Application for quotation of +securities
Announcement Summary
For personal use only
Entity name
COMMS GROUP LTD
Announcement Type
New announcement
Date of this announcement
Friday February 11, 2022
The +securities to be quoted are:
Other
Total number of +securities to be quoted
ASX +security | Number of +securities to | ||
code | Security description | be quoted | Issue date |
CCG | ORDINARY FULLY PAID | 18,990,828 | 10/02/2022 |
Refer to next page for full details of the announcement
Application for quotation of +securities | 1 / 7 |
Application for quotation of +securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
COMMS GROUP LTD
We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.
1.2 | Registered number type | Registration number |
ABN | 64619196539 | |
1.3 | ASX issuer code | |
CCG |
- The announcement is New announcement
- Date of this announcement
11/2/2022
Application for quotation of +securities | 2 / 7 |
Application for quotation of +securities
Part 2 - Type of Issue
2.1 The +securities to be quoted are: Other
For personal use only
2.2 The +securities to be quoted are:
Additional +securities in a class that is already quoted on ASX ("existing class")
2.3c Have these +securities been offered under a +disclosure document or +PDS? No
2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
Issue of securities on completion of acquisition of all issued shares in On Group Holdings Pty Ltd announced to market on 4 February 2022
2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12 months in a manner that would breach section 707(3) or 1012C(6)
Application for quotation of +securities | 3 / 7 |
Application for quotation of +securities
Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an
Appendix 3B
only | Additional +securities to be quoted in an existing class |
ASX +security code and description | |
CCG : ORDINARY FULLY PAID | |
Issue date | |
10/2/2022 | |
use | Will the +securities to be quoted rank equally in all respects from their issue date with the |
existing issued +securities in that class? Yes
Issue details
For personal
Number of +securities to be quoted
18,990,828
Are the +securities being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Acquisition of all issued share capital in On Group Holdings Pty Ltd
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted
0.105314
Any other information the entity wishes to provide about the +securities to be quoted
Shares issued by CCG are subject to escrow agreements between CCG and the shareholders of On Group Holdings Pty Ltd as follows:
- in respect of 50% of the Issued Shares, the first anniversary of the Completion Date (9 February 2023); and
- in respect of the remaining 50% of the Issued Shares, the date that is 18 months after the Completion Date (9 August 2023)
The purpose(s) for which the entity is issuing the securities
To pay for the acquisition of an asset
Please provide additional details
Issue of securities to acquire all issued share capital in On Group Holdings Pty Ltd
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Application for quotation of +securities
For personal use only
Application for quotation of +securities | 5 / 7 |
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Comms Group Ltd. published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 22:27:22 UTC.