Proposed issue of securities
Update Summary
Entity name
For personal use only
POLARX LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
6/4/2022
Reason for update to a previous announcement
Updated rights issue timetable and number of securities due to rounding
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
1.1 Name of +Entity
POLARX LIMITED
For personal use only
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 ACN
Registration Number 161615783
1.3 ASX issuer code PXX
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Updated rights issue timetable and number of securities due to rounding
1.4b Date of previous announcement to this update 31/3/2022
1.5 Date of this announcement 6/4/2022
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)A placement or other type of issue
1.6a The proposed standard +pro rata issue is:+ Non-renounceable
Proposed issue of securities
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Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
For personal use only
Part 3A - Conditions
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?
No
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 PXX : 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?
Yes
No
Existing class
Details of +securities proposed to be issued
ASX +security code and description
PXX : 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 a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities For a given quantity of +securities
to be issued 1
held 8
Proposed issue of securities
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Proposed issue of securities
What will be done with fractional entitlements?
Maximum number of +securities proposed to be issued (subject to rounding)
Fractions rounded down to the nearest whole number or fractions disregarded
104,353,720
For personal use only
Reason for the update of 'Maximum number of +securities proposed to be issued'
Offer price details for retail security holders
In what currency will the offer be | What is the offer price per +security |
made? | for the retail offer? |
AUD - Australian Dollar | AUD 0.02100 |
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
Eligible shareholders who wish to apply for additional new shares and accompanying options, in excess of their entitlement, may do so.
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
The shortfall will be placed at the discretion of the Company.
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Attaching +Security
Is the proposed attaching 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)?
New class
Proposed issue of securities
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Proposed issue of securities
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
For personal use only
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)
Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class ofof the proposed +securities are appropriate and equitable under listing rule 6.1?
No
ASX +security code
New class-code to be confirmed
+Security type
Options
Offer ratio (ratio of attaching securities at which the new +securities will be issued)The quantity of attaching +securities to be issued 1
What will be done with fractional entitlements?
Fractions rounded down to the nearest whole number or fractions disregarded
Reason for the update of 'Maximum number of +securities proposed to be issued'Offer price details for retail security holdersIn what currency will the offer be made?
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
+securities on ASX?
Yes
+Security descriptionListed options
For a given quantity of the new +securities issued 2
Maximum number of +securities proposed to be issued (subject to rounding)
52,176,860
What is the offer price per +security for the retail offer?
AUD 0.00000
Proposed issue of securities
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PolarX Limited published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 08:41:01 UTC.