ECP Emerging Growth : Proposed issue of securities - ECP

For personal use only

Entity name

ECP EMERGING GROWTH LIMITED

Announcement Type

New announcement

Date of this announcement

4/3/2022

The Proposed issue is:

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

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)

Closing date for receipt of acceptances

1/4/2022

Proposed +issue date

11/4/2022

Refer to next page for full details of the announcement

For personal use only

1.1 Name of +Entity

ECP EMERGING GROWTH 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. The announcement is New announcement
2. Date of this announcement

4/3/2022

1.6 The Proposed issue is:

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

use only

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

8,741,259

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

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

Yes

Is the minimum acceptance unit based or dollar based?

Unit based

Please enter the minimum acceptance value

1,399

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

personal

Offer price details

Has the offer price been determined? Yes

In what currency will the offer be made?

AUD - Australian Dollar

Oversubscription & Scale back details

What is the offer price per +security?

AUD 1.43000

For

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

ECP will seek to provide Applicants under the Priority Offer with an allocation of at least 1,399 ECP Notes on a reasonable endeavours basis. ECP does not guarantee any minimum allocation and the extent of any allocation will ultimately depend on the number of Applicants under the Priority Offer and total level of Applications under the Offer. Allocations to brokers and institutional investors under the Broker Firm Offer will be determined by ECP, in agreement with the Lead Manager.

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

Yes

only

personal use

Quarterly

Interest rate per annum

5.50000 %

s128F of the Income Tax Assessment Act status applicable to the +security

s128F exempt

Is the +security perpetual (ie. no maturity date)?

No

Select other features applicable to the +security

Redeemable

Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)?

Yes

30/6/2022

Is the interest rate per annum estimated at this time?

No

Maturity date

11/4/2027

If yes, what is the first trigger date

11/4/2024

For

Details of the type of +security that will be issued if the securities are converted, transformed or exchanged

ECP : ORDINARY FULLY PAID

Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if applicable, any interest)

Each Note converts into a number of shares determined by dividing the Conversion Amount (the Face Value of the note plus accrued but unpaid interest) by the Conversion Price ($1.43)

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

www.ecpam.com/emerging/notes-offer/