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X2M CONNECT LIMITED
ACN 637 951 154
PROSPECTUS
For a non-renounceable accelerated institutional and retail entitlement issue of 1 Share for every 3 Shares held by those Eligible Shareholders registered at the Record Date at an issue price of $0.085 per Share to raise up to approximately $3,970,000 (based on the number of Shares on issue as at the date of this Prospectus), together with 1 New Option for every 2 Shares subscribed for and issued (Offer).
IMPORTANT NOTICE
This document is important and should be read in its entirety. If after reading this Prospectus you have any questions about the Securities being offered under this Prospectus or any other matter, then you should consult your stockbroker, accountant or other professional adviser.
The Securities offered by this Prospectus should be considered highly speculative.
For personal use only
C O N T E N T S | ||
4. | DETAILS OF THE OFFER............................................................................................. | 6 |
5. | PURPOSE AND EFFECT OF THE OFFER.................................................................... | 13 |
6. | RIGHTS AND LIABILITIES ATTACHING TO SECURITIES ............................................ | 18 |
7. | RISK FACTORS ....................................................................................................... | 23 |
8. | ADDITIONAL INFORMATION ................................................................................. | 35 |
9. | DIRECTORS' AUTHORISATION ............................................................................... | 44 |
10. | GLOSSARY............................................................................................................. | 45 |
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1. CORPORATE DIRECTORY
Directors
Hon. Alan Stockdale AO
Independent Chair
Damien Johnston
Non-Executive Director
Jodie Leonard
Non-Executive Director
John Stewart
Non-ExecutiveDirector
Company Secretary
Oliver Carton
Registered Office
Suite 1.01B, Building B
18-24 Ricketts Road
Mount Waverley VIC 3149
Telephone: 1800 926 926
Website: https://x2mconnect.com/
Email: enquiry@x2mconnect.com
ASX Code
X2M
Share Registry*
Automic Pty Ltd
Level 5, 126 Phillip Street
SYDNEY NSW 2000
Telephone: +61 2 9698 5414
Email:hello@automic.com.au
Auditor
Grant Thornton
5/727 Collins Street
Melbourne VIC 3008
Legal Advisers
Steinepreis Paganin
Level 4, 50 Market Street
Melbourne VIC 3000
Lead Manager
Bell Potter Securities Limited
(ACN 006 390 772) (AFSL No. 243480)
Level 29, 101 Collins Street
MELBOURNE VIC 3000
For
*This entity is included for information purposes only. It has not been involved in the preparation of this Prospectus and has not consented to being named in this Prospectus.
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2. | TIMETABLE | ||||
Event | Date | ||||
Request for trading halt | Before market open | ||||
Announcement of Offer | Monday, 25 July 2022 | ||||
Lodgement of Appendix 3B with ASX | |||||
Lodgement of Prospectus with ASIC and ASX | |||||
Institutional Offer opens | Monday, 25 July 2022 | ||||
Announcement of results of Institutional Offer | Before market open | ||||
Wednesday, 27 July | |||||
2022 | |||||
Trading halt lifted | Wednesday, 27July | ||||
Trading resumes on an ex-entitlement basis | 2022 | ||||
Record Date for the Retail Offer | Wednesday, 27July | ||||
2022 (5:00pm AEST) | |||||
Prospectus despatched to Shareholders | Friday, 29 July 2022 | ||||
Company announces the despatch has completed | |||||
Opening Date for Retail Offer | |||||
Settlement of Institutional Offer | Friday, 29 July 2022 | ||||
Issue of Shares under Institutional Offer and | Monday, 1 August | ||||
2022 (no later than | |||||
Lodgement of Appendix 2A | |||||
12:00pm AEST) | |||||
Quotation of Shares issued under the Institutional Offer | Tuesday, 2 August | ||||
2022 | |||||
Last day to extend Retail Offer closing date | Before 12:00pm (AEST) | ||||
Friday, 12 August 2022 | |||||
Closing Date of the Retail Offer | Wednesday, 17 | ||||
August 2022 | |||||
(5:00pm AEST) | |||||
Announcement of results of Retail Offer | Before 12:00pm (AEST) | ||||
Friday, 19 August 2022 | |||||
Issue of Shares under the Retail Offer and Options | Friday, 19 August 2022 | ||||
issued under the Entitlement Offer and Lodgement of | (no later than 12:00pm | ||||
Appendix 2A | AEST) | ||||
Quotation of Shares issued under the Retail Offer and | Monday, 22 August | ||||
New Options issued under the Entitlement Offer | 2022 | ||||
Expected despatch of holding statements for retail | Tuesday, 23 August | ||||
holders | 2022 | ||||
*All dates are indicative and subject to change. The Company | reserves the right to alter this | ||||
timetable at any time. |
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3. IMPORTANT NOTES
This Prospectus is dated 25 July 2022 and was lodged with the ASIC on that date. The ASIC, the ASX and their respective officers take no responsibility for the contents of this Prospectus or the merits of the investment to which this Prospectus relates.
No Securities may be issued on the basis of this Prospectus later than 13 months after the date of this Prospectus.
No person is authorised to give information or to make any representation in connection with this Prospectus, which is not contained in this Prospectus. Any information or representation not so contained may not be relied on as having been authorised by the Company in connection with this Prospectus.
It is important that investors read this Prospectus in its entirety and seek professional advice where necessary. The Securities the subject of this Prospectus should be considered highly speculative.
Applications for Securities offered pursuant to this Prospectus can only be submitted on an original Entitlement and Acceptance Form or a Shortfall Application Form.
This Prospectus is a transaction specific prospectus for an offer of continuously quoted securities (as defined in the Corporations Act) and has been prepared in accordance with section 713 of the Corporations Act. It does not contain the same level of disclosure as an initial public offering prospectus. In making representations in this Prospectus regard has been had to the fact that the Company is a disclosing entity for the purposes of the Corporations Act and certain matters may reasonably be expected to be known to investors and professional advisers whom potential investors may consult.
In addition to the Offer, this Prospectus is also being issued to remove any secondary trading restrictions that may attach to Shares issued by the Company pursuant to the Institutional Offer in accordance with section 708A(11) of the Corporations Act.
3.1 Risk factors
Potential investors should be aware that subscribing for Securities in the Company involves a number of risks. The key risk factors of which investors should be aware are set out in Section 7 of this Prospectus. These risks, together with other general risks applicable to all investments in listed securities not specifically referred to, may affect the value of the Securities in the future. Accordingly, an investment in the Company should be considered highly speculative. Investors should consider consulting their professional advisers before deciding whether to apply for Securities pursuant to this Prospectus.
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X2M Connect Ltd. published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 00:33:02 UTC.