Anteris Technologies Global Corp. — Capital/Financing Update 2020

Mar 22, 2020

Proposed issue of securities

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Announcement Summary

Entity name

ADMEDUS LTD

Announcement Type

New announcement

Date of this announcement

Monday March 23, 2020

The Proposed issue is:

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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
AHZAC	OPTION EXPIRING VARIOUS DATES EX VARIOUS	435,000
	PRICES

Proposed +issue date Friday March 20, 2020

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

ADMEDUS LTD

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

ABN

Registration Number

35088221078

1.3 ASX issuer code

AHZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Monday March 23, 2020

1.6 The Proposed issue is:

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A placement or other type of issue

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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 Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval Wednesday February 26, 2020 Actual Yes

Comments

EGM held on 26/2/2020. Refer ASX announcement on 26/2/2020 "Results of Meeting" for the approved Options.

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? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? Existing class

Details of +securities proposed to be issued

ASX +Security Code and Description

AHZAC : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Maximum Number of +securities proposed to be issued

435,000

Purpose of the issue

Long term incentive options for specified directors

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Offer price details for retail security holders

In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 11.20000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Oversubscription & Scale back details

May a scale back be applied to this event? No

Part 7C - Timetable

7C.1 Proposed +issue date

Friday March 20, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 Wednesday February 26, 2020

7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? Yes

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

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7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? 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.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue The key terms of the Options are: - they are granted to the specified Directors for nil consideration as approved by Shareholders - the exercise price is $11.20. - each award vests in three tranches - tranche one vests following the completion of 12 months service and if the closing share price is at least $16.80, on at least 10 days in any 20 sequential trading days during the 12 month period - Tranche two ¿ options will only vest following the completion of at least 18 months service and if the closing share price is at least $22.40 on at least 10 days in any 20 sequential trading days during the 18 month period - Tranche three- options will only vest following the completion of at least 24 months service and if the closing share price is at least $33.60 on at least 10 days in any 20 sequential trading days during the 24 month period - If share price hurdles have not been achieved within a period of at least 36 months, the Board of Directors can exercise discretion to extend this for an additional period of up to 12 months

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