Proposed issue of securities
Announcement Summary
Entity name
PROMINENCE ENERGY NL
Announcement Type
New announcement
Date of this announcement
Friday January 15, 2021
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 |
PRMOB | OPTION EXPIRING 01-SEP-2023 | 5,000,000 |
PRM | ORDINARY FULLY PAID | 114,285,714 |
Proposed +issue date
Friday January 22, 2021
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
1.1 Name of +Entity
PROMINENCE ENERGY NL
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.
1.2 | Registered Number Type | Registration Number |
ABN | 69009196810 | |
1.3 | ASX issuer code | |
PRM |
- The announcement is New announcement
- Date of this announcement
Friday January 15, 2021
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
Part 7A - Conditions
7A.1 - Are any of the following approvals required for the placement or other type of issue?
+Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity
No
Part 7B - Issue details
Is the proposed 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
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ASX +security code and description
PRM : ORDINARY FULLY PAID
Number of +securities proposed to be issued
114,285,714
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 0.00700
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
Is the proposed 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
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ASX +security code and description
PRMOB : OPTION EXPIRING 01-SEP-2023
Number of +securities proposed to be issued
5,000,000
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
In lieu of Lead Manager fees (part)
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
20,000.000000
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Part 7C | - Timetable | ||
7C.1 Proposed +issue date | |||
Friday January 22, 2021 | |||
Part 7D | - Listing Rule requirements | ||
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No
7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
Yes
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?
65,478,507 PRM
5,000,000 PRMOB
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?
Yes
7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?
48,807,207 PRM
7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate
Timeliness and certainty
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue? Yes
7E.1a Who is the lead manager/broker?
GTT Ventures Pty Ltd
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
6% Fee plus 5,000,000 PRMOB
7E.2 Is the proposed issue to be underwritten? No
Proposed issue of securities | 5 / 6 |
Proposed issue of securities
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
Working Capital
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No
7F.2 Any other information the entity wishes to provide about the proposed issue
Proposed issue of securities | 6 / 6 |