The prospectus accessible on this page (Prospectus) contains an offer (Offer) of loyalty-based Options (Loyalty Options) on the basis of one (1) Option for every ten (10) Shares issued to those investors who either:
participated in the Company’s share purchase plan which closed on Friday, 24 May 2019 (SPP); or
took part in the private placement announced on 12 April 2019, up to a maximum of 136,363 Loyalty Options per investor (Private Placement).
The Prospectus is an important document that should be read in its entirety. If you do not understand it, you should consult your professional adviser without delay. The Prospectus is dated 23 July 2019 and was lodged with the Australian Securities and Investments Commission on that date. Neither ASIC nor ASX takes any responsibility for the contents of the Prospectus. No securities will be allotted on the basis of the Prospectus later than thirteen (13) months after the date of issue of the Prospectus.
The Prospectus does not constitute an offer in any place in which, or to any person to whom, it will not be lawful to make such an offer. No action has been taken to lodge, register, or file the Prospectus in any jurisdiction outside Australia. The distribution of this Prospectus outside Australia may be restricted by law and persons who come into possession of this Prospectus outside should seek advice on and observe any such restrictions.
No person named in the Prospectus, nor any other person, guarantees the performance of the Company, the repayment of capital or the payment of a return on the Loyalty Options or any Shares which may be issued on their exercise. The information in the Prospectus does not constitute a securities recommendation or financial product advice. In preparing the Prospectus, the Company has not taken into account the investment objectives, financial situation or particular needs of any particular person.
Eligible Investors / Foreign Shareholders
The Prospectus relates to an issue of unlisted options to Eligible Investors, if those Eligible Investors were either:
issued Shares (the SPP Shares) pursuant to the Company’s share purchase plan which opened on Wednesday, 1 May 2019 and closed on Friday, 24 May 2019 (the SPP); or
issued Shares (the Placement Shares) pursuant to the placement made to sophisticated and professional investors announced by the Company on 12 April 2019.
For the purposes of the Offer, an Eligible Investor is a current or former Shareholder who has an address in any of Australia, New Zealand, Hong Kong, Singapore, the United Kingdom or any other jurisdiction where in the reasonable opinion of the Company it is lawful and practical for the Company to offer and issue Loyalty Options under the Prospectus.
Paper copies of the Prospectus may be obtained by contacting the Company.
The Prospectus has been prepared in accordance with Section 713 of the Corporations Act.