AXTEC LIMITED — Capital/Financing Update 2021

Oct 11, 2021

Notification of cash return of capital

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Announcement Summary

Entity name

AXIOM PROPERTIES LIMITED

Applicable security for the return of capital

AXI - ORDINARY FULLY PAID

Announcement Type

New announcement

Date of this announcement

12/10/2021

Return of Capital amount per security

AUD 0.04000000

Trading in the re-organised +securities on an "ex return of capital" basis commences

7/12/2021

Record Date

8/12/2021

Payment Date

15/12/2021

Refer to below for full details of the announcement

Notification of cash return of capital

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Notification of cash return of capital

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

AXIOM PROPERTIES LIMITED

1.2 Registered Number Type Registration Number ABN 40009063834

1.3 ASX issuer code

AXI

1.4 The announcement is New announcement

1.5 Date of this announcement

12/10/2021

1.6 ASX +Security Code

AXI

ASX +Security Description ORDINARY FULLY PAID

Part 2 - Cash return of capital approval requirements and dates

• 2.1 Are any of the below approvals required for the cash return of capital before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval

  • Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the cash return of capital.

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Yes

2.1a Approvals

Approval/Condition	Date for determination	Is the date estimated or	**Approval
+Security holder approval	17/11/2021	actual?	received/condition met?
		Actual

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Notification of cash return of capital

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Comments

Subject to receipt of payments for the Company's South Australian Emergency Services State Control Centre and Butler Central Homemaker Centre projects in November 2021.

2.2 Is the cash return of capital a selective reduction of capital

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No

Part 3 - Cash return of capital timetable and details

3.1 +Record date

8/12/2021

3.1a Effective date of the cash return of capital

3/12/2021

3.2 Does the +entity have quoted options on issue?

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No

3.2a Last day for trading in "cum return of capital" +securities. If the entity has quoted options, last day for trading in pre-return of capital quoted options

3.3 Trading in the re-organised +securities on an "ex return of capital" basis commences. If the entity has quoted options and ASX agrees, trading in the quoted options commences on a +deferred settlement basis. 7/12/2021

3.4 +Record Date

8/12/2021

3.4a If the entity has quoted options, first day for the +entity to send holding statements to +security holders notifying them of the change in exercise price for the quoted options they hold.

3.5 Payment date for cash return of capital. If applicable and the +entity has quoted options, +deferred settlement market in options ends. Last day for entity to send holding statements to +security holders notifying them of the change in exercise price for the quoted options they hold and to notify ASX that this has occurred.

15/12/2021

3.5a If the +entity has quoted options, trading in the options starts on a normal T+2 basis

3.5b If the +entity has quoted options, first settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

3.6 Currency in which the cash return of capital is made ("primary currency")

AUD - Australian Dollar

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Notification of cash return of capital

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3.7 Cash return of capital amount per +security

AUD 0.04000000

Part 4 - Changes to option pricing as a result of the cash return of capital

4.1 Will the cash return of capital affect the exercise price of any +entity-issued options? No

Part 5 - Further information

5.1 Has the +entity applied for an ATO class ruling relating to this cash return of capital? No

5.2 Source of funds for cash return of capital

Forecast cash balance of proceeds to be received from the sale of the Company's South Australian Emergency Services State Control Centre and Butler Central Homemaker Centre projects.

5.3 Further information relating to this cash return of capital

The Board is asking shareholders to consider a resolution to return up to a maximum of up to approximately four cents per fully paid share as a Return of Capital subject to payments for projects in November 2021.

5.4 Additional information for inclusion in the Announcement Summary

Notification of cash return of capital

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