Appendix 3B - Proposed issue of securities
Update Summary
Entity name
INVICTUS ENERGY LTD
Announcement Type
Update to previous announcement
Date of this announcement
13/3/2024
Reason for update to a previous announcement
Proposed issue date of securities changed to 14 March 2024
Refer to next page for full details of the announcement
Appendix 3B - Proposed issue of securities | 1 / 7 |
Appendix 3B - Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
INVICTUS ENERGY LTD
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 |
ABN | 21150956773 | |
1.3 | ASX issuer code | |
IVZ |
1.4 The announcement is Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Proposed issue date of securities changed to 14 March 2024
1.4b Date of previous announcement to this update
14/2/2024
1.5 Date of this announcement
13/3/2024
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is: + Non-renounceable
Appendix 3B - Proposed issue of securities | 2 / 7 |
Appendix 3B - Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
Part 3A - Conditions
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?
No
Part 3B - Offer details
+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued
ASX +security code and description
IVZ : ORDINARY FULLY PAID
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
If the entity has quoted company options, do the terms entitle option holders to participate on exercise? Yes
ASX +security code and description
IVZ : ORDINARY FULLY PAID
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them)
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities to be issued
For a given quantity of +securities held
1 | 12 |
Appendix 3B - Proposed issue of securities | 3 / 7 |
Appendix 3B - Proposed issue of securities
What will be done with fractional entitlements?
Fractions rounded up to the next whole number
Maximum number of +securities proposed to be issued (subject to rounding)
117,204,164
Offer price details for retail security holders
In what currency will the offer be made?
AUD - Australian Dollar
What is the offer price per +security for the retail offer?
AUD 0.13000
Oversubscription & Scale back details
Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?
Yes
Describe the limits on over-subscription
shareholders given right to apply for any shortfall with no limit
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
pro-rata basis upon the short fall applied for
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Attaching +Security
Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?
Existing class
Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ASX +security code and description
IVZOA : OPTION EXPIRING 07-JUN-2026
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them)
Appendix 3B - Proposed issue of securities | 4 / 7 |
Appendix 3B - Proposed issue of securities
Offer ratio (ratio of attaching securities at which the new +securities will be issued)
The quantity of attaching +securities to be issued | For a given quantity of the new +securities issued |
1 | 2 |
What will be done with fractional entitlements?
Fractions rounded up to the next whole number
Offer price details for retail security holders
Maximum number of +securities proposed to be issued (subject to rounding)
58,602,082
In what currency will the offer be made? | What is the offer price per +security for the retail offer? |
AUD 0.00000
AUD - Australian Dollar
Oversubscription & Scale back details
Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?Yes
Describe the limits on over-subscription
shareholders given right to apply for any shortfall with no limit
Will a scale back be applied if the offer is over-subscribed?
Yes
Describe the scale back arrangements
pro-rata basis upon the short fall applied for
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Details of company options where holders entitled to participate in the offer
ASX +security code and description
IVZOA : OPTION EXPIRING 07-JUN-2026
Date Option must be exercised by
7/6/2026
Part 3C - Timetable
3C.1 +Record date
30/1/2024
Appendix 3B - Proposed issue of securities | 5 / 7 |
Appendix 3B - Proposed issue of securities
3C.2 Ex date
29/1/2024
3C.4 Record date
30/1/2024
3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue
2/2/2024
3C.6 Offer closing date
6/3/2024
3C.7 Last day to extend the offer closing date
1/3/2024
3C.9 Trading in new +securities commences on a deferred settlement basis
7/3/2024
3C.11 +Issue date and last day for entity to announce results of +pro rata issue
14/3/2024
3C.12 Date trading starts on a normal T+2 basis
15/3/2024
3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis
19/3/2024
Part 3E - Fees and expenses
3E.1 Will there be a lead manager or broker to the proposed offer? No
3E.2 Is the proposed offer to be underwritten? No
3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
No
3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer
Part 3F - Further Information
3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue
Exploration & Development of Cabora Bassa Basin asset & general working capital
Appendix 3B - Proposed issue of securities | 6 / 7 |
Appendix 3B - Proposed issue of securities
3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue?
No
3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No
3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue
Austria, Botswana, China, Gibraltar, Israel, Japan, Seychelles, South Africa, Switzerland,
Thailand, United States & Zimbabwe
3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities
Yes
3F.5a Please provide further details of the offer to eligible beneficiaries
Beneficiaries will only be participate if their interest in the company is based from an eligible country
3F.6 URL on the entity's website where investors can download information about the proposed issu
Below URL will go 'live' approaching the record date
https://www.invictusenergy.com/investors/prospectus/
shareholders will also be directed to the Company's registry for application process, this function will go 'live' post the record date
3F.7 Any other information the entity wishes to provide about the proposed issue
3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)?
Yes
3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)
Appendix 3B - Proposed issue of securities | 7 / 7 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Invictus Energy Limited published this content on 13 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2024 05:55:00 UTC.