ALTECH BATTERIES LTD — Capital/Financing Update 2018

Jun 12, 2018

Rule
2.7,
3.10.3,
3.10.4,
3.10.5

**Appendix

3B**

ASX ANNOUNCEMENT AND MEDIA RELEASE

**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

13
June
2018

Name
of
entity

Altech
Chemicals
Limited

ABN 45
125
301
206

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).	You must complete the relevant sections (attach sheets if there is not enough space).
1				+Class of+securities issued or to be	Performance Rights
				issued
2				Number of+securities issued or to be
				issued (if known) or maximum	22,000,000 Performance Rights
				number which may be issued
3				Principal terms of the+securities (eg,	Performance Rights were issued	for	nil
				if options, exercise price and expiry date; if partly paid+securities, the	consideration and are subject to various vesting conditions. Upon vesting, each Performance
				amount outstanding and due dates for	Right converts to one fully paid ordinary share
				payment; if+convertible securities, the conversion price and dates for conversion)	of the Company; there is no exercise price payable upon converson.

4 Do
the[+] securities
rank
equally
in
all Performance
Rights
will
not
be
quoted
and
upon respects
from
the
date
of
allotment exercise,
the
issued
ordinary
shares
will
rank
pari
pasu with
an
existing[+] class
of
quoted with
all
other
fully
paid
ordinary
shares. +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

	Performance Rights will not be quoted and upon exercise, the issued ordinary shares will rank pari pasu with all other fully paid ordinary shares.
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 6a Is the entity an+eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h_in_ relation to the+securities the subject of this Appendix 3B, and comply with section 6i 6b The date the security holder resolution under rule 7.1A was passed 6c Number of+securities issued without security holder approval under rule 7.1 6d Number of +securities issued with security holder approval under rule 7.1A 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
	Performance Rights are issued for nil consideration
	15,000,000 Performance Rights issued to Directors of the Company pursuant to Shareholder Approval obtained in General Meeting on 12-June-2018. 7,000,000 Performance Rights issued to various employees pursuant to the Company’s Performance Rights Plan approved by shareholders in General Meeting on 12- June-2018..
	No
	n/a
	nil
	nil
	nil

6f Number of securities issued under an exception in rule 7.2 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. 6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 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 7 Dates of entering +securities into uncertificated holdings or despatch of certificates 8 Number and+class of all+securities quoted on ASX (_including_the securities in section 2 if applicable) 9 Number and+class of all+securities not quoted on ASX (_including_the securities in section 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	n/a
	n/a
	n/a
	7.1: 63,981,081 7.1A: -
	12 June 2018
	Number	~~+~~Class
	426,540,542	Ordinary Shares
	Number	+Class
	12,200,000 20,000,000 10,500,000	Performance Rights: Employees & Consultants Performance Rights: Managing Director Performance Rights: Directors
	n/a

**Part

2
-­‐
Bonus
issue
or
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 issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 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
  prospectus
  or
  Product Disclosure
  Statement
  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)

• 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
  of their
  entitlements
  (except
  by
  sale through
  a
  broker)?

• 33 +Despatch
  date

**Part

3
-­‐
Quotation
of
securities**

You
need
only
complete
this
section
if
you
are
applying
for
quotation
of
securities

34	Type of securities
(a) (b)	(tick one) Securities described in Part 1 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

**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 date of allotment 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 +Class 42 Number and +class of all +securities quoted on ASX ( including the
securities
in
clause 38)

**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
not
available
now,
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: Date:
13
June
2018
( ~~Director/~~ Company
Secretary) Print
name: Shane
Volk

==
==
==
==
==

• See
  chapter
  19
  for
  defined
  terms.

01/08/2012

Appendix
3B
Page
8

**Appendix

3B
–
Annexure
1**

Calculation
of
placement
capacity
under
rule
7.1
and rule
7.1A
for[+] eligible
entities

Introduced
01/08/12

**Part

1**

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

==> picture [420 x 427] intentionally omitted <==

----- Start of picture text -----

Insert number of fully paid ordinary 297,324,057
securities on issue 12 months before date
of issue or agreement to issue
1,162,979 (12-7-17 Placement approved by
Add the following:
shareholders)
• Number of fully paid ordinary securities 44,118,337 (1-11-17 Placement approved by
shareholders)
issued in that 12 month period under an
exception in rule 7.2 21,824,224 (1-11-17 Placement approved by
shareholders)
• Number of fully paid ordinary securities 37,822,369 (11-12-17 Placement approved
issued in that 12 month period with by shareholders)
shareholder approval
7,142,857 (28-12-17 Placement approved
by shareholders)
• Number of partly paid ordinary
2,811,432 (1-12-17 Placement approved by
securities that became fully paid in that
shareholders)
12 month period
14,334,287 (3-1-18 Placement approved by
Note: shareholders)
• 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 Nil
securities cancelled during that 12 month
period
“A” 426,540,542
----- End of picture text -----

• See
  chapter
  19
  for
  defined
  terms.

01/08/2012

Appendix
3B
Page
9

==> picture [415 x 647] intentionally omitted <==

----- Start of picture text -----

Step 2: Calculate 15% of “A”
“B” 0.15
[Note: this value cannot be changed]
Multiply “A” by 0.15 63,981,081
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:
• 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” -
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining
placement capacity under rule 7.1
“A” x 0.15 63,981,081
Note: number must be same as shown in
Step 2
Subtract “C” -
Note: number must be same as shown in
Step 3
Total [“A” x 0.15] – “C” 63,981,081
placement capacity under rule 7.1]
[Note: this is the remaining placement
capacity under rule 7.1]
----- End of picture text -----

• See
  chapter
  19
  for
  defined
  terms.

01/08/2012

Appendix
3B
Page
10

==> picture [415 x 519] intentionally omitted <==

----- Start of picture text -----

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”
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
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
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”
----- End of picture text -----

• See
  chapter
  19
  for
  defined
  terms.

01/08/2012

Appendix
3B
Page
11

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A	Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A
“A” x 0.10 Note: number must be same as shown in Step 2
Subtract“E” Note: number must be same as shown in Step 3
Total[“A” x 0.10] – “E”	Note: this is the remaining placement capacity under rule 7.1A

• See
  chapter
  19
  for
  defined
  terms.

01/08/2012

Appendix
3B
Page
12