Exhibit 99.1
Proposed issue of securities |
Announcement Summary
Entity name
ALTERITY THERAPEUTICS LIMITED
Announcement Type
New announcement
Date of this announcement
Friday October 16, 2020
The Proposed issue is:
þ A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
ASX +security code | +Security description | Maximum Number of +securities to be issued |
n/a | Attaching options | 674,694,939 |
ATH | ORDINARY FULLY PAID | 674,694,939 |
Proposed +issue date
Tuesday November 24, 2020
Refer to next page for full details of the announcement
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Proposed issue of securities |
Part 1 - Entity and announcement details
1.1 Name of +Entity
ALTERITY THERAPEUTICS 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 |
ABN | 37080699065 |
1.3 ASX issuer code
ATH
1.4 The announcement is
þ New announcement
1.5 Date of this announcement
Friday October 16, 2020
1.6 The Proposed issue is:
þ A placement or other type of issue
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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 |
þ Yes
7A.1a Conditions
Approval/Condition | Date for determination | Is the date estimated or actual? | ** Approval received/condition met? | |||
+Security holder approval | Wednesday November 18, 2020 | þ Estimated |
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)? | Will the proposed issue of this +security include an offer of attaching +securities? þ Yes | |
þ Existing class |
Details of +securities proposed to be issued
ASX +security code and description
ATH : ORDINARY FULLY PAID
Number of +securities proposed to be issued
674,694,939
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
þ Yes
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Proposed issue of securities |
In what currency is the cash consideration being paid? | What is the issue price per +security? | |
AUD - Australian Dollar | AUD 0.03700 |
Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
þ Yes
Attaching +Security
Is the proposed attaching 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)?
þ New class
Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)
Details of attaching +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
AU0000043945
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? | Will the entity be seeking quotation of the 'new' class of +securities on ASX? | |
þ No | þ No | |
ASX +security code | +Security description |
New class-code to be confirmed | Attaching options |
+Security type
Options
Number of +securities proposed to be issued
674,694,939
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
þ No
Please describe the consideration being provided for the +securities
Free attaching options to the placement of Tranche 2 shares. |
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
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Proposed issue of securities |
Will all the +securities issued in this class rank equally in all respects from their issue date?
þ Yes
Options details
+Security currency
AUD - Australian Dollar
Exercise price | Expiry date |
AUD 0.0700 | Thursday November 23, 2023 |
Details of the type of +security that will be issued if the option is exercised
ATH : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One fully paid ordinary share (ASX:ATH) |
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 Company announcement dated 16 October 2020 released in conjunction with this Appendix 3B. |
Part 7C - Timetable
7C.1 Proposed +issue date
Tuesday November 24, 2020
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
þ Yes
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
Wednesday November 18, 2020
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
þ No
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
þ No
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7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
þ No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
þ Yes
7E.1a Who is the lead manager/broker?
MST Financial Services Pty. Ltd. |
7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
5% of the placement |
7E.2 Is the proposed issue to be underwritten?
þ No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
|
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
To further research and development activities, provide on-going working capital as disclosed in the announcement dated 16 October 2020. |
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
þ No
7F.2 Any other information the entity wishes to provide about the proposed issue
|
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