Proposed issue of securities
Announcement Summary
For personal use only
Entity name
AUSSIE BROADBAND LIMITED
Announcement Type
New announcement
Date of this announcement 3/3/2022
The Proposed issue is:
A placement or other type of issue | ||
Total number of +securities proposed to be issued for a placement or other type of issue | ||
Maximum Number of | ||
ASX +security code | +Security description | +securities to be issued |
ABB | ORDINARY FULLY PAID | 14,725,010 |
Proposed +issue date
15/3/2022
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
AUSSIE BROADBAND 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 | 29132090192 | |
1.3 | ASX issuer code | |
ABB |
- The announcement is New announcement
- Date of this announcement
3/3/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
Proposed issue of securities
Part 7 - Details of proposed placement or other issue
only | ||||
Part 7A - Conditions | ||||
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other | ||||
type of issue can proceed on an unconditional basis? | ||||
Yes | ||||
use | 7A.1a Conditions | |||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |
+Security holder approval | 24/2/2022 | actual? | received/condition met? | |
Actual | ||||
Yes | ||||
Comments | ||||
The new ABB shares the subject of this Appendix 3B are being issued pursuant to a scheme of arrangement | ||||
personal | under Part 5.1 of the Corporations Act between Over the Wire Holdings Limited (OTW) and OTW shareholders | |||
(Scheme), under which all of the fully paid ordinary shares in OTW (OTW Shares) will be transferred to ABB. No ABB | ||||
shareholder approval is required in | ||||
connection with the proposed issue of the new ABB Shares. OTW shareholders approved the Scheme on 24 February | ||||
2022. | ||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |
Court approval | 3/3/2022 | actual? | received/condition met? | |
Actual | ||||
Yes | ||||
Comments | ||||
Court approval of the Scheme was obtained on 3 March 2022. | ||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |
Lodgement of court order | 4/3/2022 | actual? | received/condition met? | |
Estimated | ||||
with +ASIC | No | |||
Comments | ||||
Lodgement with ASIC of the Court order is expected to occur on Friday, 4 March 2022. | ||||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval | |
Other (please specify in | 3/3/2022 | actual? | received/condition met? | |
Forcomment section) | Actual | Yes |
Comments
Various other conditions precedent to the Scheme, all of which have now been satisfied or waived (other than lodgement of the Court order with ASIC as noted above)
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
Part 7B - Issue details
only
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)?
Existing class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued | ||
use | ASX +security code and description | |
ABB : ORDINARY FULLY PAID | ||
Number of +securities proposed to be issued | ||
personal | 14,725,010 | |
Offer price details | ||
Are the +securities proposed to be issued being issued for a cash | ||
consideration? | ||
No | ||
Please describe the consideration being provided for the +securities | ||
The new ABB shares are to be issued as partial consideration for the acquisition of OTW pursuant to the Scheme. | ||
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities | ||
73,625,050.000000 | ||
Will these +securities rank equally in all respects from their issue date with | ||
the existing issued +securities in that class? | ||
Yes | ||
For |
Part 7C - Timetable
7C.1 Proposed +issue date 15/3/2022
Proposed issue of securities | 4 / 6 |
Proposed issue of securities | |||||
Part 7D - Listing Rule requirements | |||||
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? | |||||
No | |||||
only | 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% | ||||
placement capacity under listing rule 7.1? | |||||
No | |||||
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's | |||||
additional 10% placement capacity under listing rule 7.1A (if applicable)? | |||||
No | |||||
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? | |||||
use | |||||
Yes | |||||
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? | |||||
No | |||||
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? | |||||
No | |||||
P rt 7E - Fees and expenses | |||||
personal | 7E.1 Will there be a lead manager or broker to the proposed issue? | ||||
No | |||||
7E.2 Is the proposed issue to be underwritten? | |||||
No | |||||
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue | |||||
Fees and costs incurred by ABB in connection with the Scheme include financial and legal adviser fees and | |||||
share registry fees | |||||
Part 7F - Further Information | |||||
For | 7F.01 The purpose(s) for which the entity is issuing the securities | ||||
The purpose for which the new ABB shares are to be issued is to partially pay for the scheme consideration for the | |||||
acquisition of OTW via a scheme of arrangement, as described in the response to 7B above. | |||||
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
Proposed issue of securities | 5 / 6 |
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Aussie Broadband Ltd. published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 02:59:02 UTC.