group business and Openn's securities.
Indented Recipients
This document provided personally and in confidence to a restricted number of recipients who are intended
to be persons within Australia to whom securities may be offered and issued without the need for a prospectus or other disclosure document, being a person within one of the categories in section 708 of the Corporations Act 2001 (Cth). Persons who do not meet this requirement but who come into possession of this document should return it to Openn. Any forwarding, distribution or reproduction of this document (in
whole or in part) is prohibited.
Geographical Restrictions
This document is not intended to be provided to any person in a jurisdiction outside of Australia unless
specifically approved by Openn on a case-by-case basis. The distribution of this document outside of Australia may be restricted or regulated by foreign securities laws. Openn has not taken any action register or qualify this document with any governmental or regulatory body, either in or outside of Australia. Persons outside of Australia who come into possession of this document should return it to Openn.
Not Investment Advice
This document is not investment advice and should not be relied upon to make any investment decision.
Nothing in this document is a recommendation to invest in Openn. Openn does not purport to give any financial or investment advice. Account has not been taken of the objectives, financial situation or needs of any recipient of this document.
No Recommendation
This document is not a recommendation to apply for or purchase any securities in Openn. Any decision to invest in Openn must be based on an investor's own circumstances, investigations, analysis and assessment of Openn's current and proposed operations and prospects. Further, due to its early stage of development, any investment in Openn should be considered speculative.
Not Disclosure Document
This document is not a prospectus, product disclosure statement or other regulated investment disclosure
document. The level of disclosure in this document is less than in such disclosure documents. Accordingly, this document does not purport to contain all of the information that a prospective investor or their advisers may require to make an evaluation of Openn, its securities or its business activities.
Not an Offer or Invitation
This document does not make or contain any offer of securities, invitation to subscribe for
securities, or any other offer to invest in Openn to any person. No money or other consideration is being solicited by this presentation. Specifically, it is not an offer, solicitation, nor a specific recommendation with respect to the subscription for, purchase, subscription or sale of any security, nor is it circulated to invite offers to purchase any security. It is for general information purposes
only.
Accuracy of Information
Openn does not give any warranty, representation or assurance (express or implied) as to the accuracy, reliability, relevance or
completeness of the information and material contained in this document. The information in this document may be in summary/abbreviated form. Nothing contained in this document is, or may be relied upon, as a promise,
undertaking, representation or warranty, whether as to the past or the future. To the extent permitted by applicable law, Openn disclaims any responsibility for the accuracy or completeness of the information or material contained in this document,
and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information or material in this document or of any error or omission in relation to the same.
Forward-Looking Statements
This document contains forward-looking statements which may be predictive in nature and incorporate an element
of uncertainty or risk, such as 'intends', 'may', 'could', 'believes', 'estimates', 'targets' or 'expects'. These statements are based on an evaluation of current economic, financial and operating conditions, as well as assumptions regarding future events. There cannot be any assurance that such events will occur as anticipated, or at all, given that many of the events are outside Openn's control. The stated events may differ materially from the ultimate results or circumstances. Accordingly,
Openn does not warrant or represent that the results, performance, outcomes or achievements expressed or implied by the forward- looking statements contained in this document will actually occur as and when stated, or at all. Further, other than as required by law, Openn may not update or revise any forward-looking statement if events subsequently occur or information subsequently becomes available that affects the original forward-looking statement.
Professional Advice
Recipients of this document should consider seeking appropriate professional financial, taxation, accounting, investment and/
or legal advice in relation to the document and all other information with respect to Openn, including evaluating its business, financial performance, securities and operations.
Risks
An investment in Openn, as with any investment, involves a degree of risk. Recipients should consider the risks carefully before making any investment decision. A key risks section is included at the end of the document.
Exclusion of Implied Terms
Openn excludes all terms, conditions, warranties or guarantees that are implied into this document by law, to the maximum extent possible.
Proprietary Information and Copyright
This document and the information it contains is proprietary to Openn. Openn holds the copyright in this document.
Except as permitted under the Copyright Act 1968 (Cth), this document must not be reproduced, copied or distributed (whether in wholly or in part) without Openn's written permission.
Benefit of Disclaimers
To the extent permitted by law, the disclaimers and other provisions above are for the benefit of, and may be relied upon
by, Openn and Openn Negotiation, as well as their respective directors, officers, employees, contractors, agents and advisors (as applicable).
Date of Information
The contents of this document have been prepared having regard to the information available at November 2020.
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OVERVIEW
Openn offers innovative sales processes for real
estate transactions, combining the ease of private treaty, the transparency of auction and cutting-edge technology to ensure the best possible sales outcome for sellers and buyers, facilitated by the Agent.
OPENN SOLVES NUMEROUS INDUSTRY PROBLEMS
Sub-optimal pricing outcomes
Maximises competitive tension by
allowing conditional and unconditional buyers to compete through transparent price discovery
The public demand transparency Offers buyers and sellers a consistent
and trustworthy process that provides proof of a property's market value
Real estate transactions and data are fragmented
Digitises and automates the transaction, creating unique depth of market data and efficiencies throughout the real estate journey
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COMPANY SNAPSHOT
CAPITAL STRUCTURE
ASX Code | OPN |
Cash (as at 31 December 2021) | $6.48M |
Top 20 Shareholders (as at 31 December 2021) | 70.42% |
Share Price (as at 9 March 2022) | $0.16 |
Shares on Issue* | 193,786,121 |
Employee Performance Rights** | 14,559,000 |
Unlisted Options*** | 2,934,519 |
Market Capitalisation (undiluted as at 9 March 2022) | $31.01m |
*76,521,315 securities escrowed until 21/07/23
**2,934,519 Lead Manager Options exercisable at $0.24, expiring 20/01/25
***11,309,000 Class A performance rights, 3,250,000 Class B performance rights
BOARD AND MANAGEMENT
WAYNE ZEKULICH | PETER GIBBONS | DUNCAN ANDERSON |
NON-EXECUTIVE | MANAGING DIRECTOR, | EXECUTIVE DIRECTOR, |
CHAIRPERSON | FOUNDER | CHIEF TECHNOLOGY OFFICER |
SHAREHOLDER MIX
as at 9 March 2022
37% 41%
13% 9%
Directors & Founders | Institutional Investors | |
Substantial Investors | Other Shareholders | |
DARREN BROMLEY | DANIELLE LEE | SEAN ADOMEIT |
EXECUTIVE DIRECTOR, | NON-EXECUTIVE DIRECTOR | CHIEF EXECUTIVE OFFICER |
COMPANY SECRETARY, | AU/NZ | |
CHIEF FINANCIAL OFFICER |
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CORPORATE RESTRUCTURE
only | |
HIGHLIGHTS: | |
use | Sean Adomeit is appointed |
• | |
CEO AU/NZ of Openn, | |
overseeing the Australian and | |
New Zealand markets | |
• Ex-Domain executive, James | |
personalr | Fitzgerald, appointed to the |
senior team | |
New organisational structure | |
• |
allows executive directors, Peter Gibbons and Duncan Anderson, to focus on Openn's North American launch
Sean Adomeit
CEO AU/NZ
James Fitzgerald
General Manager, Product
Marketing
Peter Gibbons
Managing Director
Darren Bromley | Duncan Anderson | |
CFO AU/NZ | CTO | |
Biju Kalissery | Hamilton Colyer-Long | |
General Manager Product | ||
Architect | ||
Delivery | ||
USA OPERATIONS
Duncan Anderson
President North America
Eric Bryant
Director of Operations
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Openn Negotiation Ltd. published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 03:02:07 UTC.