BluGlass : Proposed Constitution Oct 2022

2022

CORPORATIONS ACT 2001

CONSTITUTION

OF

BLUGLASS LIMITED

ABN 20 116 825 793

For adoption by Special Resolution of the members on or about 4 October 2022

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Table of Contents
1.	Interpretation ............................................................................................................	4
2.	Share capital and variation of rights ..........................................................................	8
3.	Minimum Shareholding ...........................................................................................	11
4.	Uncertificated holdings and electronic transfers ......................................................	14
5.	Lien ........................................................................................................................	15
6.	Calls on Shares ......................................................................................................	17
7.	Forfeiture of Shares ................................................................................................	19
8.	Transfer of Shares ..................................................................................................	20
9.	Transmission of Shares ..........................................................................................	23
10.	Changes to capital structure ...................................................................................	24
11.	Written Resolutions.................................................................................................	25
12.	General Meetings ...................................................................................................	25
13.	Proceedings at General Meetings...........................................................................	28
14.	The Directors ..........................................................................................................	35
15.	Powers and duties of Directors ...............................................................................	38
16.	Proceedings of Directors.........................................................................................	39
17.	Meeting by instantaneous communication device ...................................................	43
18.	Managing and Executive Directors and Secretaries................................................	44
19.	Seals ......................................................................................................................	45
20.	Accounts, audit and records ...................................................................................	46
21.	Minutes...................................................................................................................	46
22.	Dividends and reserves ..........................................................................................	47

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23.	Capitalisation of profits ...........................................................................................	49
24.	Bonus Share Plan...................................................................................................	50
25.	Dividend reinvestment plan.....................................................................................	50
26.	Notices ...................................................................................................................	50
27.	Winding Up .............................................................................................................	53
28.	Indemnities and insurance ......................................................................................	53
29.	Directors' access to information ..............................................................................	55
30.	Overseas shareholders...........................................................................................	55
31.	Local management .................................................................................................	55
32.	Discovery................................................................................................................	56
33.	Compliance (or inconsistency) with the Listing Rules..............................................	56
34.	Consistency with Chapter 2E of the Corporations Act .............................................	57
35.	Inadvertent omissions.............................................................................................	57
36.	Partial takeover plebiscites .....................................................................................	57
37.	Transitional .............................................................................................................	59

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1. Interpretation

1.1 Definitions

In this Constitution:

Alternate Director means a person appointed as an alternate director under clause 16.7.

ASIC means Australian Securities and Investments Commission.

ASX means ASX Limited (ACN 008 624 691) or the Australian Securities Exchange, as the context requires.

ASX Settlement means ASX Settlement Pty Ltd (ACN 008 504 532).

ASX Settlement Operating Rules means the operating rules of ASX Settlement.

ASX Settlement Transfer means a transfer of quoted securities or quoted rights effected in:

1. accordance with the ASX Settlement Operating Rules; or
2. substantial accordance with the ASX Settlement Operating Rules and determined by ASX Settlement to be an effective transfer.

Auditor means the Company's auditor.

Bonus Share Plan means a plan implemented under clause 24.

Business Day means a day other than a Saturday, a Sunday, New Year's Day, Australia Day, Good Friday, Easter Monday, Anzac Day, Christmas Day, Boxing Day and any other day declared and published by ASX to be a day which is not a business day.

CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules, or such amended definition as may be prescribed by the Listing Rules from time to time.

CHESS System means the Clearing House Electronic Subregister System operated by ASX Settlement or such other securities clearing house as is approved pursuant to the Corporations Act and to which the Listing Rules apply.

Company means Blueglass Limited or as it is from time to time named in accordance with the Corporations Act of this jurisdiction.

Constitution means this Constitution as altered or amended from time to time.

Corporations Act means the Corporations Act 2001 (Cth).

Corporations Regulations means the Corporations Regulations 2001 (Cth).

Director means a person appointed to the position of a director of the Company and where appropriate, includes an Alternate Director.

Directors means all or some of the Directors acting as a board.

Dividend Reinvestment Plan means a plan implemented under clause 25.

Duty means any transfer, transaction or registration duty or similar charge imposed by any Government Authority and includes any interest, fine, penalty, charge or other amount imposed in respect of any of them.

Government Authority means a government or government department, a governmental or semi-governmental or judicial person (whether autonomous or not) charged with the administration of any applicable law.

Home Branch means the state branch of ASX designated as such in relation to the Company by ASX.

Listed Securities means any Shares, Share Options, stock, debentures, debenture stock or other securities for the time being issued by the Company and officially quoted by ASX on its stock market.

Listing Rules means the listing rules of ASX and any other rules of ASX which are applicable while the Company is admitted to the official list of ASX, each as amended or replaced from time to time, except to the extent of any express written waiver by ASX.

Loan Securities includes:

1. unsecured notes or unsecured deposit notes;
2. mortgage debentures or mortgage debenture stock;
3. debentures or debenture stock; and
4. for the purposes of the Listing Rules, convertible loan securities.

Office means the registered office of the Company.

Officer means any Director or Secretary of the Company or such other person within the meaning of that term as defined by the Corporations Act.

Official List means the Official List of the ASX.

Prescribed Rate means the interest rate which is 2% above the Reserve Bank of Australia cash rate as published or quoted from time to time, or such other rate as may from time to time be fixed by the Directors, calculated daily.

Registered Office means the registered office of the Company from time to time.

Register of Shareholders means the register of Shareholders kept by the Company in accordance with section 169 of the Corporations Act (including any branch register and any computerised or electronic subregister established and administered under the ASX Settlement Operating Rules).

Related Body Corporate means a corporation which by virtue of the provisions of section 50 of the Corporations Act is deemed to be related to the relevant corporation and related has a corresponding meaning.

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