HIGHCOM LIMITED XTEK Limited (ASX: XTE) ("XTEK" or "Company") hereby provides notice to the ASX for the purposes of ASX Listing Rule 3.10.5A and ASX Listing Rule 7.1A.4(B) that on 3 July 2017 it issued 6,228,261 fully paid ordinary shares in the Company, of which 1,807,397 ordinary shares were issued in accordance with ASX Listing Rule 7.1A ("ASX LR 7.1A Placement").
The issue price for the ordinary shares that were issued in accordance with ASX Listing Rule 7.1A is $0.46 per share, with a total of A$831,402 in funds raised before costs.
Pursuant to the provisions of ASX Listing Rule 3.10.5A in which the issue of 1,807,397 ordinary shares were made under ASX Listing Rule 7.1A, the Company states that:
The ASX LR 7.1A Placement of 1,807,397 ordinary shares represented 5.06% of the expanded ordinary shares on issue of the Company, resulting in a dilution to the existing holders of ordinary securities by that amount;
The Company considered the ASX LR 7.1A Placement as the most efficient and expedient method for raising the funds required by the Company for its working capital purposes;
Applications for the 1,807,397 ordinary shares issued under ASX LR 7.1A were made via a broker. A brokers' fee of 5% of the amount raised by the broker was payable, exclusive of GST; and
The 7.1A Placement was not underwritten.
A statement specifying the 20 largest holders of ordinary shares and the percentage of ordinary shares held by each after completion of the Placement is set out overleaf.
About XTEK Limited
XTEK Limited is a leading company in the Australian Homeland Security Market. XTEK's knowledge and expertise is focused on the delivery of protection and sustainment solutions for the government, law enforcement, military and commercial sectors.
The supply and maintenance of Small Unmanned Aerial Systems (SUAS) is becoming a major focus for XTEK.
In addition, XTEK has developed a range of new technologies which it is now commercialising for the international market. XTclaveTM composite protection products and XTatlasTM real time contextual video provide novel and valuable solutions for western military and homeland defence forces.
For more information visit the XTEK website at www.xtek.net
Signed for and on behalf of XTEK Limited:
Lawrence Gardiner Media enquiries:
Company Secretary Harrison Polites
3 July 2017 E: harrison.polites@mcpartners.com.au
M: 0409 623 618
TOP 20 HOLDERS OF ORDINARY SHARES AS AT 3 JULY 2017
Shareholder | Number of Shares | Percentage of Total Shares | Ranking |
UDB Pty Limited (The Boettcher Family A/C) | 3,861,935 | 10.82% | 1 |
Wendy Wing Lin Lo | 2,500,000 | 7.00% | 2 |
Fairlane Management Pty Ltd | 2,096,097 | 5.87% | 3 |
UDB Pty Limited (Boettcher Super Fund Account) | 1,203,943 | 3.37% | 4 |
Bissapp Software Pty Ltd (Super Fund Account) | 1,009,500 | 2.83% | 5 |
Nicholas Henry Weber (Majura Family A/C) | 675,804 | 1.89% | 6 |
Mr. Ivan Slavich | 606,998 | 1.70% | 7 |
DWKSJK Pty Ltd (Seaweed Investment A/C) | 603,090 | 1.69% | 8 |
Anwat Marketing Pty Ltd | 558,807 | 1.57% | 9 |
Chimaera Pty Ltd (Chimaera Super Fund) Pty Ltd | 500,000 | 1.40% | 10 |
Atech Group Pty Ltd (Atech Group Super Fund A/C) | 360,000 | 1.01% | 11 |
OR Super Pty Ltd (OR Systems Super Fund A/C) | 358,238 | 1.00% | 12 |
Hoff Company No3 Pty Ltd (Berend Hoff Super Fund A/C) | 357,250 | 1.00% | 13 |
Bond Street Custodians Ltd (DVM - V16007A/C) | 352,180 | 0.99% | 14 |
APAM Holdings Pty Ltd (Hector Super Fund A/C) | 351,424 | 0.98% | 15 |
Mr. Allen John Tapp & Mrs. Robyn Kosmider (Cope Super Fund A/C) | 350,000 | 0.98% | 16 |
Pershing Australia Nominees Pty Ltd (Accum A/C) | 348,462 | 0.98% | 17 |
David & Sarah Peachey (The Peachey SBF A/C) | 312,594 | 0.88% | 18 |
A&R Investments (ACT) Pty Ltd (A&R Unit A/C) | 300,000 | 0.84% | 19 |
Poh Chuan Tan | 280,180 | 0.78% | 20 |
TOTALS | 16,714,188 | 47.58% |
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
New issue announcement, application for quotation of additional securities and agreementInformation 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 |
XTEK Limited (XTE) |
ABN |
90 103 629 107 |
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enough space).
1 | +Class of +securities issued or to be issued | Ordinary Shares (fully paid) |
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued | 6,228,261 |
3 | 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) | Issued Fully Paid |
+ See chapter 19 for defined terms.
04/03/2013 Appendix 3B Page 1
Appendix 3B New issue announcement4 | 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:
| Yes |
5 | Issue price or consideration | $0.46 per share |
6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) | For commercialisation of XTatlasTM technology, to continue development and commercialisation of XTclaveTM and to supplement working capital. |
6a | Is 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 | Yes |
6b | The date the security holder resolution under rule 7.1A was passed | 25 November 2016 |
6c | Number of +securities issued without security holder approval under rule 7.1 | 4,420,864 Fully Paid Ordinary Shares |
6d | Number of +securities issued with security holder approval under rule 7.1A | 1,807,397 Fully Paid Ordinary Shares |
+ See chapter 19 for defined terms.
Appendix 3B Page 2 04/03/2013
Xtek Limited published this content on 03 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 July 2017 04:32:03 UTC.
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