Notification of Consolidation/Split
Announcement Summary
Entity name
COLLABORATE CORPORATION LIMITED
Applicable security for the reorganisation
CL8 | ORDINARY FULLY PAID |
CL8AP | OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES |
CL8AQ | OPTION EXPIRING 18-DEC-2020 EX 1.5C |
CL8AR | OPTION EXPIRING 16-MAR-2023 EX 1C |
CL8AS | OPTION EXPIRING 11-MAY-2023 EX 1C |
CL8AT | OPTION EXPIRING 01-SEP-2023 EX 1C |
CL8AV | OPTION EXPIRING 31-OCT-2022 EX $0.015 |
Announcement Type
Update to previous announcement
Date of this announcement
Friday November 20, 2020
Reason for the Update
Shareholder approval received for consolidation of capital
Refer to below for full details of the announcement
Notification of Consolidation/Split | 1 / 6 |
Notification of Consolidation/Split
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
COLLABORATE CORPORATION LIMITED
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 consolidation of capital
1.4b Date of previous announcement(s) to this update
Tuesday October 20, 2020
1.5 Date of this announcement
Friday November 20, 2020
1.6 Securities affected by the consolidation or split
ASX +Security Code | ASX +Security Description |
CL8 | ORDINARY FULLY PAID |
CL8AP | OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES |
CL8AQ | OPTION EXPIRING 18-DEC-2020 EX 1.5C |
CL8AR | OPTION EXPIRING 16-MAR-2023 EX 1C |
CL8AS | OPTION EXPIRING 11-MAY-2023 EX 1C |
Notification of Consolidation/Split | 2 / 6 |
Notification of Consolidation/Split
CL8AT | OPTION EXPIRING 01-SEP-2023 EX 1C |
CL8AV | OPTION EXPIRING 31-OCT-2022 EX $0.015 |
Part 2 - Approvals
2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable? Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.
Yes
2.2 Approvals | |
Approval/Condition | Date for determination |
+Security holder approval | Thursday November 19, |
2020 |
Is the date estimated or actual?
Actual
Approval received/condition met?
Yes
Comments
Part 3 - Consolidation or split timetable and details
3.1 +Record date
Wednesday November 25, 2020
3.2 Date of +security holder meeting
Thursday November 19, 2020
3.2a Effective date of consolidation or split
Friday November 20, 2020
3.3 Last day for trading in the pre consolidation or split +securities
Monday November 23, 2020
3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.
Tuesday November 24, 2020
3.5 Record date
Wednesday November 25, 2020
Notification of Consolidation/Split | 3 / 6 |
Notification of Consolidation/Split
3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.
Thursday November 26, 2020
3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)
Wednesday December 2, 2020
3.8 Trading starts on a normal T+2 basis
Thursday December 3, 2020
3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
Monday December 7, 2020
Part 4 - Event type and details
4.1 The event is
+Security consolidation
4.1a Consolidation ratio: the +securities will be consolidated on the basis that every
25
(pre-consolidation) +securities will be consolidated into
1
(post-consolidation) +security (/ies).
4.2 Scrip fraction rounding
Fractions rounded down to the nearest whole number or fractions disregarded
Part 5 - +Securities on issue before and after consolidation or split
5.1 +Securities on issue before and after the consolidation or split | |||
ASX +Security Code | ASX +Security Description | ||
CL8 | ORDINARY FULLY PAID | ||
Quoted/unquoted | Number on issue pre | Number on issue post | Estimate/Actual |
Quoted | consolidation or split | consolidation or split | Estimated |
1,151,752,495 | 46,070,100 | ||
ASX +Security Code | ASX +Security Description | ||
CL8AP | OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES |
Notification of Consolidation/Split | 4 / 6 |
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Collaborate Corporation Limited published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 04:18:03 UTC