DATAWORKS GROUP LIMITED — Capital/Financing Update 2020

Jul 21, 2020

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21 July 2020

Rights Issue Announcement of Results

The Board of IXUP Limited ( ASX:IXU ) ( IXUP or Company ), the leading technology company that secures data analytics and collaboration by using next-generation homomorphic encryption, is pleased to advise the results of its fully underwritten 1-for-1 non-renounceable, pro rata rights issue at an issue price of $0.01 per fully paid ordinary share in the Company ( Share ) to shareholders on the register as at 7.00 pm (AEST) on 29 June 2020 ( Entitlement Offer ).

The Entitlement Offer closed at 5.00pm (AEST) on Thursday, 16 July 2020.

The Company has received valid applications from Eligible Shareholders under their Entitlement for a total of 142,049,018 Shares ( Entitlement Shares ).

The Entitlement Shares will be issued on Wednesday, 22 July 2020.

In addition, applications for Additional Shares under the Shortfall Facility ( Shortfall Shares ) have been oversubscribed. As such, the Company will be required to scale-back applications for Shortfall Shares, and the Shortfall Shares will be issued following the scale-back process.

Accordingly, following the issue of the Entitlement Shares and the Shortfall Shares, the Company’s total issued share capital will be 445,680,316 Shares.

The Entitlement Offer was fully underwritten by Cygnet Capital Pty Ltd ( Underwriter ).

As previously announced, if the shortfall under the Entitlement Offer is less than 50,000,000 Shares, the Underwriter has a top-up right to ensure that the total number of Shares to be allocated by it, including any shortfall, is not less than 50,000,000 Shares, subject to shareholder approval ( Top-Up Right ).

The Company is currently in consultation with the Underwriter in relation to the Top-Up Right and will make an announcement in due course.

The Underwriter is also entitled to 20 million unlisted options exercisable at $0.02, on or before 31 July 2024 ( Success Options ). The Success Options will be issued on 30 July 2020.

This announcement has been authorised by the IXUP Board.

-ENDS-

Enquiries : Peter Leihn, IXUP Tel: +61 413 863 503 peter.leihn@ixup.com

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About IXUP

IXUP Limited (pronounced ‘eyes up’) is a listed technology company (ASX: IXU) that secures data analytics and delivers insights within a governance framework. The platform encrypts and connects data from multiple sources, solving the problems of data loss and misuse by enabling data owners to remain in complete control of their data. IXUP was listed in 2017. For more information visit www.ixup.com. IXUP’s registered address is Level 3, 5-7 Ross Street, Parramatta NSW 2150.