Proposed issue of securities

Announcement Summary

For personal use only

Entity name

I SYNERGY GROUP LIMITED

Announcement Type

New announcement

Date of this announcement

27/1/2022

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

Maximum Number of

ASX +security code

+Security description

+securities to be issued

New class-code to be

Unlisted Options

55,000,000

confirmed

New class-code to be

Free attaching options

27,555,838

confirmed

IS3

ORDINARY FULLY PAID

84,755,838

Proposed +issue date

9/3/2022

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 9

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

I SYNERGY GROUP 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

613927361

1.3

ASX issuer code

IS3

1.4 The announcement is

New announcement

1.5

Date of this announcement

27/1/2022

1.6

The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 9

Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other

type of issue can proceed on an unconditional basis?

Yes

use

7A.1a Conditions

Approval/Condition

Date for determination

Is the date estimated or

** Approval

+Security holder approval

7/3/2022

actual?

received/condition met?

Estimated

Comments

The Company will hold a General Meeting of Shareholders on or around 7 March 2022. At this Meeting, the Company will

be seeking approval on the following matters in relation to the Postech Acquisition and Placement as announced on 26

January 2022:

  • Issue of 55,000,000 Consideration Shares to the Shareholders of POSTech
  • Issue of 55,000,000 Consideration Unlisted Options to the Shareholders of POSTech
  • Issue of 27,555,838 Placement Shares to Sophisticated Investors
  • Issue of 27,555,838 Free-attaching Unlisted Options to Sophisticated Investors
  • Issue of 2,200,000 Advisor Shares to the Company's corporate advisor, Ventnor Capital (or its nominees)

personal

Part 7B - Issue details

Is the proposed security a 'New

Will the proposed issue of this

class' (+securities in a class that is

+security include an offer of

not yet quoted or recorded by ASX)

attaching +securities?

or an 'Existing class' (additional

No

For

securities in a class that is already

quoted or recorded by ASX)?

Existing class

Details of +securities proposed to be issued

ASX +security code and description

IS3 : ORDINARY FULLY PAID

Number of +securities proposed to be issued 55,000,000

Proposed issue of securities

3 / 9

Proposed issue of securities

use only

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

The Shares (noted as Consideration Shares in the Acquisition announcement dated 27 January 2022) are being issued to the Shareholders of POSTech as consideration for the Proposed Acquisition of POSTech by the Company. The Shares are being issued at a deemed issue price of $0.036 per Share. The issue of these Shares is subject to Shareholder approval.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

1,980,000.000000

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

Yes

personal

Is the proposed security a 'New

Will the proposed issue of this

class' (+securities in a class that is

+security include an offer of

not yet quoted or recorded by ASX)

attaching +securities?

or an 'Existing class' (additional

No

securities in a class that is already

quoted or recorded by ASX)?

New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from

Will the entity be seeking quotation

ASX that the terms of the proposed

of the 'new' class of +securities on

+securities are appropriate and

ASX?

equitable under listing rule 6.1?

No

For

No

ASX +security code

+Security description

New class-code to be confirmed

Unlisted Options

+Security type

Options

Number of +securities proposed to be issued

55,000,000

Offer price details

Proposed issue of securities

4 / 9

Proposed issue of securities

Are the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

only

The Options (noted as Consideration Options in the Acquisition announcement dated 27 January 2022) are being issued

to the Shareholders of POSTech as consideration for the Proposed Acquisition of POSTech by the Company. The

Options are subject to Shareholder Approval.

Please provide an estimate of the AUD equivalent of the consideration being

provided for the +securities

Will all the +securities issued in this class rank equally in all respects from

their issue date?

use

Yes

Options details

personal

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.0500

9/3/2024

Details of the type of +security that will be issued if the option is exercised

IS3 : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

1 fully paid ordinary share issue for every 1 unlisted option exercised.

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.

Refer to the POSTech Acquisition and Placement announcement dated 27 January 2022. A notice of EGM will also be

lodged setting out the material terms of the securities. The issue of these Securities is subject to Shareholder approval.

For

Is the proposed security a 'New

Will the proposed issue of this

class' (+securities in a class that is

+security include an offer of

not yet quoted or recorded by ASX)

attaching +securities?

or an 'Existing class' (additional

Yes

securities in a class that is already

quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +security code and description

IS3 : ORDINARY FULLY PAID

Proposed issue of securities

5 / 9

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iSynergy Group Ltd published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 00:08:12 UTC.