T 000001 000 AHZ
MR SAM SAMPLE FLAT 123
123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030
19March2015
DeaSr hareholder
NOTICETOELIGIBLESHAREHOL DERSOFENTITLEMENTOFFER
Wewritetoyouastheregisteredholdeorsf haresinAdmedusLtd( Admedus or Companya) s attoday'sdate.
Asannouncedon18March2015t,heCompanyisundertakinganon-renounceablepro-rata
entitlemenot ffeor nthebasiso1fnewshare( NewShare
f)oer very7sharesheldaat nissue
priceo$f 0.07perNewShare( EntitlementOffer )toraiseupto$16,141,138(beforecosts).
TheEntitlemenOt ffewr ilbl epursuanttoanoffedr ocumen(t
OffeDr ocument ).
TheEntitlemenOt ffewr ilnl obt eunderwritten.
TheEntitlemenOt ffeirsavailabletoAdmedusshareholders( Shareholdersr)egisteredonthe recorddateof7.00pm(AWST)on26March2015whoseregisteredaddressisinAustralia orNewZealand,aswellascertainprofessionaland/orsophisticatedShareholderswhose registeredaddressisinBelgium,Denmark,Germany,Luxembourg,theNetherlands,the UnitedKingdomH, ongKongoSr ingapore( EligibleShareholders ).
PurposeotfheEntitlemenOt ffer
CompletionotfheissueotfheNewSharesofferedbytheOffeDr ocumenat ndPlacemenwt ill resulitnanincreaseinthecashonhandouf p toapproximately$28M(beforethepaymenot f associatedcosts).
Samples/000001/000001
ThefundsraisedfromtheOffear ndPlacement areproposedtobeexpendedasfollows:
Description | Approximate$ |
Ongoingsalesteambuildandsupport | $9M |
CardioCecl®ardiovasculaer xpansionstudies | $3M |
Expansionorfegenerativetissueportfolio | $3.5M |
Additionarlegulat oryfilings | $1M |
Tissuemanufacturingscaleup andprocessdevelopment | $2M |
HPVPhaseI/IpI reparation andstudyplusmanufacturing 1 | $3.5M |
AdditionailmmunotherapyR&D 1 | $2M |
Providefurthewr orkingcapital | $2.5M |
CosottfheOffer | $1.5M |
TotaflundsraisedundetrheOffer | $ 28M |
F1 urtheirnvestmenitntothetherapeuticvaccines
IndicativeTimetable
TheindicativetimetablefotrheEntitlemenOt ffeirsasfollows:
Event Date
AnnouncemenotOf ffear ndPlacem ent
LodgemenotAf ppendix3BandCleansingSt atement
Dispatchnoticeorfightsiss uetoshareholdersandoptionholde rs
Wednesday1, 8March2015
Wednesday1, 8March2015
Thursday1, 9March2015
LodgemenotOf ffeDr ocument Friday2, 0March2015
RightsissueExDate
SettlemenotSf haresundetrhe Placement
IssueoSf haresundetrhePlac ement
RecordDate(datefodr eterminingent itlementsoEf ligibleShareholders toparticipateintheOffer)
OffeDr ocumenat ndEntitlement andShortfalFl ormsdispatchedto
EligibleShareholders
Tuesday2, 4March2015
Tuesday2, 4March2015
Wednesday2, 5March2015
Thursday2, 6March2015
Monday3, 0March2015
RightsissueoffeOr peningDate Monday3, 0March2015
Lasdt aytonotifyASXoaf nyextensiontothe RightsissueClosingDate Wednesday8A, pri2l 015
RightsissueClosingDate*
RightsissueSharesquotedonadeferredse ttlemenbt asis CompanytonotifyASXouf ndesrubscripti ons(iaf ny) RightsissueandShortfalSl hares *i*ssued DispatchholdingstatementsfoRr ightsiss ueandShortfalSl hares**
Tuesday1, 4Apri2l 015
Wednesday1, 5Apri2l 015
Thursday1, 6Apri2l 015
Monday2, 0Apri2l 015
Tuesday2, 1Apri2l 015
ThistimetableisindicativeonlyandmaybesubjecttochangeT. heCompanyreservestherightto amendthisindicativetimetableaat nytimes,ubjecttotheCorporationsAcat ndtheListingRules.
