Proposed issue of securities
Announcement Summary
For personal use only
Entity name
DW8 LIMITED
Announcement Type
New announcement
Date of this announcement
29/7/2022
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 | Convertible Notes | 5,000,000 |
confirmed |
Proposed +issue date
4/8/2022
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
DW8 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 |
ACN | 086435136 | |
1.3 | ASX issuer code | |
DW8 |
- The announcement is New announcement
- Date of this announcement
29/7/2022
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
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 | Convertible Notes | |||||
For | ||||||
+Security type | ||||||
+Convertible debt securities | ||||||
Number of +securities proposed to be issued 5,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 1.00000
only | Will all the +securities issued in this class rank equally in all respects from | ||
their issue date? | |||
Yes | |||
+Convertible debt securities details | |||
use | These securities are: | Type of security | |
Convertible | Convertible note or bond | ||
+Security currency | Face value | ||
AUD - Australian Dollar | AUD 1.0000 | ||
Interest rate type | |||
personal | Fixed rate | ||
Frequency of coupon/interest | |||
payments per year | |||
No coupon/interest payments | |||
s128F of the Income Tax Assessment | |||
Act status applicable to the +security | |||
s128F exemption status unknown | |||
Is the +security perpetual (ie. no | Maturity date | ||
maturity date)? | 4/8/2024 | ||
No | |||
Select other features applicable to | |||
the +security | |||
For | None of the above | ||
Is there a first trigger date on which a | |||
right of conversion, redemption, call | |||
or put can be exercised (whichever is | |||
first)? | |||
No | |||
Details of the type of +security that will be issued if the securities are converted, transformed or | |||
exchanged | |||
DW8 : ORDINARY FULLY PAID | |||
Proposed issue of securities | 4 / 6 |
only
Proposed issue of securities
Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if applicable, any interest)
For illustrative purposes a maximum of 297,427,386 shares would be issued on conversion. Refer Section 7F.2 for further details outlining the assumptions raised.
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.
Refer to the ASX release entitled 'Strategic investor provides DW8 access of up to A$10m funding to accelerate Kaddy platform growth' released 29 July 2022.
Part 7C - Timetable
use
7C.1 Proposed +issue date
4/8/2022
Part 7D - Listing Rule requirements
For personal
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% placement capacity under listing rule 7.1?
297,427,386 equity securities
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)?
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? No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
Proposed issue of securities | 5 / 6 |
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Digital Wine Ventures Limited published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 00:03:11 UTC.