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NEXTED GROUP LIMITED — Share Issue/Capital Change 2022
Oct 17, 2022
65463_rns_2022-10-17_dcd4f3d0-09d7-472e-b546-f85d53afcf09.pdf
Share Issue/Capital Change
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Notification of Consolidation/Split
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Announcement Summary
Entity name
ICOLLEGE LIMITED
Applicable security for the reorganisation
ICT ORDINARY FULLY PAID ICTAAA OPTION EXPIRING 10-JUL-2023 EX 5C ICTAAB OPTION EXPIRING 09-NOV-2023 EX $0.15
Announcement Type
New Announcement
Date of this announcement
18/10/2022
Reorganisation type
Security consolidation
Trading in the post consolidation or split +securities commences on a deferred settlement basis 22/11/2022
Record Date
23/11/2022
Issue Date
30/11/2022
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 ICOLLEGE LIMITED 1.2 Registered Number Type Registration Number ACN 105012066 1.3 ASX issuer code ICT 1.4 The announcement is New announcement
1.5 Date of this announcement
18/10/2022
1.6 Securities affected by the consolidation or split
ASX +Security Code ASX +Security Description ICT ORDINARY FULLY PAID ICTAAA OPTION EXPIRING 10-JUL-2023 EX 5C ICTAAB OPTION EXPIRING 09-NOV-2023 EX $0.15
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 Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.
Notification of Consolidation/Split
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Notification of Consolidation/Split
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Yes
2.2 Approvals
Approval/Condition Date for determination Is the date estimated or Approval actual? received/condition met? +Security holder approval 18/11/2022 Estimated
Comments
Part 3 - Consolidation or split timetable and details
3.1 +Record date
23/11/2022
3.2 Date of +security holder meeting
18/11/2022
3.2a Effective date of consolidation or split
18/11/2022
3.3 Last day for trading in the pre consolidation or split +securities
21/11/2022
3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.
22/11/2022
3.5 Record date
23/11/2022
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.
24/11/2022
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) 30/11/2022
3.8 Trading starts on a normal T+2 basis
1/12/2022
3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
5/12/2022
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
5
(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
| ASX +Security Code | ASX +Security Description | ||
|---|---|---|---|
| ICT | ORDINARY FULLY PAID | ||
| Quoted/unquoted | Number on issue pre | Number on issue post | Estimate/Actual |
| Quoted | consolidation or split | consolidation or split | Estimated |
| 1,095,383,863 | 219,076,773 | ||
| ASX +Security Code | ASX +Security Description | ||
| ICTAAA | OPTION EXPIRING 10-JUL-2023 EX 5C | ||
| Quoted/unquoted | Number on issue pre | Number on issue post | Estimate/Actual |
| Unquoted | consolidation or split | consolidation or split | Estimated |
| 10,000,000 | 2,000,000 | ||
| ASX +Security Code | ASX +Security Description | ||
| ICTAAB | OPTION EXPIRING 09-NOV-2023 EX $0.15 | ||
| Quoted/unquoted | Number on issue pre | Number on issue post | Estimate/Actual |
| Unquoted | consolidation or split | consolidation or split | Estimated |
| 17,000,000 | 3,400,000 | ||
| 5.2 Exercise price of options | |||
| ASX +Security Code | ASX +Security Description | ||
| ICTAAA | OPTION EXPIRING 10-JUL-2023 EX 5C | ||
| Quoted/unquoted | Exercise price pre consolidation or Exercise price post consolidation or |
Notification of Consolidation/Split
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Notification of Consolidation/Split
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| Unquoted | split | split |
|---|---|---|
| 0.05000000 | 0.25000000 | |
| ASX +Security Code | ASX +Security Description | |
| ICTAAB | OPTION EXPIRING 09-NOV-2023 EX | $0.15 |
| Quoted/unquoted | Exercise price pre consolidation or | Exercise price post consolidation or |
| Unquoted | split | split |
| 0.15000000 | 0.75000000 |
Part 6 - Further information
6.1 Further information relating to the consolidation or split
Further information about the proposed consolidation is set out in the ASX Announcement lodged on 18 October 2022 and the Notice of Meeting for the Company's 2022 Annual General Meeting also lodged with ASX on 18 October 2022.
6.2 Additional information for inclusion in the Announcement Summary
Notification of Consolidation/Split
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