S* ubjecttotheListingRulest,heDirectorsreservetherighttoextendtheClosingDatefotrhe Offearttheidr iscretionS. houldthisoccurt,heextensionwilhl aveaconsequentiael ffecot nthe anticipate dateoifssuefotrheNewShares.
*S* hortfalol ffeirsubjecttoEligibleShareholdersnottakingupaloltfheirrightstoNewShares undetrheOffer.
ShortfalOl ffer
IntheeventthattheOffeirsnoftullysubscribedt,hedirectorsreservetherights, ubjecttoany
restrictionsimposedbythe | CorporationsAct2001(Cth) | andListingRules,toissueshortfall |
sharesattheisrolediscretion( | ShortfalOl ffer ). |
TheShortfalOl ffeirsaseparateoffemr
adepursuanttotheOffeDr ocumenat ndmayremain
openaftetrheClosingDateT. heissuepriceotfheshortfalslhareswilbl e$0.07eachb, eingthe samepriceastheNewSharesbeingofferedundetrheOffer.
CapitaSl tructureotfheCompany
Thetablebelowdetailsthecapitasltructureotfhe CompanyoncompletionotfheEntitlemenOt ffer:
BalanceatthedateoOf ffeDr ocumen(ttogethewr ith
Numbeor f
Shares
Numbeor f
Options
(1)
thePlacemenSt hares 1,614,113,791 107,683,401
TobeissuedundetrheEntitlemenOt ffer (2) 230,587,684 Nil
BalanceaftetrheEntitlemenOt ffer 1,844,701,475 107,683,401(1)
(1) The107,683,401Optionsconsisot f:
(i) 4,100,000Optionswithanexercisepriceo$f 0.21andanexpirydateo5Nf ovembe2r 019; (ii) 15,000,000Optionswithanexercisepriceo$f 0.17andanexpirydateo2f 1May2019;
(iii) 2,000,000Optionswithanexercisepriceo$f 0.245andanexpirydateo1Ff ebruary2019; (iv) 3,000,000Optionswithanexercisepriceo$f 0.17andanexpirydateo1Jf uly2018;
(v) 9,000,000Optionswithanexercisepriceo$f 0.27andanexpirydateo1f 6Decembe2r 018;
(vi) 15,050,067Optionswithanexercisepriceo$f 0.095andanexpirydateo1f 8June2018; (vii) 2,000,000Optionswithanexercisepriceo$f 0.06andanexpirydateo1Mf arch2018; (viii) 2,466,667Optionswithanexercisepriceo$f 0.06andanexpirydateo1f 8May2017;
(ix) 3,666,667Optionswithanexercisepriceo$f 0.06andanexpirydateo1f 0July2016a; nd
(x) 51,400,000Optionswithanexercisepriceo$f 0.06andanexpirydateo1f 0July2016.
(2) ThenumbeorNf ewSharestobeissuedundetrheO ffear ssumesthant oOptionsareexercisedbeforethe
RecordDate.
Samples/000001/000002/i12
OffeDr ocument
DetailsotfheEntitlemenOt ffear recontainedintheOffeDr ocumenwt hichwilbl elodgedwith ASXon20March2015.TheOfferDocumentisavailableontheCompany'swebsite, www.admedus.com,andtheASXwebsite.TheOfferDocumentwillbepostedtoEligible Shareholderson30March2015alongwiththeentitlemenat ndacceptanceform.
ThedirectorsencourageyoutoreadtheOffeDr o cumenct arefullyandseekadvicefromyour professionaal dviseriyf ouhave anyqueriesT.hisnoticeistoinformyouotfheEntitlement OffeYr.ouarenortequiredtodoanythinginrespecttothisletter.
Shouldyouhaveanyqueriesinrelationtothe EntitlementOffer,pleasedonothesitateto contacttheCompanyon+61892660100.
Yoursincerely
StephenMann
CompanySecretary
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