PROBIOTEC LIMITED Proposed issue of securities
Announcement Summary
Entity name
PROBIOTEC LIMITED
Announcement Type
New announcement
Date of this announcement
Tuesday October 27, 2020
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 |
n/a | Share Options issued under Probiotec Limited's (Company) | 3,360,000 |
Executive Option Plan | ||
Proposed +issue date | ||
Tuesday October 27, 2020 |
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
1.1 Name of +Entity
PROBIOTEC 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.
1.2 | Registered Number Type | Registration Number |
ABN | 91075170151 | |
1.3 | ASX issuer code | |
PBP |
- The announcement is New announcement
- Date of this announcement
Tuesday October 27, 2020
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
Part 7A - Conditions
7A.1 - Are any of the following approvals required for the placement or other type of issue?
+Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity
Yes
7A.1a Conditions | |||
Approval/Condition | Date for determination | Is the date estimated or | ** Approval |
+Security holder approval | Tuesday October 27, 2020 | actual? | received/condition met? |
Actual | |||
Yes | |||
Comments | |||
Part 7B - Issue details
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)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
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
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
+Security description
New class-code to be confirmed | Share Options issued under Probiotec Limited's (Company) Executive Option | |
Plan | ||
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Proposed issue of securities
+Security type
Options
Number of +securities proposed to be issued
3,360,000
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
Issued as part of the respective employees' approved remuneration package
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
No
If some of the issued +securities do not rank equally
Is the actual date from which the +securities will rank equally (non-ranking end date) known?
No
Provide the estimated non-ranking end period
Upon exercise, fully paid ordinary shares would be issued
Please state the extent to which the +securities do not rank equally:
In relation to the next dividend, distribution or interest payment; or
For any other reason
As per the Company Executive Option Plan, the Options do not participate in dividends and confer no voting rights until exercised.
Options details | ||
+Security currency | Exercise price | Expiry date |
AUD - Australian Dollar | AUD | Thursday October 26, 2023 |
Details of the type of +security that will be issued if the option is exercised
PBP : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
3,360,000
The Options have an exercise price being the 10 day VWAP up to and including 27 October 2020
Proposed issue of securities | 4 / 6 |
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Probiotec Limited published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 01:54:06 UTC
