LawFinance : Proposed issue of Securities - LAW

Proposed issue of securities

Announcement Summary

Entity name

LAWFINANCE LIMITED

Announcement Type

New announcement

Date of this announcement

Monday April 19, 2021

The Proposed issue is:

An offer of securities under a securities purchase plan

A placement or other type of issue

Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
LAW	ORDINARY FULLY PAID	115,384,615
+Record date
Friday April 16, 2021
Offer closing date
Tuesday June 15, 2021
+Issue date
Thursday June 24, 2021

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
n/a	Unlisted Warrants which convey a right to be issued	2
	104,501,466 Shares in aggregate.
LAW	ORDINARY FULLY PAID	2,813,205,083

Proposed +issue date

Friday May 28, 2021

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Proposed issue of securities

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

LAWFINANCE 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.

1.2	Registered Number Type	Registration Number
ABN	72088749008
1.3	ASX issuer code
LAW

1. The announcement is New announcement
2. Date of this announcement

Monday April 19, 2021

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

A placement or other type of issue

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Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

4A.1 - Are any of the following approvals required for the offer of +securities under the +securities purchase plan issue to be unconditional?

+Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity

No

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description

LAW : ORDINARY FULLY PAID

Will the proposed issue of this +security include an offer of attaching +securities?

No

Details of +securities proposed to be issued

ASX +security code and description

LAW : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted

115,384,615

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?

No

Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)?

No

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Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?

Yes

Is the minimum acceptance unit based or dollar based?

Dollar based ($)

Please enter the minimum acceptance value

$ 1,000

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?

Yes

Is the maximum acceptance unit based or dollar based?

Dollar based ($)

Please enter the maximum acceptance value

$ 30,000

Describe all the applicable parcels available for this offer in number of securities or dollar value

$1,000, $2,500, $5,000, $10,000, $15,000, $20,000, $25,000 and $30,000.

Offer price details

Has the offer price been determined?

Yes

In what currency will the offer be made?

What is the offer price per +security?

AUD - Australian Dollar

AUD 0.01300

Oversubscription & Scale back details

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

If subscriptions for more than the maximum number of securities being offered are received, LAW may decide in its absolute discretion to conduct a scale-back of applications. The scale-back may be applied to the extent and in the manner LAW sees fit, including the size of holding at the Record Date, if the applicant has sold or purchased shares since the Record Date, if the applicant has multiple holdings, the date on which the application was made and total applications received.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

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