Proposed issue of securities
Update Summary
For personal use only
Entity name
STRUCTURAL MONITORING SYSTEMS PLC
Announcement Type
Update to previous announcement
Date of this announcement
29/11/2021
Reason for update to a previous announcement
Amendment to timetable
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
STRUCTURAL MONITORING SYSTEMS PLC
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 |
ARBN | 106307322 | |
1.3 | ASX issuer code | |
SMN |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Amendment to timetable
1.4b Date of previous announcement to this update
21/10/2021
1.5 Date of this announcement
29/11/2021
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 / 6 |
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? | |||||||
Yes | |||||||
use | 3A.1a Conditions | ||||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | ||||
+Security holder approval | 25/11/2021 | actual? | received/condition met? | ||||
Estimated | |||||||
Comments | |||||||
personal | |||||||
P rt 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 | |||||||
SMN : CHESS DEPOSITARY INTERESTS 1:1 | |||||||
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 | No | No | |||||
For | securities in a class that is already | ||||||
quoted or recorded by ASX)? | |||||||
Existing class | |||||||
Details of +securities proposed to be issued
ASX +security code and description
SMN : CHESS DEPOSITARY INTERESTS 1:1
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)
For personal use only
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 | held |
1 | 8 |
What will be done with fractional | Maximum number of +securities |
entitlements? | proposed to be issued (subject to |
rounding) | |
Fractions rounded up to the next | 13,698,630 |
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 0.73000 |
Oversubscription & Scale back details
Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?
No
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
The Rights Issue is subject to SMN's discretion to scale back applications (if necessary)
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 | 4 / 6 |
Proposed issue of securities
Part 3C - Timetable
personal use only
3C.1 +Record date
13/1/2022
3C.2 Ex date
12/1/2022
3C.4 Record date
13/1/2022
3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue
14/1/2022
3C.6 Offer closing date
25/1/2022
3C.7 Last day to extend the offer closing date
20/1/2022
3C.9 Trading in new +securities commences on a deferred settlement basis
27/1/2022
3C.11 +Issue date and last day for entity to announce results of +pro rata issue
28/1/2022
3C.12 Date trading starts on a normal T+2 basis
31/1/2022
3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis
2/2/2022
Part 3E - Fees and expenses
For
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
Proposed issue of securities | 5 / 6 |
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Structural Monitoring Systems plc published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 08:29:11 UTC.