Reedy Lagoon : Proposed issue of securities - RLC

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

REEDY LAGOON CORPORATION LIMITED

Announcement Type

New announcement

Date of this announcement 2/5/2022

The Proposed issue is:

A standard pro rata issue (including non-renounceable or renounceable)

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

Ex date 4/5/2022

+Record date 5/5/2022

Offer closing date 20/5/2022

Issue date 27/5/2022

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

REEDY LAGOON CORPORATION 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 ABN

Registration Number 41006639514

1.3 ASX issuer code RLC

1.4 The announcement isNew announcement

1.5 Date of this announcement 2/5/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

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 RLC : 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

RLC : 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 7

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 up to the next whole number

78,336,747

For personal use only

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 0.04000
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

Additional Shares will only be available to the extent other Eligible Shareholders do not take up their Entitlements in full. RLC will decline to issue New Shares to a person to the extent that the issue would otherwise result in that person holding more than 20% of the voting power in RLC.

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

All or some of the New Shares applied for by a shareholder above their Entitlement ("Additional Shares") may not be allocated:

• (a) there are insufficient New Shares available (refer above); and/or

• (b) RLC in its absolute discretion applies an allocation policy or scale back; and/or

• (c) the 20% Limit on Allocation applies ( refer above)

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Proposed issue of securities

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Proposed issue of securities

Part 3C - Timetable

3C.1 +Record date

5/5/2022

For personal use only

3C.2 Ex date

4/5/2022

3C.4 Record date

5/5/2022

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

10/5/2022

3C.6 Offer closing date 20/5/2022

3C.7 Last day to extend the offer closing date 17/5/2022

3C.9 Trading in new +securities commences on a deferred settlement basis 23/5/2022

3C.11 +Issue date and last day for entity to announce results of +pro rata issue

27/5/2022

3C.12 Date trading starts on a normal T+2 basis 30/5/2022

3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis

1/6/2022

Part 3E - Fees and expenses

• 3E.1 Will there be a lead manager or broker to the proposed offer?

  No

• 3E.2 Is the proposed offer to be underwritten?

No

3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a

Proposed issue of securities

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