24 Nov

Update - Proposed issue of securities - ABR

Proposed issue of securities Proposed issue of securities 1 / 5 Update Summary Entity name AMERICAN PACIFIC BORATES LIMITED Announcement Type Update to previous announcement Date of this announcement 24/11/2021 Reason for update to a previous announcement Update required to fees previously disclosed. Refer to next page for full details of the announcement Proposed issue of securities Proposed issue of securities 2 / 5 Part 1 - Entity and announcement details 1.1 Name of +Entity AMERICAN PACIFIC BORATES 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 ABN Registration Number 68615606114 1.3 ASX issuer code ABR 1.4 The announcement is 1.4a Reason for update to a previous announcement Update required to fees previously disclosed. 1.4b Date of previous announcement to this update 23/11/2021 1.5 Date of this announcement 24/11/2021 1.6 The Proposed issue is: A placement or other type of issue Update/amendment to previous announcement Proposed issue of securities Proposed issue of securities 3 / 5 Part 7 - Details of proposed placement or other issue 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? Part 7B - Issue 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? Details of +securities proposed to be issued ASX +security code and description ABR : ORDINARY FULLY PAID Number of +securities proposed to be issued 17,619,048 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? In what currency is the cash consideration being paid? AUD - Australian Dollar What is the issue price per +security? AUD 2.10000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Yes No Existing class No Proposed issue of securities Proposed issue of securities 4 / 5 Part 7C - Timetable 7C.1 Proposed +issue date 26/11/2021 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? 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? 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? 17,619,048 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)? 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.2 Is the proposed issue to be underwritten? No No No No No No Yes No Proposed issue of securities Proposed issue of securities 5 / 5 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Company will pay a 3% broker fee on $30m of the total $37m raised. Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Funds will be used to strengthen ABR¿s balance sheet ahead of US listing, advance development of the Company¿s Integrated Boron Facility, and for general and corporate purposes 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No
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