Appendix 3B - Issue of Securities
Released
Released
Announcement PDF
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New Issue Announcement,
Application for Quotation of Additional
Securities and Agreement
Information or documents not available now must be given to ASX as soon as available.
Information and documents given to ASX become ASX’s property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of Entity
Immuron Limited (ASX: IMC)
ABN
80 063 114 045
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1
+Class of +securities issued or to be issued
a)
b)
c)
d)
Ordinary Shares (IMC)
Ordinary Shares (IMC)
Unlisted Options (NEW CLASS)
Convertible Note
2
Number of +securities issued or to be issued (if
known) or maximum number which may be issued
a)
b)
c)
d)
294,118
2,000,000
1,000,000
678,000
3
Principal terms of the +securities (e.g. if options,
exercise price and expiry date; if partly paid
+securities, the amount outstanding and due dates
for payment; if +convertible securities, the
conversion price and dates for conversion)
a) Fully Paid Ordinary Shares (IMC)
b) Fully Paid Ordinary Shares (IMC)
c) Unlisted Options exercisable at $0.570 per
th
option on or before 24 February 2019
(NEW CLASS).
d) $678,000 Face Value Convertible Note
repayable over an 18mth period settled at
the Company’s discretion by way of
either:
the issuance of new Shares at a 10%
discount to 5 day VWAP over the 20
days prior to a repayment date; or
a cash repayment of the due amount
plus a 2.5% premium.
+ See chapter 19 for defined terms.
04/03/2013
Appendix 3B Page 1
4
Do the +securities rank equally in all respects from
the +issue date with an existing +class of quoted
+securities?
a)
b)
c)
d)
If the additional +securities do not rank equally,
please state:
• the date from which they do
• the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
• the extent to which they do not rank equally,
other than in relation to the next dividend,
distribution or interest payment
Yes (IMC)
Yes (IMC)
Yes, upon exercise (IMC)
Yes, if shares are elected for repayment
(IMC)
5
Issue price or consideration
a) $0.34 per share
b) Nil consideration
c) Nil consideration
d) $600,000
6
Purpose of the issue
(If issued as consideration for the acquisition of
assets, clearly identify those assets)
a-d) Issue in accordance with executed
funding agreement with a New York
based Investment fund provider
th
announced to the ASX on 17 Feb 2016.
6a
Is the entity an +eligible entity that has obtained
security holder approval under rule 7.1A?
Yes
If Yes, complete sections 6b – 6h in relation to the
+securities the subject of this Appendix 3B, and
comply with section 6i
th
6b
The date the security holder resolution under rule
7.1A was passed
Wednesday, 25 November 2015
6c
Number of +securities issued without security holder
approval under rule 7.1
a)
b)
c)
d)
6d
Number of +securities issued with security holder
approval under rule 7.1A
Nil
6e
Number of +securities issued with security holder
approval under rule 7.3, or another specific security
holder approval (specify date of meeting)
Nil
6f
Number of +securities issued under an exception in
rule 7.2
Nil
6g
If +securities issued under rule 7.1A, was issue price
at least 75% of 15 day VWAP as calculated under rule
7.1A.3? Include the +issue date and both values.
Include the source of the VWAP calculation.
N/A
+ See chapter 19 for defined terms.
04/03/2013
294,118 Ordinary Fully Paid Shares
2,000,000 Ordinary Fully Paid Shares
1,000,000 Unlisted Options
678,000 Convertible Notes
Appendix 3B Page 2
6h
If +securities were issued under rule 7.1A for noncash consideration, state date on which valuation of
consideration was released to ASX Market
Announcements
N/A
6i
Calculate the entity’s remaining issue capacity under
rule 7.1 and rule 7.1A – complete Annexure 1 and
release to ASX Market Announcements
Refer to the attached Appendix 1
7
+Issue dates
Wednesday, 24 February 2016
th
Note: The issue date may be prescribed by ASX (refer to the definition of
issue date in rule 19.12). For example, the issue date for a pro rata
entitlement issue must comply with the applicable timetable in Appendix
7A.
Cross reference: item 33 of Appendix 3B.
8
Number and +class of all +securities quoted
on ASX (including the +securities in section 2
if applicable)
Number
+Class
76,715,391
Fully Paid Ordinary Shares (IMC)
2,000,000
Fully Paid Ordinary Shares (IMC) held in
escrow as security for any repayment
default of the Convertible Loan.
These will either be purchased by the
Investor or cancelled at end of
agreement.
