LBT Innovations : Update - Proposed issue of securities - LBT

Proposed issue of securities

Update Summary

For personal use only

Entity name

LBT INNOVATIONS LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

29/12/2021

Reason for update to a previous announcement

The original Appendix 3B noted a expiry date of 31/12/2021 for the options, the correct date is 31/12/2024.

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

LBT INNOVATIONS 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
ABN	95107670673
1.3	ASX issuer code
LBT

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

The original Appendix 3B noted a expiry date of 31/12/2021 for the options, the correct date is 31/12/2024.

1.4b Date of previous announcement to this update

29/12/2021

1.5 Date of this announcement

29/12/2021

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?
use		No
	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?
personal		or an 'Existing class' (additional	No
	securities in a class that is already
	consideration?
			quoted or recorded by ASX)?
			Existing class
	Details of +securities proposed to be issued
			ASX +security code and description
			LBT : ORDINARY FULLY PAID
			Number of +securities proposed to be issued
		30,660,377
			Offer price details
			Are the +securities proposed to be issued being issued for a cash
For		No
	Please describe the consideration being provided for the +securities
			Shares being issued as part consideration for an acquisition.
			Consideration $0.091 per share per most recent closing price, or a total of $2,790,094
			Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
		0.091000
			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

3 / 6

Proposed issue of securities

	Is the proposed security a 'New		Will the proposed issue of this
only	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
use	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
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
personal	ASX +security code		+Security description
Part consideration for an acquisition. Refer separate ASX Announcement today.
	New class-code to be confirmed		Options ex price $0.25 expiring Dec 2024
	+Security type
	Options
	Number of +securities proposed to be issued
	8,000,000
	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
For

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

Proposed issue of securities

4 / 6

Proposed issue of securities

Options details

			+Security currency	Exercise price	Expiry date
			AUD - Australian Dollar	AUD 0.2500	31/12/2021
only		Details of the type of +security that will be issued if the option is exercised
	LBT : ORDINARY FULLY PAID
			Number of securities that will be issued if the option is exercised
			One fully paid ordinary share (ASX:LBT)
			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.
use
	Part 7C - Timetable
personal	7C.1 Proposed +issue date
30/12/2021
	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?
			No
		7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
		placement capacity under listing rule 7.1?
			Yes
		7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%
		placement capacity under listing rule 7.1?
For	38,660,377
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's

additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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? Yes

Proposed issue of securities

5 / 6