Bubs Australia : Appendix 3B

For personal use only

This appendix is available as an online form	Appendix 3B
Only use this form if the online version is not available	Proposed issue of +securities

Appendix 3B

Proposed issue of +securities

Information and documents given to ASX become ASX's property and may be made public.

If you are an entity incorporated outside Australia and you are proposing to issue a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. For offers where the +securities proposed to be issued are in an existing class of security, and the event timetable includes rights (or entitlement for non- renounceable issues), and deferred settlement trading or a representation of such, ASX requires the issuer to advise ASX of the ISIN code for the rights (or entitlement), and deferred settlement trading. This code will be different to the existing class. If the securities do not rank equally with the existing class, the same ISIN code will be used for that security to continue to be quoted while it does not rank.

Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers.

*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.

Part 1 - Entity and announcement details

Question	Question	Answer
no
1.1	*Name of entity	Bubs Australia Limited (Company)
	We (the entity here named)
	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
1.2	*Registration type and	ABN 060 094 742
	number
	Please supply your ABN, ARSN,
	ARBN, ACN or another registration
	type and number (if you supply
	another registration type, please
	specify both the type of registration
	and the registration number).
1.3	*ASX issuer code	BUB

+ See chapter 19 for defined terms
18 July 2020	Page 1

	1.4	*This announcement is	☒ A new announcement
		Tick whichever is applicable.	☐ An update/amendment to a previous
only			announcement
		☐ A cancellation of a previous announcement
1.4a	update	N/A
	*Reason for update
		Mandatory only if "Update" ticked in
		Q1.4 above. A reason must be
		provided for an update.
	1.4b	*Date of previous	N/A
		announcement to this
use		Mandatory only if "Update" ticked in
	Q1.4 above.
endi1.4	*Reason for cancellation	N/A
c	Mandatory only if "Cancellation" ticked
	in Q1.4 above.
1.4d	*Date of previous	N/A
	announcement to this
	cancellation
personal		Mandatory only if "Cancellation" ticked
	in Q1.4 above.
1.5	*Date of this announcement	☒ A placement or other type of issue (complete Parts 7
	5 July 2022
	1.6	*The proposed issue is:	☐ A +bonus issue (complete Parts 2 and 8)
		Note: You can select more than one	☐ A standard +pro rata issue (non-renounceable
		type of issue (e.g. an offer of
		securities under a securities purchase	or renounceable) (complete Q1.6a and Parts 3 and 8)
		plan and a placement, however ASX	☒ An accelerated offer (complete Q1.6b and Parts 3 and 8)
		may restrict certain events from being
		announced concurrently). Please	☐ An offer of +securities under a +securities
		contact your ASX listings compliance
		adviser if you are unsure.	purchase plan (complete Parts 4 and 8)
			☐ A non-+pro rata offer of +securities under a
			+disclosure document or +PDS (complete Parts 5
			and 8)
			☐ A non-+pro rata offer to wholesale investors
			under an information memorandum (complete Parts
			6 and 8)
For			and 8)

+ See chapter 19 for defined terms
18 July 2020	Page 2

For personal use only

1.6a	*The proposed standard	☐ Non-renounceable
	+pro rata issue is:	☐ Renounceable
	Answer this question if your response
	to Q1.6 is "A standard pro rata issue
	(non-renounceable or renounceable)."
	Select one item from the list
	An issuer whose securities are
	currently suspended from trading
	cannot proceed with an entitlement
	offer that allows rights trading. If your
	securities are currently suspended,
	please consult your ASX listings
	compliance adviser before proceeding
	further.
1.6b	*The proposed accelerated	☒ Accelerated non-renounceable entitlement offer
	offer is:	(commonly known as a JUMBO or ANREO)
	Answer this question if your response	☐ Accelerated renounceable entitlement offer
	to Q1.6 is "An accelerated offer"	(commonly known as an AREO)
	Select one item from the list
	An issuer whose securities are	☐ Simultaneous accelerated renounceable
	currently suspended from trading	entitlement offer (commonly known as a
	cannot proceed with an entitlement
	offer that allows rights trading. If your	SAREO)
	securities are currently suspended,	☐ Accelerated renounceable entitlement offer with
	please consult your ASX listings
	compliance adviser before proceeding	dual book-build structure (commonly known as
	further.	a RAPIDS)
		☐ Accelerated renounceable entitlement offer with
		retail rights trading (commonly known as a
		PAITREO)