9
Number and +class of all +securities not
quoted on ASX (including the +securities in
section 2 if applicable)
Qty
Amount
2,972,763
793,650
$0.276
30 Jun 2016
IMCAI
1,250,000
$0.456
4 Dec 2016
IMCAI
62,500
$1.556
1 Nov 2017
IMCSO2
14,493
$1.944
30 Nov 2021
IMCRM1
29,668
$1.876
17 Jan 2022
IMCRM2
15,380
$1.892
28 Feb 2019
IMCAI
140,056
$0.300
28 May 2019
IMCAI
6,000,000
$0.500
27 Nov 2019
IMCAI
$0.570
24 Feb 2019
NEW
1,000,000
12,278,510
Qty
678,000
10
Dividend policy (in the case of a trust, distribution
policy) on the increased capital (interests)
+ See chapter 19 for defined terms.
04/03/2013
+Class (Options over Ordinary Shares)
Exercise
Expiration
ASX
Price
Date
Code
$0.376
31 Mar 2016
IMCAI
Total
+Class (Convertible Notes)
$678,000 Face Value Convertible Note
repayable over an 18mth period
settled at the Company’s discretion by
way of either:
- the issuance of new Shares at a
10% discount to 5 day VWAP over
the 20 days prior to a repayment
date; or
- a cash repayment of the due
amount plus a 2.5% premium.
Unchanged
Appendix 3B Page 3
Part 2 - Pro rata issue
11
Is security holder approval required?
12
Is the issue renounceable or non-renounceable?
13
Ratio in which the +securities will be offered
14
+Class of +securities to which the offer relates
15
+Record date to determine entitlements
16
Will holdings on different registers (or subregisters)
be aggregated for calculating entitlements?
17
Policy for deciding entitlements in relation to
fractions
18
Names of countries in which the entity has security
holders who will not be sent new offer documents
Note: Security holders must be told how their entitlements are to be dealt
with.
Cross reference: rule 7.7.
19
Closing date
renunciations
for
receipt
20
Names of any underwriters
21
Amount of any underwriting fee or commission
22
Names of any brokers to the issue
23
Fee or commission payable to the broker to the issue
24
Amount of any handling fee payable to brokers who
lodge acceptances or renunciations on behalf of
security holders
25
If the issue is contingent on security holders’
approval, the date of the meeting
26
Date entitlement and acceptance form and offer
documents will be sent to persons entitled
27
If the entity has issued options, and the terms entitle
option holders to participate on exercise, the date
on which notices will be sent to option holders
28
Date rights trading will begin
(if applicable)
+ See chapter 19 for defined terms.
04/03/2013
of
acceptances
or
Appendix 3B Page 4
29
Date rights trading will end
(if applicable)
30
How do security holders sell their entitlements in full
through a broker?
31
How do security holders sell part of their
entitlements through a broker and accept for the
balance?
32
How do security holders dispose
entitlements
(except by sale through a broker)?
33
+Issue date
of
their
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34
Type of +securities
(tick one)
(a)
+Securities described in Part 1
(b)
All other +securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share
securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
35
If the +securities are +equity securities, the names of the 20 largest holders of the additional
+securities, and the number and percentage of additional +securities held by those holders
36
If the +securities are +equity securities, a distribution schedule of the additional +securities
setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37
A copy of any trust deed for the additional +securities
+ See chapter 19 for defined terms.
04/03/2013
Appendix 3B Page 5
Entities that have ticked box 34(b)
38
Number of +securities for which +quotation is sought
39
+Class of +securities for which quotation is sought
40
Do the +securities rank equally in all respects from
the +issue date with an existing +class of quoted
+securities?
If the additional +securities do not rank equally,
please state:
• the date from which they do
• the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
• the extent to which they do not rank equally,
other than in relation to the next dividend,
distribution or interest payment
41
Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another +security,
clearly identify that other +security)
Number
42
+Class
Number and +class of all +securities quoted on ASX
(including the +securities in clause 38)
+ See chapter 19 for defined terms.
04/03/2013
Appendix 3B Page 6
Quotation agreement
1
+Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities
on any conditions it decides.
2
We warrant the following to ASX.
•
The issue of the +securities to be quoted complies with the law and is not for an illegal
purpose.
•
There is no reason why those +securities should not be granted +quotation.
•
An offer of the securities for sale within 12 months after their issue will not require
disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
+
Note: An entity may need to obtain appropriate warranties from subscribers for the securities
in order to be able to give this warranty
•
•
Section 724 or section 1016E of the Corporations Act does not apply to any applications
received by us in relation to any +securities to be quoted and that no-one has any right to
return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act
at the time that we request that the +securities be quoted.
If we are a trust, we warrant that no person has the right to return the +securities to be
quoted under section 1019B of the Corporations Act at the time that we request that the
+securities be quoted.
3
We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense
arising from or connected with any breach of the warranties in this agreement.
4
We give ASX the information and documents required by this form. If any information or document is
not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge
that ASX is relying on the information and documents. We warrant that they are (will be) true and
complete.
Sign here:
________________________
Company Secretary & CFO
Print name:
Peter Vaughan
th
Date: Wednesday, 24 February 2016
The CFO Solution
Wednesday 24th February 2016
+ See chapter 19 for defined terms.
