IMMUTEP LIMITED — Capital/Financing Update 2022

Dec 14, 2022

Proposed issue of securities

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Announcement Summary

Entity name

IMMUTEP LIMITED

Announcement Type

New announcement

Date of this announcement

15/12/2022

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
IMMAM	PERFORMANCE RIGHTS	2,279,001

Proposed +issue date 16/12/2022

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

IMMUTEP 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.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number 009237889

1.3 ASX issuer code

IMM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/12/2022

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 23/11/2022 Actual Yes

Comments

Subject to Shareholder approval, the issue of 1,166,667 Director Performance Rights to subscribe for 1,166,667 ordinary shares in the Company to Mr. Pete Meyers &/or his nominee in lieu of cash for directors' fees to vest in 3 tranches pro-rated over the period of service. Remaining 1,112,334 performance rights were issued to external consultant which were not subject to shareholder approval.

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

IMMAM : PERFORMANCE RIGHTS

Number of +securities proposed to be issued

2,279,001

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The issue of Director Performance Rights to subscribe for 1,166,667 ordinary shares in the Company to Mr. Pete Meyers and/or his nominee in lieu of cash of directors' fees at $105,000 per annum, to vests in 3 tranches upon satisfaction of service-based vesting conditions as follows:

• 388,889 on 1 October 2024. (in recognition of service from 1 October 2023 to 30 September 2024);

• 388,889 on 1 October 2025. (in recognition of service from 1 October 2024 to 30 September 2025); - 388,889 on 1 October 2026. (in recognition of service from 1 October 2025 to 30 September 2026). 2024).

Issue of 1,112,334 Performance Rights to an external consultant: 556,167 vests on 1 Dec 2023. (Being service from 1 Dec 2022 to 30 Nov 2023). 278,083 vests on 1 Dec 2024. (Being service from 1 Dec 2023 to 30 Nov 2024). 278,084 vests on 1 Dec 2025. (Being service from 1 Dec 2024 to 30 Nov 2025).

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

752,070.000000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 7C - Timetable

7C.1 Proposed +issue date

16/12/2022

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

23/11/2022

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes

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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 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue N/A Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities The issue of 1,166,667 director performance rights to P Meyers in lieu of cash for directors' fees at $105,000 p.a. and 1,112,334 performance rights to an external consultant to vest in 3 tranches upon satisfaction of vesting conditions as agreed. 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 N/A

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