ICOLLEGE : Notification regarding unquoted securities - ICT

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

	Announcement Summary
only	Entity name
ICOLLEGE LIMITED
		Date of this announcement
		Wednesday June 15, 2022
		The +securities the subject of this notification are:
		Other
use	Total number of +securities to be issued/transferred
ASX +security
		code	Security description
		New class - code	2018 Convertible Notes
		to be confirmed
personalFor	Refer to next page for full details of the announcement

Total number of +securities to be

issued/transferred Issue date

15 21/09/2018

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

ICOLLEGE LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ABN	75105012066
1.3	ASX issuer code
ICT
1.4 The announcement is
New announcement
1.5	Date of this announcement

15/6/2022

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are: Other

For personal use only

Please specify

Convertible Notes issued in 2018.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

only	New +securities
ASX +security code			+Security description
	New class - code to be confirmed			2018 Convertible Notes
	+Security type			ISIN code
	+Convertible debt securities
use	Date the +securities the subject of this notification were issued
21/9/2018
	Will all the +securities issued in this class rank equally in all respects from their issue date?
personal	Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	Conversion price of $0.05 per Convertible Note
	Interest rate of 10% per annum payable monthly
	Expiry Date of 30 June 2022
	Convertible Notes may be redeemed for cash at the election of the Company
	The Convertible Notes may be converted to shares at the election of the Noteholder
+Convertible debt securities Details
	Type of +security
For	Convertible note or bond
+Security currency	Face value			Interest rate type
	AUD - Australian Dollar	AUD 10,000.00000000	Fixed rate
	Frequency of coupon/interest payments per year			First interest payment date
	Monthly
	Interest rate per annum			Is the interest rate per annum estimated at this time?
	10.00 %			No

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

s128F of the Income Tax Assessment Act status applicable to the +security

s128F exemption status unknown

Is the +security perpetual (i.e. no maturity)?

No

Maturity date

30/6/2022

Select other feature(s) applicable to the +security

only		Convertible
	Redeemable
	Is there a first trigger date on which a right of conversion, redemption, call
	or put can be exercised (whichever is first)?
	No
	Details of the existing class of +security that will be issued if the securities are converted, transformed or
	exchanged
use		Other
	Description
		Ordinary Shares
		Any other information the entity wishes to provide about the +securities the subject of this notification
personal		No
	Please provide any further information needed to understand the circumstances in which you are notifying the
		issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to
		the market in an Appendix 3B
		The issue was not notified to the ASX due to an administrative error at the time. This has now been identified and the
		Company is rectifying ASX records. The Company now has systems in place to ensure this oversight will not occur in the
		future.
I	ue details
		Number of +securities
	15
		Were the +securities issued for a cash consideration?
For		Yes
	In what currency was the cash consideration being	What was the issue price per +security?
		paid?
		AUD - Australian Dollar	AUD 10,000.00000000

Purpose of the issue

To raise additional working capital

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