04/03/2013
Appendix 3B Page 7
Appendix 3B – Annexure 1
Calculation of placement capacity under rule 7.1
and rule 7.1A for eligible entities
Introduced 01/08/12 Amended 04/03/13
Part 1
Rule 7.1 – Issues exceeding 15% of capital
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
Insert number of fully paid +ordinary securities on issue 12
months before the +issue date or date of agreement to
issue
74,964,232
Add the following:
• Number of fully paid +ordinary securities issued in that
12 month period under an exception in rule 7.2
1,457,041 (LR 7.3)
• Number of fully paid +ordinary securities issued in that
12 month period with shareholder approval
• Number of partly paid +ordinary securities that
became fully paid in that 12 month period
Note:
• Include only ordinary securities here – other classes of
equity securities cannot be added
• Include here (if applicable) the securities the subject of
the Appendix 3B to which this form is annexed
• It may be useful to set out issues of securities on
different dates as separate line items
Subtract the number of fully paid +ordinary securities
cancelled during that 12 month period
Nil
“A”
76,421,273
Step 2: Calculate 15% of “A”
“B”
0.15
[Note: this value cannot be changed]
Multiply “A” by 0.15
+ See chapter 19 for defined terms.
04/03/2013
11,463,191
Appendix 3B Page 8
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already
been used
Insert number of +equity securities issued or agreed to be
issued in that 12 month period not counting those issued:
3,294,118
• Under an exception in rule 7.2
• Under rule 7.1A
• With security holder approval under rule 7.1 or rule
7.4
Note:
• This applies to equity securities, unless specifically excluded – not just
ordinary securities
• Include here (if applicable) the securities the subject of the Appendix
3B to which this form is annexed
• It may be useful to set out issues of securities on different dates as
separate line items
“C”
3,294,118
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under
rule 7.1
“A” x 0.15
11,463,191
Note: number must be same as shown in Step 2
Subtract “C”
3,294,118
Note: number must be same as shown in Step 3
Total [“A” x 0.15] – “C”
8,169,073
[Note: this is the remaining placement capacity
under rule 7.1]
+ See chapter 19 for defined terms.
04/03/2013
Appendix 3B Page 9
Part 2
Rule 7.1A – Additional placement capacity for eligible entities
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
“A”
76,421,273
Note: number must be same as shown in Step 1 of Part 1
Step 2: Calculate 10% of “A”
“D”
0.10
Note: this value cannot be changed
Multiply “A” by 0.10
7,642,127
Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has
already been used
Insert number of +equity securities issued or agreed to be
issued in that 12 month period under rule 7.1A
Nil
Notes:
• This applies to equity securities – not just ordinary securities
• Include here – if applicable – the securities the subject of the
Appendix 3B to which this form is annexed
• Do not include equity securities issued under rule 7.1 (they must be
dealt with in Part 1), or for which specific security holder approval
has been obtained
• It may be useful to set out issues of securities on different dates as
separate line items
“E”
Nil
Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under
rule 7.1A
“A” x 0.10
7,642,127
Note: number must be same as shown in Step 2
Subtract “E”
Nil
Note: number must be same as shown in Step 3
Total [“A” x 0.10] – “E”
7,642,127
[Note: this is the remaining placement capacity
under rule 7.1A]
+ See chapter 19 for defined terms.
04/03/2013
Appendix 3B Page 10
ASX ANNOUNCEMENT
Notice Under Section 708A(5) of the Corporations Act
[ASX Code: IMC]
th
Wednesday 24 February 2016
This notice is given under paragraph (5)(e) of section 708A of the Corporations Act.
Type:
Shares
Shares
Options
Convertible Note
Class/Description:
Ordinary Fully Paid
Ordinary Fully Paid
Unlisted Options
exercisable at $0.570
per option on or
th
before 24 Feb 2019.
N/A
ASX Code:
IMC
IMC
NEW CLASS
N/A
th
th
th
th
Date of Issue:
24 Feb 2016
24 Feb 2016
24 Feb 2016
24 Feb 2016
Number Issued:
294,118
2,000,000
1,000,000
N/A
Issue Price:
$0.34
Nil Consideration
Nil Consideration
$600,000
The Company intends to apply to Australian Stock Exchange Limited for quotation of the above shares.
Accordingly the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the
"Corporations Act") that:
1.
the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of
the Corporations Act;
2.
3.
as at the date of this notice the Company has complied with:
(i)
the provisions of Chapter 2M Corporations Act as they apply to the Company; and
(ii)
section 674 Corporations Act; and
as at the date of this notice there is no "excluded information" (as defined in subsection 708A(7) of the
Corporations Act) which is required to be disclosed by the Company.
For and on behalf of the Company,
Peter Vaughan
Company Secretary
+ See chapter 19 for defined terms.
04/03/2013
Appendix 3B Page 11
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