Structural Monitoring : Cancel - Proposed issue of securities - SMN

Proposed issue of securities

Cancellation Summary

For personal use only

Entity name

STRUCTURAL MONITORING SYSTEMS PLC

Announcement Type

Cancellation of previous announcement

Date of this announcement

27/1/2022

Reason for cancellation of previous announcement

Cancellation of existing renounceable offer announced 11 January 2022 Please refer to announcement to follow.

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

STRUCTURAL MONITORING SYSTEMS PLC

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
ARBN	106307322
1.3	ASX issuer code
SMN

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement

Cancellation of existing renounceable offer announced 11 January 2022

Please refer to announcement to follow.

1.4d Date of previous announcement to this cancellation

11/1/2022

1.5 Date of this announcement

27/1/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is: + Renounceable

Proposed issue of securities

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Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

only
	Part 3A - Conditions
		3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can
		proceed on an unconditional basis?
use		No
	Part 3B - Offer details
			Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
personal		proposed to be issued
	ASX +security code and description
			SMN : CHESS DEPOSITARY INTERESTS 1:1
			Is the proposed security a 'New		Will the proposed issue of this	If the entity has quoted company
			class' (+securities in a class that is		+security include an offer of	options, do the terms entitle option
			not yet quoted or recorded by ASX)		attaching +securities?	holders to participate on exercise?
			or an 'Existing class' (additional		No	No
			securities in a class that is already
			quoted or recorded by ASX)?
			New class
	D	tails of +securities proposed to be issued
			ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
For		ISIN Code for the tradable rights created under a renounceable right issue
	(if Issuer is 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
			ASX +security code		+Security description
			New class-code to be confirmed		Unlisted Options (exercise 90 cents, expiry 31/01/2024)

Proposed issue of securities

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Proposed issue of securities

+Security type

Options

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

only	The quantity of additional +securities	For a given quantity of +securities
to be issued	held
1	10
	What will be done with fractional	Maximum number of +securities
	entitlements?	proposed to be issued (subject to
		rounding)
	Fractions rounded up to the next	12,277,143
use	whole number
Offer price details for retail security holders
	In what currency will the offer be	What is the offer price per +security
	made?	for the retail offer?
personal	AUD - Australian Dollar	AUD 0.10000
Oversubscription & Scale back details
	Will individual +security holders be permitted to apply for more than their
	entitlement (i.e. to over-subscribe)?
	No
	Will a scale back be applied if the offer is over-subscribed?
	No
	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 0.9000	31/1/2024

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

SMN : CHESS DEPOSITARY INTERESTS 1:1

Proposed issue of securities

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Proposed issue of securities

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

One fully paid ordinary share (ASX:SMN)

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
	Part 3C - Timetable
use	3C.1	+Record date
25/1/2022
		3C.2	Ex date
		24/1/2022
		3C.3	Date rights trading commences
personal	24/1/2022
3C.4	Record date
		25/1/2022
		3C.5	Date on which offer documents will be sent to +security holders
		entitled to participate in the +pro rata issue
		28/1/2022
		3C.6	Offer closing date
		8/2/2022
		3C.7	Last day to extend the offer closing date
		3/2/2022
		3C.8	Date rights trading ends
For	3C.9	Trading in new +securities commences on a deferred settlement basis
3C.11 +Issue date and last day for entity to announce results of +pro rata
		issue
		15/2/2022
		3C.12 Date trading starts on a normal T+2 basis
		16/2/2022
		3C.13 First settlement date of trades conducted on a +deferred settlement
		basis and on a normal T+2 basis
		18/2/2022
	Proposed issue of securities	5 / 7