Pioneer Credit : Proposed issue of securities - PNC

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

PIONEER CREDIT LIMITED

Announcement Type

New announcement

Date of this announcement 19/4/2022

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	Options	29727270
confirmed
PNC	ORDINARY FULLY PAID	9090909

Closing date for receipt of acceptances 13/5/2022

Proposed +issue date 19/5/2022

Refer to next page for full details of the announcementProposed issue of securities

1 / 8

Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

PIONEER CREDIT 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 ACN

Registration Number 103003505

1.3 ASX issuer code PNC

1.4 The announcement isNew announcement

1.5 Date of this announcement 19/4/2022

1.6 The Proposed issue is:

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

Proposed issue of securities

2 / 8

Proposed issue of securities

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

For personal use 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?

Yes

5A.1a Conditions

Approval/Condition +Security holder approval

Date for determination 12/5/2022

Is the date estimated or actual?

** Approval received/condition met?

Actual

Comments

Part 5B - Offer 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)?

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

Yes

Existing class

Details of +securities proposed to be issued

ASX +security code and description

PNC : ORDINARY FULLY PAID

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

9,090,909

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

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance

Proposed issue of securities

3 / 8

Proposed issue of securities

minimum number or value of +securities (i.e. a minimum acceptance condition)?

Yes

Is the minimum acceptance unit based or dollar based?

Unit based

For personal use only

Please enter the minimum acceptance value 10,000

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?

No

Offer price details

Has the offer price been determined?

Yes

In what currency will the offer be made?

What is the offer price per +security?

AUD 0.55000

AUD - Australian Dollar

Oversubscription & Scale back details

Will the entity be entitled to accept over-subscriptions?

No

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

In the event the Priority Offer is oversubscribed at the Closing Date, the Directors may, in their absolute discretion, scale back applications having regard to the size and duration of the Applicant's shareholding and the best interests of the Company as a whole. The Director's decision on this matter is final.

If the Company rejects or scales-back an application or purported application, the Company will promptly return to the Shareholder the relevant application monies, without interest.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Attaching +Security

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)?

New class

Proposed issue of securities

4 / 8

Proposed issue of securities

Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)

For personal use only

Details of attaching +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from ASX that the terms Will the entity be seeking quotation of the 'new' class ofof the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

ASX +security code

New class-code to be confirmed

Options

+Security type

Options

+securities on ASX?

Yes

+Security descriptionThe number of +securities to be offered under the +disclosure document or +PDS 29,727,270

Offer price details

Has the offer price been determined?

Yes

In what currency will the offer be made?

AUD - Australian Dollar

Oversubscription & Scale back detailsWill the entity be entitled to accept over-subscriptions?

No

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

What is the offer price per +security?

AUD 0.00000

In the event the Priority Offer is oversubscribed at the Closing Date, the Directors may, in their absolute discretion, scale back applications having regard to the size and duration of the Applicant's shareholding and the best interests of the Company as a whole. The Director's decision on this matter is final.

If the Company rejects or scales-back an application or purported application, the Company will promptly return to the Shareholder the relevant application monies, without interest.

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Proposed issue of securities

5 / 8