Synertec : Proposed issue of securities - SOP

About this update from Synertec Corporation Limited

Proposed issue of securities Announcement Summary For personal use only Entity name SYNERTEC CORPORATION LIMITED Announcement Type New announcement Date of this announcement 16/11/2021 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 New class-code to be Unlisted Options 8,695,652 confirmed New class-code to be Unlisted Options 4,347,826 confirmed Proposed +issue date 23/12/2021 Refer to next page for full details of the announcement Proposed issue of securities 1 / 7 Proposed issue of securities Part 1 - Entity and announcement details For personal use only 1.1 Name of +Entity SYNERTEC 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 161803032 1.3 ASX issuer code SOP The announcement is New announcement Date of this announcement 16/11/2021 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2 / 7 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 16/12/2021 actual? received/condition met? Actual Comments The 13,043,478 unlisted options are subject to shareholder approval at the Company's 2021 Annual General Meeting personal scheduled for 16 December 2021. Part 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) SOP 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 Unlisted Options Proposed issue of securities 3 / 7 Proposed issue of securities +Security type Options Number of +securities proposed to be issued 8,695,652 only 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 Director Options: use Subject to shareholder approval in accordance with Resolutions 7-10 of the Company's 2021 Notice of Annual General Meeting ('NOM'), the Company will grant a total of 13,043,478 unlisted Options to Directors on the terms and conditions set out in the Explanatory Statement and Appendix 3 of the NOM. Of the total Director Options, 8,695,652 will have a strike price of $0.023, and 4,347,826 will have a strike price of $0.00, and all will have a 1-year expiry period from the date of issue. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities personal 452,173.000000 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.0230 23/12/2022 Details of the type of +security that will be issued if the option is exercised SOP : ORDINARY FULLY PAID For Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:SOP) for every option exercised. 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. See separate announcement titled 'Notice of Synertec's 2021 Annual General Meeting' released 16 November 2021. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02452903-3A581234?access_token=83 ff96335c2d45a094df02a206a39ff4 Is the proposed security a 'New Will the proposed issue of this Proposed issue of securities 4 / 7 Proposed issue of securities 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 only Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) SOP 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 use +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Unlisted Options +Security type Options personal Number of +securities proposed to be issued 4,347,826 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 Director Options: Subject to shareholder approval in accordance with Resolutions 7-10 of the Company's 2021 Notice of Annual General Meeting ('NOM'), the Company will grant a total of 13,043,478 unlisted Options to Directors on the terms and conditions set out in the Explanatory Statement and Appendix 3 of the NOM. Of the total Director Options, 8,695,652 will have a strike price of $0.023, and 4,347,826 will have a strike price of $0.00, and all will have a 1-year expiry period from the date of issue. For Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 326,087.000000 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Proposed issue of securities 5 / 7 This is an excerpt of the original content. To continue reading it, access the original document here .

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