Eve Health : Update - Proposed issue of securities - EVE

Proposed issue of securities

Update Summary

Entity name

For personal use only

EVE HEALTH GROUP LIMITED.

Announcement Type

Update to previous announcement

Date of this announcement

20/4/2022

Reason for update to a previous announcement

Updating for approval at GM.

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

1.1 Name of +Entity

EVE HEALTH GROUP LIMITED.

For personal use only

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 ABN

Registration Number 89106523611

1.3 ASX issuer code EVE

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement Updating for approval at GM.

1.4b Date of previous announcement to this update 22/2/2022

1.5 Date of this announcement 20/4/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securitiesPart 7 - Details of proposed placement or other issue

For personal use 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

7A.1a Conditions

Approval/Condition +Security holder approval

Date for determination 20/4/2022

Is the date estimated or actual?

** Approval received/condition met?

Actual

Yes

Comments

Part 7B - Issue details

Is the proposed 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

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

Unlisted option exercisable at $0.005

+Security type

Options

of the 'new' class of +securities on ASX?

No

+Security description

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Proposed issue of securities

Number of +securities proposed to be issued

466,666,667

Offer price details

For personal use only

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

No

Please describe the consideration being provided for the +securities

Nil consideration. The attaching options are being offered on a one for one basis to subscribers of the Placement announced 22 February 2022.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

0.0000001

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 0.0050	31/3/2024

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

Other

Description

Unlisted options with a two year life and a $0.005 exercise price

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.

Part 7C - Timetable

7C.1 Proposed +issue date 21/4/2022

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Proposed issue of securities

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?

Yes

For personal use only

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 20/4/2022

• 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?

  No

• 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

  No

• 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?

No

Part 7E - Fees and expenses

• 7E.1 Will there be a lead manager or broker to the proposed issue?

  No

• 7E.2 Is the proposed issue to be underwritten?

No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue 6% fee paid to brokers to any placement funds raised.

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Attaching option issued with placement shares, being used to raise funds to extend probiotic product range and working capital.

• 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?

  No

• 7F.2 Any other information the entity wishes to provide about the proposed issue

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