QUICKSTEP HOLDINGS LIMITED Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity
Quickstep Holdings Limited (Quickstep)
ABN
55 096 268 156
We (the entity) give ASX the following information.
You must complete the relevant sections (attach sheets if there is not enough space).
Fully paid ordinary shares in the capital of Quickstep (Ordinary Shares).
1 +Class of +securities issued or to be issued
33,333,333 Ordinary Shares pursuant to a placement to a strategic investor announced on 27 October 2015 (Placement).
Number of +securities issued or to be issued (if known) or maximum number which may be issued
The same as the terms of existing Ordinary Shares.
Principal terms of the
+securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if
+convertible securities, the conversion price and dates for conversion)
Yes.
Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
If the additional +securities do not rank equally, please state:
the date from which they do
the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
$0.15 per Ordinary Share.
Issue price or consideration
The Ordinary Shares are being issued pursuant to the Placement to raise a total of
$5 million before costs. In addition, a fully underwritten 1 for 3.3 Entitlement Offer was announced on 27 October 2015 and will raise a further approximately $17 million before costs (subject to rounding of entitlements) (Entitlement Offer).
The purpose of the Placement and Entitlement Offer is to:
fund capital expenditure associated with the forward C‐130J and JSF sales pipeline;
strengthen Quickstep's balance sheet by reducing short term debt by $5 million;
enable Quickstep's technology development program to be accelerated;
fund the set‐up of Quickstep's new Research & Development facility at Waurn Ponds; and
continue to commercialise the application of Quickstep's existing technologies in the Quickstep Automotive and Quickstep Aerospace divisions.
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Yes.
6aIs the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i
20 November 2014.
6b The date the security holder resolution under rule 7.1A was passed
Nil
6c Number of +securities issued without security holder approval under rule 7.1
33,333,333.
6d Number of +securities issued with security holder approval under rule 7.1A
Nil.
6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
Nil.
6f Number of +securities issued under an exception in rule 7.2
Yes.
Issue price ‐ $0.15
15 day VWAP as at date price agreed (27 October 2015) - $0.194 (calculated up to and including 23 October 2015, the trading day before Quickstep went into trading halt while it conducted the Placement).
Issue date - 2 November 2015 (within 5 trading days of setting the price).
VWAP calculated by Quickstep based on IRESS data.
6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the
+issue date and both values. Include the source of the VWAP calculation.
Not applicable.
6h If +securities were issued under rule 7.1A for non‐cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
Rule 7.1 ‐ 34,202,663 Rule 7.1A ‐ 6,412,420
6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
2 November 2015.
7 +Issue dates
Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.
Cross reference: item 33 of Appendix 3B.
Number | +Class |
431,206,834 (includes 33,333,333 Ordinary Shares to be issued pursuant to the Placement but excludes any Ordinary Shares to be issued pursuant to the Entitlement Offer). | Ordinary Shares |
Number and +class of all
+securities quoted on ASX (including the +securities in section 2 if applicable)
Number
+Class
1,091,144
Employee options
exercisable at $0.00
each on or before
30 March 2017
471,337
Employee options
exercisable at $0.00
each on or before
25 November 2017
706,373
Employee options
exercisable at $0.00
each on or before
25 November 2018
25,000,000
Options exercisable
at no greater than
$0.1625 each on or
before
31 December 2018
Number and +class of all
+securities not quoted on ASX (including the +securities in section 2 if applicable)
Not applicable.
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
|
distributed by
|
