Scout Security : Update - Proposed issue of securities - SCT

Proposed issue of securities

Update Summary

For personal use only

Entity name

SCOUT SECURITY LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

24/3/2022

Reason for update to a previous announcement

Option class code incorrect, terms for unquoted options should be exercisable at 7 cents and expiring 3 years from issue date. Options issued 18 March 2022 and will have an expiry date of 18 March 2025, details in Part 7B are incorrect and should be replaced with these terms above.

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 7

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

SCOUT SECURITY 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.

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	Registration Number
ACN	615321189
1.3	ASX issuer code
SCT

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Option class code incorrect, terms for unquoted options should be exercisable at 7 cents and expiring 3 years from issue date. Options issued 18 March 2022 and will have an expiry date of 18 March 2025, details in Part 7B are incorrect and should be replaced with these terms above.

1.4b Date of previous announcement to this update

23/12/2021

1.5 Date of this announcement

24/3/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 7

Proposed issue of securities

Part 7 - Details of proposed placement or other issue

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
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	18/2/2022		actual?	received/condition met?
			Actual
						Yes
		Comments
personal
	P rt 7B - Issue details
		Is the proposed security a 'New	Will the proposed issue of this
		class' (+securities in a class that is	+security include an offer of
		not yet quoted or recorded by ASX)	attaching +securities?
		or an 'Existing class' (additional	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
For	ASX +security code and description
SCT : ORDINARY FULLY PAID

Number of +securities proposed to be issued 2,285,714

Offer price details

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

Yes

Proposed issue of securities

3 / 7

Proposed issue of securities

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.08750

only	Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
		Yes
use	Is the proposed security a 'New	Will the proposed issue of this
class' (+securities in a class that is	+security include an offer of
not yet quoted or recorded by ASX)	attaching +securities?
		or an 'Existing class' (additional	Yes
		securities in a class that is already

quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

For personal

ASX +security code and description

SCT : ORDINARY FULLY PAID

Number of +securities proposed to be issued

6,428,571

Offer price details

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

Yes

In what currency is the cash	What is the issue price per
consideration being paid?	+security?
AUD - Australian Dollar	AUD 0.07000

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

Proposed issue of securities

4 / 7

Proposed issue of securities

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

Details of attaching +securities proposed to be issued

only	ISIN 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 o
	of the proposed +securities are appropriate and		+securities on ASX?
	equitable under listing rule 6.1?		No
	No
	ASX +security code		+Security description
use
New class-code to be confirmed		Option exercisable at 13.5 cents expiring 31 dec 2024
+Security type
	Options
	Number of +securities proposed to be issued
personal	900,000
Offer price details
	Are the +securities proposed to be issued being issued for a cash consideration?
	No
	Please describe the consideration being provided for the +securities
	attached to the new convertible note of $450,000 refer announcement of today
	Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
	Will all the +securities issued in this class rank equally in all respects from their issue date?
	Yes
Options details
For	+Security currency
AUD - Australian Dollar
Exercise price		Expiry date
	AUD 0.1350	31/12/2026

Details of the type of +security that will be issued if the option is exercised

SCT : ORDINARY FULLY PAID

Proposed issue of securities

5 / 7