Schrole : Consolidation/Split - SCL

Notification of Consolidation/SplitAnnouncement Summary

For personal use only

Entity name SCHROLE GROUP LTD

Applicable security for the reorganisation

SCL

SCLAF

SCLAK

SCLAH

SCLAI

SCLAJ

Announcement Type New Announcement

Date of this announcement 21/4/2022

Reorganisation type Security consolidationORDINARY FULLY PAIDPERFORMANCE RIGHTSSHARE RIGHTSOPTION EXPIRING 31-DEC-2023 EX $0.03

OPTION EXPIRING 31-DEC-2023 EX $0.045

OPTION EXPIRING 31-DEC-2023 EX $0.06

Trading in the post consolidation or split +securities commences on a deferred settlement basis 27/5/2022

Record Date 30/5/2022

Issue Date 6/6/2022

Additional Information

See notice of annual general meeting announced 21 April 2022

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

For personal use only

Notification of Consolidation/Split

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Notification of Consolidation/SplitAnnouncement Details

For personal use only

Part 1 - Entity and announcement details

1.1 Name of +Entity

SCHROLE GROUP LTD

1.2 Registered Number Type

ACN

1.3 ASX issuer code

SCL

1.4 The announcement isNew announcement

1.5 Date of this announcement 21/4/2022

1.6 Securities affected by the consolidation or splitASX +Security Code SCL

ASX +Security Description ORDINARY FULLY PAID

SCLAF

PERFORMANCE RIGHTS

SCLAK

SHARE RIGHTS

Registration Number 164440859

SCLAH

OPTION EXPIRING 31-DEC-2023 EX $0.03

SCLAI

OPTION EXPIRING 31-DEC-2023 EX $0.045

SCLAJ

OPTION EXPIRING 31-DEC-2023 EX $0.06

Notification of Consolidation/Split

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Notification of Consolidation/Split

Part 2 - Approvals

• 2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable?

  Security holder approval

  Court approval

  For personal use only

  Lodgement of court order with +ASICACCC approval

  FIRB approval

  Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

  Yes

• 2.2 Approvals

Approval/Condition +Security holder approval

Date for determination 24/5/2022

Is the date estimated or actual?

Approval received/condition met?

Actual

No

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date 30/5/2022

3.2 Date of +security holder meeting

24/5/2022

3.2a Effective date of consolidation or split

25/5/2022

3.3 Last day for trading in the pre consolidation or split +securities 26/5/2022

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

27/5/2022

3.5 Record date 30/5/2022

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

31/5/2022

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

6/6/2022

3.8 Trading starts on a normal T+2 basis

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Notification of Consolidation/Split

3.8 Trading starts on a normal T+2 basis 7/6/2022

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis 9/6/2022

For personal use only

Part 4 - Event type and details

4.1 The event is

+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 50

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded down to the nearest whole number or fractions disregarded

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code SCL

ASX +Security Description ORDINARY FULLY PAID

Quoted/unquotedQuoted

Number on issue pre consolidation or split 1,739,413,240

Number on issue post consolidation or split 34,788,265

Estimate/ActualEstimatedASX +Security Code SCLAF

ASX +Security Description PERFORMANCE RIGHTS

Quoted/unquotedUnquoted

Number on issue pre consolidation or split 122,655,320

Number on issue post consolidation or split 2,453,106

Estimate/ActualEstimatedASX +Security Code SCLAK

ASX +Security Description SHARE RIGHTS

Quoted/unquotedUnquoted

Number on issue pre consolidation or split 2,025,685

Number on issue post consolidation or split 40,514

Estimate/ActualEstimated

Notification of Consolidation/Split

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