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.