Structural Monitoring : Update - Proposed issue of securities - SMN
SMN.AX
Proposed issue of securities
Update Summary
For personal use only
Entity name
STRUCTURAL MONITORING SYSTEMS PLC
Announcement Type
Update to previous announcement
Date of this announcement
29/11/2021
Reason for update to a previous announcement
Amendment to timetable
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
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Amendment to timetable
1.4b Date of previous announcement to this update
21/10/2021
1.5 Date of this announcement
29/11/2021
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is: + Non-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?
Yes
use
3A.1a Conditions
Approval/Condition
Date for determination
Is the date estimated or
** Approval
+Security holder approval
25/11/2021
actual?
received/condition met?
Estimated
Comments
personal
P rt 3B - Offer details
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities
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
For
securities in a class that is already
quoted or recorded by ASX)?
Existing class
Details of +securities proposed to be issued
ASX +security code and description
SMN : CHESS DEPOSITARY INTERESTS 1:1
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Proposed issue of securities
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Proposed issue of securities
ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)
For personal use only
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities
For a given quantity of +securities
to be issued
held
1
8
What will be done with fractional
Maximum number of +securities
entitlements?
proposed to be issued (subject to
rounding)
Fractions rounded up to the next
13,698,630
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?
AUD - Australian Dollar
AUD 0.73000
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?
Yes
Describe the scale back arrangements
The Rights Issue is subject to SMN's discretion to scale back applications (if necessary)
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Proposed issue of securities
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Proposed issue of securities
Part 3C - Timetable
personal use only
3C.1 +Record date
13/1/2022
3C.2 Ex date
12/1/2022
3C.4 Record date
13/1/2022
3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue
14/1/2022
3C.6 Offer closing date
25/1/2022
3C.7 Last day to extend the offer closing date
20/1/2022
3C.9 Trading in new +securities commences on a deferred settlement basis
27/1/2022
3C.11 +Issue date and last day for entity to announce results of +pro rata issue
28/1/2022
3C.12 Date trading starts on a normal T+2 basis
31/1/2022
3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis
2/2/2022
Part 3E - Fees and expenses
For
3E.1 Will there be a lead manager or broker to the proposed offer? No
3E.2 Is the proposed offer to be underwritten? No
Proposed issue of securities
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Structural Monitoring Systems plc published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 08:29:11 UTC.