IMAGE RESOURCES NL — Regulatory Filings 2021

Sep 26, 2021

Notification of buy-back

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Announcement Summary

Name of entity

IMAGE RESOURCES NL

Announcement type

Update announcement

Type of update

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Final buy-back notification

Date of this announcement

27/9/2021

Reason for update

Final buy-back notification

ASX Security code and description of the class of +securities the subject of the buy-back

IMA : ORDINARY FULLY PAID

The type of buy-back is:

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Employee share scheme buy-back

Total number of +securities bought back

1,053,041

Total consideration paid or payable for the securities

AUD 219,390.84000

Refer to next page for full details of the announcement

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Notification of buy-back

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Part 1 - Entity and announcement details

1.1 Name of entity

IMAGE RESOURCES NL

We (the entity named above) provide the following information about our buy-back.

1.2 Registration number type Registration number ABN 57063977579

1.3 ASX issuer code

IMA

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Type of update

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Final buy-back notification

1.4b Reason for update

Final buy-back notification

1.4c Date of initial notification of buy-back

7/9/2021

1.4d Date of previous announcement to this update

27/9/2021

1.5 Date of this announcement

27/9/2021

1.6 ASX Security code and description of the class of +securities the subject of the buy-back

IMA : ORDINARY FULLY PAID

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Part 2 - Type of buy-back

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2.1 The type of buy-back is:

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Employee share scheme buy-back

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Part 3 - Buy-back details

Part 3A - Details of +securities, price and reason

3A.1 Total number of +securities on issue in the class of +securities to be bought back 997,341,478

3A.2 Total number of +securities proposed to be bought back 1,053,041

3A.9 Are the +securities being bought back for a cash consideration? Yes

3A.9a Is the price to be paid for +securities bought back known? Yes

3A.9a.1 In what currency will the buy-back consideration 3A.9a.2 Buy-back price per +security be paid?

AUD - Australian Dollar 0.20830000

Part 3B - Buy-back restrictions and conditions

3B.1 Does the buy-back require security holder approval? No

3B.3 Are there any other conditions that need to be satisfied before the buy-back offer becomes unconditional? No

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Part 3C - Key dates

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Employee Share Scheme, Selective and Other Buy-Backs

3C.1 Anticipated date buy-back will occur

27/9/2021

Part 3D - Other Information

3D.1 Any other information the entity wishes to notify to ASX about the buy-back

The shares were issued to employees under the Company's Employee Share Plan (ESP) as part of the ESP grants in September 2019 and October 2020. Some of those employees have ceased employment with the Company and the loans made to the employees to fund the issue of the shares became repayable on the cessation of employment. In accordance with the terms of the ESP, the Board has determined that the Company will buy back and cancel the relevant shares, with the proceeds applied to offset the loans.

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Part 5 - Final buy-back notification

For on-market buy-backs, a final buy-back notification must be submitted at least half an hour before the commencement of trading on the business day after the company buys back the maximum number of securities that it wanted or the company decides it will stop buying back securities.

For equal access buy-back schemes, a final buy-back notification must be submitted no later than five business days after the buy-back offer closing date.

For employee share scheme buybacks, selective buy-backs and other buy-backs, a final buy-back notification must be submitted by no later than five business days after the completion of the buy-back.

5.1 Total number of +securities bought back

1,053,041

5.2 Total consideration paid or payable for the securities

AUD 219,390.84000

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