Beam Communications : Proposed issue of securities - BCC
BCC.AX
Proposed issue of securities
Announcement Summary
For personal use only
Entity name
BEAM COMMUNICATIONS HOLDINGS LIMITED
Announcement Type
New announcement
Date of this announcement
23/11/2021
The Proposed issue is:
A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
Maximum Number of
ASX +security code
+Security description
+securities to be issued
New class-code to be
Unquoted options exercisable at $1.00 per option and
500,000
confirmed
expiring on 1 December 2023
Proposed +issue date
1/12/2021
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
BEAM COMMUNICATIONS HOLDINGS 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
Registration Number
ABN
39010568804
1.3
ASX issuer code
BCC
23/11/2021
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities
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Proposed issue of securities
Part 7 - Details of proposed placement or other issue
only
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?
use
No
Part 7B - Issue details
Is the proposed security a 'New
Will the proposed issue of this
class' (+securities in a class that is
+security include an offer of
not yet quoted or recorded by ASX)
attaching +securities?
personal
or an 'Existing class' (additional
No
securities in a class that is already
quoted or recorded by ASX)?
New class
Details of +securities proposed to be issued
ISIN Code (if Issuer is a 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
Unquoted options exercisable at $1.00 per option and expiring on 1 December
For
2023
+Security type Options
Number of +securities proposed to be issued 500,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Proposed issue of securities
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Proposed issue of securities
Please describe the consideration being provided for the +securities
Options offered to lead manager/broker for arranging placement of ordinary shares in BCC
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
only
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
use
+Security currency
Exercise price
Expiry date
AUD - Australian Dollar
AUD 1.0000
1/12/2023
Details of the type of +security that will be issued if the option is exercised
BCC : ORDINARY FULLY PAID
personal
Number of securities that will be issued if the option is exercised
1/12/2021
1 fully paid ordinary share (ASX:BCC)
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.
Part 7C - Timetable
For
7C.1 Proposed +issue date
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? No
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?
Yes
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%
Proposed issue of securities
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Proposed issue of securities
placement capacity under listing rule 7.1?
500,000
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)?
only
No
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
use
No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
Yes
personal
7E.1a Who is the lead manager/broker?
Peak Asset Management
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
This issue is part of the fee payable being 500,000 options exercisable at $1.00 per option expiring on 1 December 2023
7E.2 Is the proposed issue to be underwritten?
No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
None
For
Pa t 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
This issue is for options to the lead manager/broker for arranging the placement of ordinary shares in BCC
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No
7F.2 Any other information the entity wishes to provide about the proposed issue
None
Proposed issue of securities
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Disclaimer
Beam Communications Holdings Limited published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 08:28:05 UTC.