Proposed issue of securities
Update Summary
For personal use only
Entity name
SKIN ELEMENTS LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
17/11/2021
Reason for update to a previous announcement
To update timetable
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 8 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
SKIN ELEMENTS 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 | 90608047794 | |
1.3 | ASX issuer code | |
SKN |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
To update timetable
1.4b Date of previous announcement to this update
3/11/2021
1.5 Date of this announcement
17/11/2021
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 | 2 / 8 |
Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
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? | ||||
use | No | |||
Part 3B - Offer details | ||||
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities | ||||
personal | proposed to be issued | |||
ASX +security code and description | ||||
SKN : ORDINARY FULLY PAID | ||||
Is the proposed security a 'New | Will the proposed issue of this | If the entity has quoted company | ||
class' (+securities in a class that is | +security include an offer of | options, do the terms entitle option | ||
not yet quoted or recorded by ASX) | attaching +securities? | holders to participate on exercise? | ||
or an 'Existing class' (additional | Yes | No | ||
securities in a class that is already | ||||
quoted or recorded by ASX)? | ||||
Existing class | ||||
D tails of +securities proposed to be issued | ||||
ASX +security code and description | ||||
SKN : ORDINARY FULLY PAID | ||||
For | 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 to be issued
For a given quantity of +securities held
1 | 15 |
Proposed issue of securities | 3 / 8 |
Proposed issue of securities
What will be done with fractional entitlements?
Maximum number of +securities proposed to be issued (subject to rounding)
only | Fractions rounded up to the next | 25,298,484 |
whole number | ||
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 0.08000 | |
use | Oversubscription & Scale back details | |
personal | 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 | ||
At the absolute discretion of Directors if there is a Shortfall, the Company will allocate Shortfall Shares According to the | ||
following priority: | ||
(a) Shortfall Shares may be allocated to any Eligible Shareholders who apply for Shortfall Shares under the Shortfall Offer. | ||
(b) If following the allocation in paragraph (a), there remains a Shortfall, those unallocated Shortfall Shares will then be | ||
allocated to other investors who apply under the Shortfall Offer | ||
Will a scale back be applied if the offer is over-subscribed? | ||
Yes | ||
Describe the scale back arrangements | ||
In relation to the Shortfall Offer, the Company reserves the right to issue to an Applicant a lesser number of Shortfall | ||
Shares than the number applied for, reject an Application or not proceed with the issuing of the Shortfall Shares or part | ||
thereof. if the number of Shortfall Shares issued is less than the number applied for, surplus Application Monies will be | ||
refunded in full. Interest will not be paid on Application Monies refunded. | ||
For | ||
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 | 4 / 8 |
Proposed issue of securities
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
only
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)
use
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
ASX +security code
New class-code to be confirmed
Will the entity be seeking quotation of the 'new' class o +securities on ASX?
Yes
+Security description
Listed options exercisable at $0.10 expiry 15 March 2024
+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 up to the next whole number
Offer price details for retail security holders
For a given quantity of the new +securities issued
2
Maximum number of +securities proposed to be issued (subject to rounding)
12,649,242
For personal
In 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
What is the offer price per +security for the retail offer?
AUD 0.00000
Describe the limits on over-subscription
At the absolute discretion of Directors if there is a Shortfall, the Company will allocate Shortfall Shares According to the following priority:
Proposed issue of securities | 5 / 8 |
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Skin Elements Ltd. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 07:26:03 UTC.