Synertec : Proposed issue of securities - SOP

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

SYNERTEC CORPORATION LIMITED

Announcement Type

New announcement

Date of this announcement

16/11/2021

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

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unlisted Options	8,695,652
confirmed
New class-code to be	Unlisted Options	4,347,826
confirmed

Proposed +issue date

23/12/2021

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

SYNERTEC CORPORATION 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
ARBN	161803032
1.3	ASX issuer code
SOP

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

16/11/2021

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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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	16/12/2021	actual?	received/condition met?
		Actual
		Comments
			The 13,043,478 unlisted options are subject to shareholder approval at the Company's 2021 Annual General Meeting
personal		scheduled for 16 December 2021.
	Part 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)?
			New class
	Details of +securities proposed to be issued
For		ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	SOP
			Have you received confirmation from		Will the entity be seeking quotation
			ASX that the terms of the proposed		of the 'new' class of +securities on
			+securities are appropriate and		ASX?
			equitable under listing rule 6.1?		No
			No
			ASX +security code			+Security description
			New class-code to be confirmed		Unlisted Options

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Proposed issue of securities

+Security type Options

Number of +securities proposed to be issued 8,695,652

only	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
		Director Options:
use	Subject to shareholder approval in accordance with Resolutions 7-10 of the Company's 2021 Notice of Annual General
Meeting ('NOM'), the Company will grant a total of 13,043,478 unlisted Options to Directors on the terms and conditions
		set out in the Explanatory Statement and Appendix 3 of the NOM. Of the total Director Options, 8,695,652 will have a
		strike price of $0.023, and 4,347,826 will have a strike price of $0.00, and all will have a 1-year expiry period from the date
		of issue.
		Please provide an estimate of the AUD equivalent of the consideration being
		provided for the +securities
personal	452,173.000000
Will all the +securities issued in this class rank equally in all respects from
		their issue date?
		Yes
	Options details
		+Security currency	Exercise price	Expiry date
		AUD - Australian Dollar	AUD 0.0230	23/12/2022
		Details of the type of +security that will be issued if the option is exercised
		SOP : ORDINARY FULLY PAID
For	Number of securities that will be issued if the option is exercised
One fully paid ordinary share (ASX:SOP) for every option exercised.
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.
		See separate announcement titled 'Notice of Synertec's 2021 Annual General Meeting' released 16 November 2021.
		https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02452903-3A581234?access_token=83
		ff96335c2d45a094df02a206a39ff4
		Is the proposed security a 'New	Will the proposed issue of this
	Proposed issue of securities	4 / 7

Proposed issue of securities

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)?
New class

only
Details of +securities proposed to be issued
	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	SOP
	Have you received confirmation from		Will the entity be seeking quotation
	ASX that the terms of the proposed		of the 'new' class of +securities on
use	+securities are appropriate and		ASX?
equitable under listing rule 6.1?		No
No
	ASX +security code		+Security description
	New class-code to be confirmed		Unlisted Options
	+Security type
	Options
personal	Number of +securities proposed to be issued
4,347,826
	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
	Director Options:
	Subject to shareholder approval in accordance with Resolutions 7-10 of the Company's 2021 Notice of Annual General
	Meeting ('NOM'), the Company will grant a total of 13,043,478 unlisted Options to Directors on the terms and conditions
	set out in the Explanatory Statement and Appendix 3 of the NOM. Of the total Director Options, 8,695,652 will have a
	strike price of $0.023, and 4,347,826 will have a strike price of $0.00, and all will have a 1-year expiry period from the date
	of issue.
For
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
	326,087.000000

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Proposed issue of securities

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