5G NETWORKS LIMITED. — Share Issue/Capital Change 2021

Dec 30, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

WEBCENTRAL LTD

Date of this announcement

Friday December 31, 2021

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Performance Rights expiring 21-Dec-2026 Ex	15,000,000	22/12/2021
to be confirmed	$0.45
New class - code	Options expiring 21-Dec-2026 Ex $0.45	4,500,000	22/12/2021
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

WEBCENTRAL LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

21073716793

1.3 ASX issuer code

WCG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

31/12/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities issued under an +employee incentive scheme

ASX +security code +Security description New class - code to be confirmed Performance Rights expiring 21-Dec-2026 Ex $0.45 +Security type ISIN code Options

Date the +securities the subject of this notification were issued 22/12/2021

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Joe Demase	J D Management Group Pty Ltd	15,000,000
Have you received confirmation from ASX that the terms of the +securities		are appropriate and equitable under
listing rule 6.1?
Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.webcentral.com.au/download/wcg-nom-agm-2021.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.45000000 21/12/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Webcentral Ordinary Shares

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.webcentral.com.au/download/wcg-nom-agm-2021.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of Performance Rghts approved at the company's 2021 AGM

Issue details

Number of +securities

15,000,000

New +securities issued under an +employee incentive scheme

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ASX +security code +Security description
New class - code to be confirmed Options expiring 21-Dec-2026 Ex $0.45
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
22/12/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Yes
Provide details of the KMP or +associates being issued +securities.
Name of KMP Name of registered holder Number of +securities
Joe Gangi OR Gangi Services Pty Ltf ATF the 750,000
JGangi Business Trust No 2
Joe Gangi Joe Gangi and Daniela Dona as 750,000
trustee of the Gangi Superannuation
Fund
Natalie Mactier Netlain Pty Ltd 1,500,000
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Jason Ashton

JMAS Pty Ltd

1,500,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.webcentral.com.au/download/wcg-nom-agm-2021.pdf

Options Details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.45000000 21/12/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

Webcentral Ordinary Shares

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.webcentral.com.au/download/wcg-nom-agm-2021.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of Options approved at the company's 2021 AGM

Issue details

Number of +securities

4,500,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
WCG : ORDINARY FULLY PAID	404,012,925
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
WCGAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	2,425,000
WCGAE : OPTION EXPIRING 30-MAR-2024 EX $0.45	550,000
WCGAD : OPTION EXPIRING 30-MAR-2026 EX $0.45	100,000
WCGAA : PERFORMANCE RIGHTS	5,000,000
WCGAG : OPTION EXPIRING 15-JUL-2026 EX $0.45	1,000,000
WCGAF : OPTION EXPIRING 15-JUL-2026 EX $0.45	4,950,000
New class - code to be confirmed : Performance Rights expiring 21-Dec-2026 Ex $0.45	15,000,000
New class - code to be confirmed : Options expiring 21-Dec-2026 Ex $0.45	4,500,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

21/12/2021

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