Collaborate : 19/11/20 - Proposed Issue of Securities

Proposed issue of securities

Update Summary

Entity name

COLLABORATE CORPORATION LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

Thursday November 19, 2020

Reason for update to a previous announcement

Shareholder approval received for issue of unquoted Executive Options

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

1.1 Name of +Entity

COLLABORATE CORPORATION 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.

1.2	Registered Number Type	Registration Number
ACN	066153982
1.3	ASX issuer code
CL8

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Shareholder approval received for issue of unquoted Executive Options

1.4b Date of previous announcement(s) to this update

Tuesday October 20, 2020

1.5 Date of this announcement

Thursday November 19, 2020

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

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue?

+Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity

Yes

7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
+Security holder approval	Thursday November 19,	actual?	received/condition met?
Actual
	2020	Yes
Comments

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)?

New class

Will the proposed issue of this +security include an offer of attaching +securities?

No

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 ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

Yes

ASX +security code

New class-code to be confirmed

Will the entity be seeking quotation of the 'new' class of +securities on ASX?

No

+Security description

Unquoted executive options

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Proposed issue of securities

+Security type

Options

Number of +securities proposed to be issued

40,500,000

Reason for the update of 'Maximum Number of +securities proposed to be issued

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

The primary purpose of the issue of the Executive Options to Mr Noone (or his nominee) is to provide a performance linked long-term incentive component in his remuneration packages to motivate and reward his performance in his role as CEO and Executive Director

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

133,650.000000

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Options details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.0150	Wednesday November 19, 2025

Details of the type of +security that will be issued if the option is exercised

CL8 : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

One fully paid ordinary share (ASX:CL8)

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.

Terms and conditions of options provided in ASX release on 20 October 2020

Part 7C - Timetable

Proposed issue of securities

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