Consolidation/Split - WSI

Notification of Consolidation/SplitAnnouncement Summary

Entity name

For personal use only

WESTSTAR INDUSTRIAL LIMITED

Applicable security for the reorganisation

WSI

WSIAA

WSIAI

WSIAK

WSIAJ

Announcement Type New Announcement

Date of this announcement 6/4/2022

Reorganisation type Security consolidationORDINARY FULLY PAIDOPTION EXPIRING 29-NOV-2022 EX 4CPERFORMANCE RIGHTSOPTION EXPIRING 10-JUL-2023 EX $0.03

OPTION EXPIRING 18-MAY-2023 EX $0.03

Trading in the post consolidation or split +securities commences on a deferred settlement basis 19/5/2022

Record Date 20/5/2022

Issue Date 27/5/2022

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/SplitAnnouncement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

WESTSTAR INDUSTRIAL LIMITED

1.2 Registered Number Type

ACN

1.3 ASX issuer code

WSI

1.4 The announcement isNew announcement

1.5 Date of this announcement 6/4/2022

1.6 Securities affected by the consolidation or splitRegistration Number 119047693

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable?Security holder approval

Notification of Consolidation/Split

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Notification of Consolidation/Split

Security holder approvalCourt approval

Lodgement of court order with +ASICACCC approval

FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

For personal use only

Yes

2.2 Approvals

Approval/Condition +Security holder approval

Date for determination 10/5/2022

Is the date estimated or actual?

Approval received/condition met?

Actual

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date 20/5/2022

3.2 Date of +security holder meeting

10/5/2022

3.2a Effective date of consolidation or split

17/5/2022

3.3 Last day for trading in the pre consolidation or split +securities 18/5/2022

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis. 19/5/2022

3.5 Record date 20/5/2022

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

23/5/2022

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

27/5/2022

3.8 Trading starts on a normal T+2 basis 30/5/2022

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Notification of Consolidation/Split

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis 1/6/2022

Part 4 - Event type and details

For personal use only

4.1 The event is+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 10

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole numberPart 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or splitASX +Security Code WSI

Quoted/unquotedQuoted

ASX +Security Code WSIAA

Quoted/unquotedUnquoted

ASX +Security Code WSIAI

Quoted/unquotedUnquoted

ASX +Security Description ORDINARY FULLY PAID

Number on issue pre consolidation or split 1,127,650,462

ASX +Security Description

Number on issue post consolidation or split 112,765,046

OPTION EXPIRING 29-NOV-2022 EX 4C

Number on issue pre consolidation or split 30,000,000

ASX +Security Description PERFORMANCE RIGHTS

Number on issue pre consolidation or split 60,000,000

Number on issue post consolidation or split 3,000,000

Number on issue post consolidation or split 6,000,000

Estimate/ActualEstimatedEstimate/ActualActualEstimate/ActualActual

Notification of Consolidation/Split

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Notification of Consolidation/Split

ASX +Security Code WSIAK

ASX +Security Description

OPTION EXPIRING 10-JUL-2023 EX $0.03

Quoted/unquotedUnquoted

For personal use only

ASX +Security Code WSIAJ

Quoted/unquotedUnquoted

5.2 Exercise price of options

ASX +Security Code

WSIAA

Quoted/unquotedUnquoted

ASX +Security Code WSIAI

Quoted/unquotedUnquoted

ASX +Security Code WSIAK

Quoted/unquotedUnquoted

ASX +Security Code WSIAJ

Quoted/unquotedUnquoted

Part 6 - Further information

Number on issue pre consolidation or split 30,000,000

ASX +Security Description

Number on issue post consolidation or split 3,000,000

OPTION EXPIRING 18-MAY-2023 EX $0.03

Number on issue pre consolidation or split 76,086,946

ASX +Security Description

Number on issue post consolidation or split 7,608,695

OPTION EXPIRING 29-NOV-2022 EX 4C

Exercise price pre consolidation or split 0.04000000

ASX +Security Description PERFORMANCE RIGHTS

Exercise price pre consolidation or split 0.00000000

ASX +Security Description

OPTION EXPIRING 10-JUL-2023 EX $0.03

6.1 Further information relating to the consolidation or splitEstimate/ActualActualEstimate/ActualEstimatedExercise price post consolidation or split 0.40000000

Exercise price post consolidation or split 0.00000000

Notification of Consolidation/Split

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