Proposed issue of securities
Announcement Summary
For personal use only
Entity name
ASTRON CORPORATION LIMITED
Announcement Type
New announcement
Date of this announcement
17/3/2022
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 | Convertible Notes | 60,000 |
confirmed |
Proposed +issue date
17/3/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
ASTRON CORPORATION 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 |
ARBN | 154924553 | |
1.3 | ASX issuer code | |
ATR |
- The announcement is New announcement
- Date of this announcement
17/3/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
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? | ||||||||
Actual | |||||||||||
Yes | |||||||||||
Comments | |||||||||||
personal | |||||||||||
P rt 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 | ||||||||||
securities in a class that is already | |||||||||||
quoted or recorded by ASX)? | |||||||||||
New class | |||||||||||
Details of +securities proposed to be issued | |||||||||||
For | 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 | ||||||||||
No | |||||||||||
ASX +security code | +Security description | ||||||||||
New class-code to be confirmed | Convertible Notes | ||||||||||
+Security type | |||||||||||
+Convertible debt securities | |||||||||||
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
Number of +securities proposed to be issued 60,000
Offer price details | ||||
only | Are the +securities proposed to be issued being issued for a cash consideration? | |||
Yes | ||||
In what currency is the cash | What is the issue price per | |||
consideration being paid? | +security? | |||
AUD - Australian Dollar | AUD 100.00000 | |||
use | Will all the +securities issued in this class rank equally in all respects from | |||
their issue date? | ||||
No | ||||
If some of the issued +securities do not rank equally | ||||
Is the actual date from which the +securities will rank equally (non-ranking | ||||
end date) known? | ||||
No | ||||
personal | Provide the estimated non-ranking end period | |||
17 March 2024 | ||||
Please state the extent to which the +securities do not rank equally: | ||||
In relation to the next dividend, distribution or interest payment; or | ||||
For any other reason | ||||
The principal convertible notes are interest bearing and the supplementary convertible notes (issued for payment of the | ||||
interest on the principle notes) are non-interest bearing | ||||
+Convertible debt securities details | ||||
These securities are: | Type of security | |||
Convertible | Convertible note or bond | |||
+Security currency | Face value | |||
For | AUD - Australian Dollar | AUD 100.0000 | ||
Interest rate type | ||||
Fixed rate | ||||
Frequency of coupon/interest | First interest payment date | |||
payments per year | ||||
Annual | ||||
18/3/2022 | ||||
Interest rate per annum | Is the interest rate per annum | |||
10.00000 % | estimated at this time? | |||
No | ||||
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
s128F of the Income Tax Assessment Act status applicable to the +security
s128F exemption status unknown
only | Is the +security perpetual (ie. no | Maturity date | |||||
maturity date)? | 17/3/2024 | ||||||
or put can be exercised (whichever is | |||||||
No | |||||||
Select other features applicable to | |||||||
the +security | |||||||
Redeemable | |||||||
Secured | |||||||
Is there a first trigger date on which a | |||||||
right of conversion, redemption, call | |||||||
use | first)? | ||||||
No | |||||||
Details of the type of +security that will be issued if the securities are converted, transformed or | |||||||
exchanged | |||||||
ATR : CHESS DEPOSITARY INTERESTS 1:1 | |||||||
Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if | |||||||
personal | applicable, any interest) | ||||||
11,111,111 | |||||||
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. | |||||||
Part 7C - Timetable | |||||||
7C.1 Proposed +issue date | |||||||
For | 17/3/2022 | ||||||
Pa t 7D - Listing Rule requirements | |||||||
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 7/3/2022
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
Proposed issue of securities | 5 / 6 |
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