ASX ANNOUNCEMENT
2 DECEMBER 2020
COMPLETION OF CONSOLIDATION OF CAPITAL
Collaborate Corporation Limited (ASX:CL8) is pleased to advise that following receipt of shareholder approval at its Annual General Meeting (AGM) on 19 November 2020, the Company has completed the consolidation of capital.
The purpose of the consolidation of capital was to implement a more appropriate capital structure for the Company going forward. The basis for the consolidation of capital was as follows:
(a) every 25 fully paid ordinary shares in the capital of the Company (individually, a Share) be consolidated into 1 Share, and
(b) every 25 options to acquire Shares (individually, an Option) be consolidated into 1 Option and the exercise price of each Option to be amended in inverse proportion to this ratio in accordance with ASX Listing Rule 7.22.1,
(together, the Consolidation).
The capital structure following completion of the Consolidation is set out below:
Capital structure pre-Consolidation Capital structure post-Consolidation
The revised exercise prices of the Options are as follows:
Number of Options | |||
282,282,461 | |||
11,291,213 | |||
Number of | |||
Class of Unquoted Option | Expiry Date | Exercise Price | Unquoted Options |
Tranche 1 Unquoted Options | 18 December 2020 | $0.3750 | 6,928,629 |
Employee Options | 3 September 2021 | $0.5275 | 77,603 |
Employee Options | 1 February 2022 | $0.4075 | 10,401 |
Employee Options | 7 May 2022 | $0.3125 | 40,000 |
Employee Options | 7 May 2022 | $0.3750 | 40,000 |
Employee Options | 2 September 2022 | $0.2500 | 70,021 |
Employee Options | 1 January 2023 | $0.5000 | 13,980 |
Employee Options | 16 March 2023 | $0.2500 | 60,000 |
Employee Options | 11 May 2023 | $0.2500 | 120,000 |
Employee Options | 1 September 2023 | $0.2500 | 217,516 |
Tranche 2 Unquoted Options | 31 October 2022 | $0.3750 | 2,093,063 |
Executive Options | 19 November 2025 | $0.3750 | 1,620,000 |
Total number of Options | 11,291,213 |
Number of Shares
1,413,388,606 56,535,414
Suite 3, Level 7, 189 Kent Street, Sydney NSW 2000 Tel: +61 2 8889 3641 E:shareholder@collaboratecorp.comW: www.collaboratecorp.com
ACN 066 153 982
Authorised by:
Chris Noone CEO and Director
Collaborate Corporation Limited
For more information please contact:
Chris Noone
CEO and Director
Collaborate Corporation Limited
E:shareholder@collaboratecorp.com
Jane Morey
Morey Media
E:jane@moreymedia.com.au M: 0416 097 678
About Collaborate Corporation Limited
Collaborate Corporation Limited is listed on the Australian Securities Exchange (ASX:CL8). It is Australia's leading listed company focused on providing innovative mobility solutions for consumers and the automotive industry. Collaborate operateswww.DriveMyCar.com.au Australia's leading peer-to-peer car rental business, andwww.Carly.co, Australia's first flexible car subscription service, supported by our proprietary PeerPass trust and reputation platform.
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Collaborate Corporation Limited published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 03:06:00 UTC