Part 2 has been deleted - not applicable

Part 3 - Details of proposed entitlement offer

If your response to Q1.6 is "A standard pro rata issue (non-renounceable or renounceable)" or "An accelerated offer", please complete parts 3A, 3F and 3G and the details of the securities proposed to be issued in Part 8. Please also complete Parts 3B and 3C if your response to Q1.6 is "A standard pro rata issue (non-renounceable or renounceable)" and Parts 3D and 3E if your response to Q1.6 is "An accelerated offer". Refer to sections 2,3,4,5 and 6 of Appendix 7A of the Listing Rules for the respective timetables for entitlement offers, including non-renounceable, renounceable and accelerated offers.

+ See chapter 19 for defined terms
18 July 2020	Page 3

For personal use only

Part 3A - Proposed entitlement offer - conditions

Question	Question	Answer
No.
3A.1	*Are any of the following approvals	No
	required for the entitlement offer to be
	unconditional?
	•	+Security holder approval
	•	Court approval
	• Lodgement of court order with
		+ASIC
	•	ACCC approval
	•	FIRB approval
	•	Another approval/condition external
		to the entity.

If any of the above approvals apply to the entitlement offer, they must be obtained before business day 0 of the timetable. The relevant approvals must be received before ASX can establish an ex market in the securities.

3A.1a Conditions

Answer these questions if your response to Q3A.1 is "Yes".

Select the applicable approval(s) from the list. More than one approval can be selected. The "date for determination" is the date that you expect to know if the approval is given (for example, the date of the security holder meeting in the case of +security holder approval or the date of the court hearing in the case of court approval).

*Approval/ condition	*Date for	*Is the date	**Approval received/	Comments
Type	determination	estimated or	condition met?
		actual?	Please respond "Yes" or
			"No". Only answer this
			question when you know
			the outcome of the
			approval. Please advise
			before +business day 0
			of the relevant Appendix
			7A entitlement offer
			timetable.
+Security holder
approval
Court approval
Lodgement of court
order with +ASIC
ACCC approval
FIRB approval
Other (please specify
in comment section)

Part 3B - Proposed standard pro rata issue entitlement offer - offer details

If your response to Q1.6 is "A standard pro rata issue (non-renounceable or renounceable)", please complete the relevant questions in this part.

+ See chapter 19 for defined terms
18 July 2020	Page 4

	Question	Question	Answer
	No.
only	3B.1	*Class or classes of +securities that will
	participate in the proposed entitlement
	offer (please enter both the ASX
	security code & description)
	If more than one class of security will participate in the
	proposed entitlement offer, make sure you clearly
	identify any different treatment between the classes.
3B.2	*Class of +securities that will be issued
	in the proposed entitlement offer (please
	enter both the ASX security code &
use		description)
3B.3	*Offer ratio	for
		Enter the quantity of additional securities to be offered
		for a given quantity of securities held (for example, 1
		for 2 means 1 new security will be offered for every 2
		existing securities held).
		Please only enter whole numbers (for example, an
		entitlement offer of 1 new security for every 2.5 existing
		securities held should be expressed as "2 for 5").
personal		Listing rule 7.11.3 requires that non-renounceable
	offers must not exceed a ratio of 1:1. Please ensure
	that you comply with listing rule 7.11.3 or have a waiver
		from that rule.
	3B.4	*What will be done with fractional	☐Fractions rounded up to the next
		entitlements?	whole number
		Select one item from the list.	☐Fractions rounded down to the nearest
			whole number or fractions
			disregarded
			☐Fractions sold and proceeds
			distributed
			☐Fractions of 0.5 or more rounded up
			☐Fractions over 0.5 rounded up
			☐Not applicable
	3B.5	*Maximum number of +securities
		proposed to be issued (subject to
For		rounding)
3B.6	*Will individual +security holders be	Yes or No
	permitted to apply for more than their
		entitlement (i.e. to over-subscribe)?
	3B.6a	*Describe the limits on over-subscription
		Answer this question if your response to Q3B.6 is
		"Yes".
	3B.7	*Will a scale back be applied if the offer	Yes or No
		is over-subscribed?

+ See chapter 19 for defined terms
18 July 2020	Page 5