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

Announcement Summary

For personal use only

Entity name

NEXION GROUP LTD

Date of this announcement

Friday February 04, 2022

The +securities the subject of this notification are:

Other

Total number of +securities to be issued/transferred

Total number of

ASX +security

+securities to be

code

Security description

issued/transferred

Issue date

New class - code

Options exercisable at $0.30 each and expiring on

8,593,749

04/02/2022

to be confirmed

4 February 2025

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

1 / 7

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

NEXION GROUP LTD

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

48628415887

1.3

ASX issuer code

NNG

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

4/2/2022

Notification of Issue, Conversion or Payment up of Unquoted

2 / 7

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

As per Appendix 3B lodged on 29 December 2021.

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

3 / 7

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

Options exercisable at $0.30 each and expiring on 4

February 2025

+Security type

ISIN code

use

Options

Date the +securities the subject of this notification were issued

4/2/2022

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?

Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being

issued.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02471920-6A1070922?access_token=8

3ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency

Exercise price

Expiry date

AUD - Australian Dollar

AUD 0.30000000

4/2/2025

For

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of

company option

Other

Description

NNG - Ordinary Fully Paid

Any other information the entity wishes to provide about the +securities the subject of this notification

Free options issued on the basis of one option for every two shares issued, attaching to a placement of ordinary shares comprising 16,562,500 shares issued on 24 November 2021 and 625,000 shares issued on 4 February 2022.

Please provide any further information needed to understand the circumstances in which you are notifying the

Notification of Issue, Conversion or Payment up of Unquoted

4 / 7

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

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

As per Appendix 3B lodged on 29 December 2021.

Issue details

For personal use only

Number of +securities

8,593,749

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Free options for every two shares issued, attaching to a placement of ordinary shares comprising 16,562,500 shares issued on 24 November 2021 and 625,000 shares issued on 4 February 2022.

Purpose of the issue

Other

Additional Details

Free options issued on the basis of one option for every two shares issued.

Notification of Issue, Conversion or Payment up of Unquoted

5 / 7

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

NEXION Group Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 07:45:04 UTC.