Proposed issue of securities

Announcement Summary

orF personal use only

Entity name

PIONEER CREDIT LIMITED

Announcement Type

New announcement

Date of this announcement

9/3/2022

The Proposed issue is:

A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS) A placement or other type of issue

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Maximum Number of

ASX +security code

+Security description

+securities to be issued

New class-code to be

Option exp 31 March 2025 Ex $0.80

29727272

confirmed

PNC

ORDINARY FULLY PAID

9090909

Closing date for receipt of acceptances

29/4/2022

Proposed +issue date

6/5/2022

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

PNC

ORDINARY FULLY PAID

20,636,363

Proposed +issue date

16/3/2022

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 10

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

PIONEER CREDIT 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

44103003505

1.3

ASX issuer code

PNC

  1. The announcement is New announcement
  2. Date of this announcement

9/3/2022

1.6 The Proposed issue is:

A non-+pro rata offer of +securities under a +disclosure document or +PDS

A placement or other type of issue

Proposed issue of securities

2 / 10

Proposed issue of securities

Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS

only

Part 5A - Conditions

5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of

+securities under a +disclosure document or + PDS can proceed on an unconditional basis?

Yes

use

5A.1a Conditions

Approval/Condition

Date for determination

Is the date estimated or

** Approval

+Security holder approval

28/4/2022

actual?

received/condition met?

Estimated

Comments

Shareholder approval will be sought for the approval of up to 9,090,909 shares and 9,090,909 attaching options under a

personal

Shareholder Priority Offer and 20,636,363 attaching options under a Placement to institutional and sophisticated

shareholders at a General Meeting anticipated to be held on 28 April 2022.

Part 5B - Offer details

Is the proposed security a 'New

Will the proposed issue of this

class' (+securities in a class that is

+security include an offer of

not yet quoted or recorded by ASX)

attaching +securities?

or an 'Existing class' (additional

Yes

securities in a class that is already

quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

For

ASX +security code and description

PNC : ORDINARY FULLY PAID

The number of +securities to be offered under the +disclosure document or +PDS

9,090,909

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?

No

Proposed issue of securities

3 / 10

Proposed issue of securities

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?

No

only

Will individual security holders be limited to accepting the offer for a

maximum number or value of +securities (i.e. a maximum acceptance

condition)?

No

Offer price details

Has the offer price been determined?

use

Yes

In what currency will the offer be

What is the offer price per +security?

made?

AUD 0.55000

AUD - Australian Dollar

Oversubscription & Scale back details

Will the entity be entitled to accept over-subscriptions?

No

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

Yes

Describe the scale back arrangements

The Directors may, in their absolute discretion, scale back applications on an equitable basis.

Will these +securities rank equally in all respects from their issue date with

the existing issued +securities in that class?

Yes

personalAttaching +Security

For

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

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)

Proposed issue of securities

4 / 10

Proposed issue of securities

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

Will the entity be seeking quotation of the 'new' class o +securities on ASX?

Yes

ASX +security code

+Security description

only

New class-code to be confirmed

Option exp 31 March 2025 Ex $0.80

+Security type

Options

The number of +securities to be offered under the +disclosure document or +PDS

29,727,272

use

Offer price details

Has the offer price been determined?

Yes

In what currency will the offer be made?

What is the offer price per +security?

AUD - Australian Dollar

AUD 0.00000

personal

Oversubscription & Scale back details

Will the entity be entitled to accept over-subscriptions?

No

Will a scale back be applied if the offer is

over-subscribed?

Yes

Describe the scale back arrangements

The Directors may, in their absolute discretion, scale back applications on an equitable basis.

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Options details

For

+Security currency

AUD - Australian Dollar

Exercise price

Expiry date

AUD 0.8000

31/3/2025

Details of the type of +security that will be issued if the option is exercised

PNC : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

29,727,272

Proposed issue of securities

5 / 10

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Pioneer Credit Limited published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 23:20:08 UTC.