CONICO LTD — Capital/Financing Update 2023

Apr 25, 2023

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ASX Announcement
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26[th] April 2023

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RIGHTS ISSUE RESULTS
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The non-renounceable pro-rata Rights Issue (Rights Issue) made to shareholders of Conico Ltd (Conico) , who were on the register as at 5.00pm WST on 17[th] of March 2023, pursuant to an offer document dated Tuesday, the 13[th] of March 2023 (Offer) closed on Wednesday the 19[th] of April 2023.

The results of the Offer are as follows:

The results of the Offer are as follows:
	No. of New Shares	No. of New Options	Gross Proceeds ($)
Shares accepted per entitlements under the Offer	51,997,275	25,998,637	$519,973
Additional Subscriptions with attaching options	13,129,165	6,564,582	$131,292
Total	65,126,440	32,563,220	$651,265

Accordingly, upon completion of issuing of New Shares and additional subscriptions under the Rights Issue, the amount raised will be $651,265 (before payment of expenses of the issue).

Shortfall

Pursuant to 2.12 of the Offer, the Directors reserve the right, subject to the requirements of the ASX listing rules and Corporations Law, to place the balance of the remaining 149,868,995 shortfall shares within three months after the closing date of the Offer at a price, being $0.01 per Share (together with on free attaching New Option for every two (2) new Shares issued) which is not less than the price at which the Shares were offered under the Offer.

Further, pursuant to a mandate letter, Peleton Capital Pty Ltd ( “Peleton” ) (AFSL 406040) has the first right to place the Shortfall (but is not obliged to place any or all of the Shortfall).

Jamie Scoringe

Company Secretary

Conico Ltd

ABN 49 119 057 457 Level 15, 197 St George’s Terrace Perth, WA 6000 Australia

+61 (0)8 9282 5889 info@conico.com.au www.conico.com.au

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@conico_ltd @ConicoLtd conico-limited

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