Smartgroup : Update - Notification of buy-back - SIQ

Notification of buy-back

Announcement Summary

For personal use only

Name of entity

SMARTGROUP CORPORATION LTD

Announcement type

Update announcement

Type of update

Daily buy-back notification

Date of this announcement

3/3/2022

Reason for update

Daily buy-back notification

ASX Security code and description of the class of +securities the subject of the buy-back

SIQ : ORDINARY FULLY PAID

The type of buy-back is:

Employee share scheme buy-back

Total number of +securities bought back before previous day

0

Total number of +securities bought back on previous day

655,666

Refer to next page for full details of the announcement

Notification of buy-back

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Notification of buy-back

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

SMARTGROUP CORPORATION LTD

We (the entity named above) provide the following information about our buy-back.

1.2	Registration number type	Registration number
ABN	48126266831
1.3	ASX issuer code
SIQ

1.4 The announcement is

Update/amendment to previous announcement

1.4a Type of update

Daily buy-back notification

1.4b Reason for update

Daily buy-back notification

1.4c Date of initial notification of buy-back

18/2/2022

1.4d Date of previous announcement to this update

18/2/2022

1.5 Date of this announcement

3/3/2022

1.6 ASX Security code and description of the class of +securities the subject of the buy-back

SIQ : ORDINARY FULLY PAID

Notification of buy-back

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Notification of buy-back

Part 2 - Type of buy-back

2.1 The type of buy-back is:

Employee share scheme buy-back

For personal use only

Notification of buy-back

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Notification of buy-back

	Part 3 - Buy-back details
	Part 3A - Details of +securities, price and reason
only	3A.1 Total number of +securities on issue in the class of
+securities to be bought back
133,498,979
3A.2 Total number of +securities proposed to be bought
use	back
655,666
3A.9 Are the +securities being bought back for a cash consideration?
		Yes
		3A.9a Is the price to be paid for +securities bought back known?
		Yes
		3A.9a.1 In what currency will the buy-back consideration	3A.9a.2 Buy-back price per +security
		be paid?
		AUD - Australian Dollar	7.48000000
	Part 3B - Buy-back restrictions and conditions
personal
For	3B.1 Does the buy-back require security holder
approval?
No
3B.3 Are there any other conditions that need to be
satisfied before the buy-back offer becomes

unconditional? No

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Notification of buy-back

Part 3C - Key dates

		Employee Share Scheme, Selective and Other Buy-Backs
only	3C.1 Anticipated date buy-back will occur
2/3/2022
use
	Part 3D - Other Information
		3D.1 Any other information the entity wishes to notify to ASX about the buy-back
personalFor	The shares being bought back were issued to employees under the Company's Loan Funded Share Plan (LFSP) in 2019
as long term incentives subject to certain vesting conditions. The Board has determined that none of these shares will
		vest. Under the terms of the LFSP, shares that do not vest are forfeited by the employee and bought back by the
		Company, with the proceeds applied to offset the loan taken out by the employee to acquire the shares.

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