MAGONTEC LIMITED — Share Issue/Capital Change 2021

Aug 19, 2021

Notification of Consolidation/Split

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Announcement Summary

Entity name MAGONTEC LIMITED

Applicable security for the reorganisation

MGL ORDINARY FULLY PAID MGLAA PERFORMANCE RIGHTS

Announcement Type

Update to previous announcement

Date of this announcement

20/8/2021 Reason for the Update Reflect the final actual number of Securities on issue following update of the Company share register on 19 August 2021.

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

MAGONTEC LIMITED 1.2 Registered Number Type Registration Number ABN 51010441666 1.3 ASX issuer code MGL

1.4 The announcement is

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Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Reflect the final actual number of Securities on issue following update of the Company share register on 19 August 2021.

1.4b Date of previous announcement(s) to this update

6/7/2021

1.5 Date of this announcement

20/8/2021

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description MGL ORDINARY FULLY PAID MGLAA PERFORMANCE RIGHTS

Part 2 - Approvals

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

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Yes

2.2 Approvals

Approval/Condition	Date for determination	Is the date estimated or	Approval
+Security holder approval	6/8/2021	actual?	received/condition met?
		Actual	Yes

Comments

A resolution to conduct a share consolidation was put to members of the Company at a General Meeting on Friday 6 August 2021 and approved

Part 3 - Consolidation or split timetable and details

3.1 +Record date

18/8/2021

3.2 Date of +security holder meeting

6/8/2021

3.2a Effective date of consolidation or split

13/8/2021

3.3 Last day for trading in the pre consolidation or split +securities

16/8/2021

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

17/8/2021

3.5 Record date

18/8/2021

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

19/8/2021

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

25/8/2021

3.8 Trading starts on a normal T+2 basis

26/8/2021

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

30/8/2021

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Part 4 - Event type and details

4.1 The event is

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+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 15

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

	curities on iss	ue before and after consolidation or split	ue before and after consolidation or split	ue before and after consolidation or split	ue before and after consolidation or split
	ecurities on	issue before and	after the cons	olidation or spl		it
ASX +Security Code MGL ASX +Security Description ORDINARY FULLY PAID Quoted/unquoted Number on issue pre consolidation or split 1,150,924,806 Number on issue post consolidation or split 76,729,210 Estimate/Actual ASX +Security Code MGLAA ASX +Security Description PERFORMANCE RIGHTS Quoted/unquoted Number on issue pre consolidation or split 80,248,095 Number on issue post consolidation or split 5,349,877 Estimate/Actual 5.2 Exercise price of options ASX +Security Code MGLAA ASX +Security Description PERFORMANCE RIGHTS Quoted/unquoted Exercise price pre consolidation or split AUD 0.00000000 Exercise price post consolidation or split AUD 0.00000000 Unquoted Actual Unquoted Actual Quoted	Security Co	de ASX +	Security Desc	ription
		ORDIN	ARY FULLY P	AID
	Security Code ASX +Security Description
	A PERFORMANCE RIGHTS
	d/unuoted Exercise rice re consolidation				or Exercise rice ost consolidation or
	q p p split uoted				p p split
	AUD 0.00000000				AUD 0.00000000

Notification of Consolidation/Split

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Notification of Consolidation/Split

Part 6 - Further information

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6.1 Further information relating to the consolidation or split

The Performance Rights may convert wholly or partially into ordinary shares of the Company upon satisfaction (amongst other standards) of previously announced share price performance standards for the 3-year Long-Term Incentive Periods ended 31 December 2021, 31 December 2022 and 31 December 2023. The previously announced share price performance standards will increase by fifteen (15) times subject to minor effects for appropriate rounding.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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