New Zealand Coastal Seafoods : Proposed issue of securities - NZS

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

NEW ZEALAND COASTAL SEAFOODS LIMITED

Announcement Type

New announcement

Date of this announcement 31/3/2022

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

Proposed +issue date 5/4/2022

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

NEW ZEALAND COASTAL SEAFOODS LIMITED

For personal use only

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.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type ABN

Registration Number 16124251396

1.3 ASX issuer code NZS

1.4 The announcement isNew announcement

1.5 Date of this announcement 31/3/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securitiesPart 7 - Details of proposed placement or other issue

For personal use only

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?

Yes

7A.1a Conditions

Approval/Condition +Security holder approval

Date for determination 20/5/2022

Is the date estimated or actual?

Estimated

** Approval received/condition met?

Yes

Comments

Please note the Company intends to have the Options attaching to the Placement Shares approved at the next General Meeting, which the Company intends to hold mid May.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

Existing class

Details of +securities proposed to be issued

ASX +security code and description

NZS : ORDINARY FULLY PAID

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

Yes

Number of +securities proposed to be issued

200,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

Yes

In what currency is the cash consideration being paid?

Proposed issue of securities

What is the issue price per +security?

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Proposed issue of securities

consideration being paid?

AUD - Australian Dollar

+security?

AUD 0.00500

For personal use only

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

Yes

Attaching +Security

Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?

New class

Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)

Details of attaching +securities proposed to be issuedISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class ofof the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

+Security type

Options

Number of +securities proposed to be issued 100,000,000

Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities Free attaching Options.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securitiesWill all the +securities issued in this class rank equally in all respects from their issue date?

+securities on ASX?

Yes

+Security description

Listed OptionsProposed issue of securities

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Proposed issue of securities

Yes

Options details

For personal use only

+Security currency AUD - Australian Dollar

Exercise price

AUD 0.0100

Expiry date 23/5/2022

Details of the type of +security that will be issued if the option is exercised NZS : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised One Share.

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

Please note the issue date above is indicative only, the actual expiry date will be calculated 3 years from the date of issue.

Please note the terms of the Options will be included in the disclosure document in which these Options will be offered.

Part 7C - Timetable

7C.1 Proposed +issue date

5/4/2022

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?

Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

20/5/2022

• 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

  No

• 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

Proposed issue of securities

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