Proposed issue of securities

Update Summary

For personal use only

Entity name

EDU HOLDINGS LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

2/6/2022

Reason for update to a previous announcement

Appendix 3B lodged earlier had an incorrect closing date for the offer and incorrect issue date for the associated shares.

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

EDU HOLDINGS 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

ACN

108962152

1.3

ASX issuer code

EDU

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Appendix 3B lodged earlier had an incorrect closing date for the offer and incorrect issue date for the associated shares.

1.4b Date of previous announcement to this update

2/6/2022

1.5 Date of this announcement

2/6/2022

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

Proposed issue of securities

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Proposed issue of securities

Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

For personal use only

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?

No

Proposed issue of securities

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Proposed issue of securities

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

only

ASX +security code and description

EDU : ORDINARY FULLY PAID

Will the proposed issue of this

+security include an offer of

attaching +securities?

use

No

D tails of +securities proposed to be issued

ASX +security code and description

EDU : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued

if all offers under the +securities purchase plan are accepted

personal

3,846,154

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 the offer be conditional on applications for a maximum

number of +securities being received or a maximum amount

being raised (i.e. a maximum subscription condition)?

Yes

Describe the maximum subscription condition

The share purchase plan is capped at $500,000

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

For

Is the minimum acceptance unit based or dollar based?

Dollar based ($)

Please enter the minimum acceptance value

$ 1,000

Will individual security holders be limited to accepting the offer

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

acceptance condition)?

Yes

Is the maximum acceptance unit based or dollar based?

Dollar based ($)

Proposed issue of securities

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Proposed issue of securities

Please enter the maximum acceptance value $ 30,000

Describe all the applicable parcels available for this offer in number of securities or dollar value

$30,000 (maximum)

only

$25,000

$20,000

$15,000

$10,000

$5,000

$2,000

$1,000 (minimum)

Offer price details

use

Has the offer price been determined?

Yes

In what currency will the offer

What is the offer price per

be made?

+security?

AUD - Australian Dollar

AUD 0.13000

personal

Oversubscription & Scale back details

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

Yes

Describe the scale back arrangements

On a pro rata basis having regard to the number of SPP Shares applied for by an Eligible Shareholder

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

+securities in that class?

Yes

Part 4C - Timetable

For

4C.1 Date of announcement of +security purchase plan

2/6/2022

4C.2 +Record date

1/6/2022

4C.3 Date on which offer documents will be made available to investors

9/6/2022

4C.4 Offer open date

9/6/2022

Proposed issue of securities

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EDU Holdings Ltd. published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 05:51:01 UTC.