Vortiv : Proposed issue of securities - VOR

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

VORTIV LIMITED

Announcement Type

New announcement

Date of this announcement 2/3/2022

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
VOR	ORDINARY FULLY PAID	30,000,000
VOROB	OPTION EXPIRING 17-JAN-2024	30,000,000

Proposed +issue date

2/3/2022

Refer to next page for full details of the announcement

Proposed issue of securities

1 / 6

Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

VORTIV 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	057335672
1.3	ASX issuer code
VOR

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

2/3/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

2 / 6

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	2/2/2022		actual?	received/condition met?
			Actual
						Yes
		Comments
		Refer resolutions 1A, 1B and 1C passed at the EGM held on 2 February 2022.
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	Yes
		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
VOR : ORDINARY FULLY PAID

Number of +securities proposed to be issued 30,000,000

Offer price details

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

Yes

Proposed issue of securities

3 / 6

Proposed issue of securities

In what currency is the cash consideration being paid?

AUD - Australian Dollar

What is the issue price per +security?

AUD 0.03000

only	Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
		Yes
Attaching +Security
use	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)?
		Existing class
Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX)
personal		Details of attaching +securities proposed to be issued
	ASX +security code and description
		VOROB : OPTION EXPIRING 17-JAN-2024
		Number of +securities proposed to be issued
	30,000,000
		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
		Attaching options are free as per the terms of the recent entitlement offer.
For		Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
	Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that

class? Yes

Proposed issue of securities

4 / 6

Proposed issue of securities

Part 7C - Timetable

7C.1 Proposed +issue date 2/3/2022

only
	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
use	7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
2/2/2022
		7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
		Yes
personal	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?
For	No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Proposed issue of securities

5 / 6