IMEXHS LIMITED — Capital/Financing Update 2020

Mar 11, 2020

Proposed issue of securities

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Announcement Summary

Entity name

IMEXHS LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday March 12, 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
n/a	OPTIONS EX 5.5 CENTS EXP 12 MARCH 2027	8,000,000
n/a	OPTIONS EX 7 CENTS EX 12 MARCH 2027	8,000,000
n/a	OPTIONS EX 3 CENTS EXP 12 MARCH 2027	12,000,000
IME	ORDINARY FULLY PAID	16,666,667

Proposed +issue date

Thursday May 21, 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

IMEXHS LIMITED

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

60096687839

1.3 ASX issuer code

IME

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Thursday March 12, 2020

1.6 The Proposed issue is:

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A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

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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 Thursday May 21, 2020 Estimated

Comments

Approval for the issues of securities to be put to shareholders at the annual general meeting to be held on 21 May 2020

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +Security Code and Description

IME : ORDINARY FULLY PAID

Maximum Number of +securities proposed to be issued

16,666,667

Purpose of the issue

To be issued pursuant to the terms of the Director Appointment letter for Mr Douglas Flynn

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Proposed issue of securities

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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 0.03000

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

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)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No Yes ASX +Security Code +Security Description New class-code to be confirmed OPTIONS EX 5.5 CENTS EXP 12 MARCH 2027 +Security Type Options Maximum Number of +securities proposed to be issued 8,000,000 Purpose of the issue

Issue of options to Douglas Flynn in accordance with the terms of his Letter of Appointment, subject to shareholder approval.

Offer price details for retail security holders

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Proposed issue of securities

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In what currency is the cash What is the issue price per consideration being paid? +security?

	Will all the +securities issued in this class rank equally in all respects from	Will all the +securities issued in this class rank equally in all respects from
	their issue date?
	Yes
	Oversubscription & Scale back details
	May a scale back be applied to this event?
	No
	Options details
	+Security Currency	Exercise Price	Expiry date
	AUD - Australian Dollar	AUD 0.0550	Friday March 12, 2027
	Details of the existing class of +security that will be issued upon exercise or conversion of this
	new class of company option
	IME : ORDINARY FULLY PAID
	Please provide any further information	relating to the principal terms of the +securities
	Options vest on grant. The options are to be issued for a total option fee of $440.00.
	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)?
	New class
	Details of +securities proposed to be issued
	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
	Have you received confirmation from	Will the entity be seeking quotation
	ASX that the terms of the proposed	of the 'new' class of +securities on
	+securities are appropriate and	ASX?
	equitable under listing rule 6.1?	No
	Yes
	ASX +Security Code New class-code to be confirmed	+Security Description OPTIONS EX 7 CENTS EX 12 MARCH 2027

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Proposed issue of securities

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+Security Type

Options Maximum Number of +securities proposed to be issued 8,000,000

Purpose of the issue

Issue of options to Douglas Flynn in accordance with the terms of his Letter of Appointment, subject to shareholder approval

Offer price details for retail security holders In what currency is the cash What is the issue price per consideration being paid? +security?

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Oversubscription & Scale back details May a scale back be applied to this event? No

Options details +Security Currency Exercise Price Expiry date AUD - Australian Dollar AUD 0.0700 Friday March 12, 2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option IME : ORDINARY FULLY PAID

Please provide any further information relating to the principal terms of the +securities

Options vest on grant. The options will be issued for no option fee.

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class

Will the proposed issue of this +security include an offer of attaching +securities? Yes

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Proposed issue of securities

Details of +securities proposed to be issued

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ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No Yes ASX +Security Code +Security Description New class-code to be confirmed OPTIONS EX 3 CENTS EXP 12 MARCH 2027 +Security Type Options Maximum Number of +securities proposed to be issued 12,000,000

Purpose of the issue

Issue of options to Douglas Flynn in accordance with the terms of his Letter of Appointment, subject to shareholder approval

Offer price details for retail security holders In what currency is the cash What is the issue price per consideration being paid? +security?

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Oversubscription & Scale back details May a scale back be applied to this event? No

Options details +Security Currency Exercise Price Expiry date AUD - Australian Dollar AUD 0.0300 Friday March 12, 2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option IME : ORDINARY FULLY PAID

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Proposed issue of securities

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Please provide any further information relating to the principal terms of the +securities

Options vest when the Company's share price exceeds a 30 day VWAP of 12 cents (subject to the continuous service to the Company by Douglas Flynn as a Director from the date of appointment up to and including the vesting date). The options will be issued for a total option fee of $30,000.00.

Attaching +Security

Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)?

Part 7C - Timetable

7C.1 Proposed +issue date

Thursday May 21, 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 Thursday May 21, 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

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

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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

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