Norwood : Proposed issue of securities - NOR

Proposed issue of securities

Announcement Summary

For personal use only

Entity name

NORWOOD SYSTEMS LIMITED

Announcement Type

New announcement

Date of this announcement

16/2/2022

The Proposed issue is:

A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Option exercisable at $0.08 on or before 12 months from	66356636
confirmed	date of issue

Closing date for receipt of acceptances

28/2/2022

Proposed +issue date

3/3/2022

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

NORWOOD SYSTEMS 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	15062959540
1.3	ASX issuer code
NOR

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

16/2/2022

1.6 The Proposed issue is:

A non-+pro rata offer of +securities under a +disclosure document or +PDS

Proposed issue of securities

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Proposed issue of securities

Part 5 - Details of proposed non-pro rata offer under a disclosure document or PDS

only
	Part 5A - Conditions
		5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of
		+securities under a +disclosure document or + PDS can proceed on an unconditional basis?
use		No
	Part 5B - Offer 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
	quoted or recorded by ASX)?
			New class
	Details of +securities proposed to be issued
			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?		Yes
			Yes
			ASX +security code		+Security description
			New class-code to be confirmed		Option exercisable at $0.08 on or before 12 months from date of issue
For
	+Security type
	Options

The number of +securities to be offered under the +disclosure document or +PDS

66,356,636

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?

No

Proposed issue of securities

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Proposed issue of securities

	Will individual security holders be required to accept the offer for a
	minimum number or value of +securities (i.e. a minimum acceptance
	condition)?
	No
only	Will individual security holders be limited to accepting the offer for a
Yes
	maximum number or value of +securities (i.e. a maximum acceptance
	condition)?
	No
	Offer price details
	Has the offer price been determined?
use	In what currency will the offer be	What is the offer price per +security?
made?	AUD 0.00200
AUD - Australian Dollar
Oversubscription & Scale back details
personal	Will the entity be entitled to accept over-subscriptions?
Yes
	Provide details of the number or value of over-subscriptions that the entity may accept
	shortfall can be applied for beyond entitlement but is at company discretion on allocation
	Will a scale back be applied if the offer is over-subscribed?
	Yes
	Describe the scale back arrangements
	The Shortfall Offer is a separate offer made pursuant to this Prospectus	That part of your Entitlement not taken up will
	form part of the Shortfall Offer and potentially be allocated to other Eligible Participants or other third parties as part of the
	Shortfall Offer. The Shortfall Offer will only be available where there is a Shortfall between applications received from
	Eligible Participants and the number of New Options proposed to be issued under the Offer.
	Will all the +securities issued in this class rank equally in all respects from
	their issue date?
For	Yes
Options details
	+Security currency	Exercise price	Expiry date
	AUD - Australian Dollar	AUD 0.0800

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

NOR : ORDINARY FULLY PAID

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Proposed issue of securities

Number of securities that will be issued if the option is exercised

			66,356,636
			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.
only
	https://www2.asx.com.au/markets/trade-our-cash-market/announcements.nor
	Part 5C - Timetable
use	5C.1 Lodgement date of +disclosure document or +PDS with ASIC
16/2/2022
		5C.2 Date when +disclosure document or +PDS and acceptance forms will
		be made available to investors
		17/2/2022
personal	5C.3 Offer open date
17/2/2022
5C.4 Closing date for receipt of acceptances
		28/2/2022
		5C.6 Proposed +issue date
		3/3/2022
	Part 5D - Listing Rule requirements
		5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
			Yes
		5D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
For	31/1/2022

5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

Part 5E - Fees and expenses

5E.1 Will there be a lead manager or broker to the proposed offer? No

Proposed issue of securities

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