Astron LimitedASX: ATR

Proposed issue of securities - ATR

· Issued by Astron Limited

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

  1. The announcement is New announcement
  2. 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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