Paragon Care : Update - Application for quotation of securities - PGC

For personal use only

Entity name

PARAGON CARE LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

Friday February 18, 2022

Reason for the update

The issue of shares are being issued under Listing Rule 7.1 not Listing Rule 7.1A

Refer to next page for full details of the announcement

For personal use only

1.1 Name of entity

PARAGON CARE LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

The issue of shares are being issued under Listing Rule 7.1 not Listing Rule 7.1A

1.4b Date of previous announcement to this update

18/2/2022

1.5 Date of this announcement

18/2/2022

For personal use only

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Fully Paid Ordinary shares issued as payment for services provided during the merger between Paragon Care Limited and Quantum Health Group Limited.

2.4 Any on-sale of the +securities to be quoted 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)

For personal

Number of +securities to be quoted

6,793,785

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Shares issued in lieu of cash fees for the merger of Paragon Care Limited and Quantum Health Group Limited.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.288000

Any other information the entity wishes to provide about the +securities to be quoted

The purpose(s) for which the entity is issuing the securities

To pay for services rendered

Please provide additional details

Payment for services provided during the merger of Paragon Care Limited and Quantum Health Group Limited.

For personal use only

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)