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ROCKETDNA LTD. — Regulatory Filings 2018
Jun 13, 2018
65709_rns_2018-06-13_8f1555ed-e917-48cb-83a3-96fd7fc07943.pdf
Regulatory Filings
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Rules 1.1 Cond 3, 1.7
Appendix 1A
ASX Listing Application and Agreement
This form is required by listing rule 1.7 to be used by an entity seeking admission to the *official list as an ASX Listing (for classification as an ASX Debt Listing use Appendix 1B and for classification as an ASX Foreign Exempt Listing use Appendix 1C).
All entity's seeking admission to the *official list as an ASX Listing must also provide to ASX the information and documents referred to in the Information Form and Checklist (ASX Listing) published on the ASX website.
The Appendix 1A and the Information Form and Checklist (ASX Listing) given to ASX become ASX's property and will be made public by way of release on ASX Markets Announcement Platform. Supporting documents may also be made public. This may occur prior to admission of the entity and *quotation of its *securities. If it does, publication does not mean that the entity will be admitted or that its *securities will be quoted.
Introduced 01/07/96 Origin: Appendix 1 Amended 01/07/97, 01/07/98, 01/09/99, 13/03/00, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 20/07/07, 01/01/12, 01/05/13, 02/11/15
| Name of entity | ABN/ARBN/ARSN |
|---|---|
| Diverse Security Needs Limited | 618 678 701 |
We (the entity named above) apply for admission to the *official list of ASX Limited (ASX) as an ASX Listing and for 'quotation of the following 'securities:
| Number to be quoted | + Class | |
|---|---|---|
| + Main class of + securities | ||
| Additional *classes of *securitiesto be quoted (if any) | 109,420,751 | Fully paid ordinary shares |
| [Do not include *CDIs] | ||
We agree:
Our admission to the *official list and classification as an ASX Listing is in ASX's absolute $1.$ discretion. ASX may admit us on any conditions it decides. +Quotation of our +securities is in ASX's absolute discretion. ASX may quote our *securities on any conditions it decides. Our removal from the *official list, the suspension or ending of *quotation of our *securities, or a change in the category of our admission is in ASX's absolute discretion. ASX is entitled immediately to suspend *quotation of our *securities or remove us from the *official list if we break this agreement, but the absolute discretion of ASX is not limited.
- See chapter 19 for defined terms 2 November 2015
-
- We warrant the following to ASX:
- The issue of the *securities to be quoted complies with the law and is not for an illegal purpose.
- The *securities to be quoted comply with listing rule 2.1 and there is no reason why the *securities should not be granted *quotation.
- An offer of the *securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
- Section 724 and section 1016E of the Corporations Act do not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 601MB(1), 737, 738, 992A, 992AA or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the *securities be quoted.
- $3.$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from, or connected with, any breach of the warranties in this agreement.
- We give ASX the information and documents required by this form, including the information $4.$ and documents referred to in the Information Form and Checklist (ASX Listing) published on the ASX website. If any information or document is not available now, we will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (or will be) true and complete.
-
- We will comply with the listing rules that are in force from time to time, even if *quotation of our *securities is deferred, suspended or subject to a *trading halt.
-
- The listing rules are to be interpreted:
- in accordance with their spirit, intention and purpose;
- by looking beyond form to substance; and
- in a way that best promotes the principles on which the listing rules are based.
- $7.$ ASX has discretion to take no action in response to a breach of a listing rule. ASX may also waive a listing rule (except one that specifies that ASX will not waive it) either on our application or of its own accord on any conditions. ASX may at any time vary or revoke a decision on our application or of its own accord.
-
- A document given to ASX by an entity, or on its behalf, becomes and remains the property of ASX to deal with as it wishes, including copying, storing in a retrieval system, transmitting to the public, and publishing any part of the document and permitting others to do so. The documents include a document given to ASX in support of the listing application or in compliance with the listing rules.
-
- In any proceedings, a copy or extract of any document or information given to ASX is of equal validity in evidence as the original.
-
- We acknowledge that this application also operates as an application to the *approved CS facility for the entity to act as an issuer under the operating rules of the *approved CS facility and:
- In the case of an entity established in a jurisdiction whose laws have the effect that the entity's *securities cannot be approved under the operating rules of the *approved CS facility, to have CDIs issued over the entity's +securities.
$\bullet$
In all other cases, for the approval of the entity's *securities under the operating rules of the *approved CS facility.
$11.$ Except in the case of an entity established in a jurisdiction whose laws have the effect that the entity's *securities cannot be approved under the operating rules of the *approved CS facility:
- We will satisfy the *technical and performance requirements of the *approved CS facility and meet any other requirements the *approved CS facility imposes in connection with approval of our +securities.
- When *securities are issued we will enter them in the *approved CS facility's subregister holding of the applicant before they are quoted, if the applicant instructs us on the application form to do so.
- The +approved CS facility is irrevocably authorised to establish and administer a subregister in respect of the *securities for which *quotation is sought.
- $12.$ In the case of an entity established in a jurisdiction whose laws have the effect that the entity's *securities cannot be approved under the operating rules of the *approved CS facility:
- The +approved CS facility is irrevocably authorised to establish and administer a subregister in respect of +CDIs.
- We will make sure that +CDIs are issued over +securities if the holder of quoted *securities asks for *CDIs.
Dated: 3 April 2018
Executed as a deed:
EXECUTED by DIVERSE SECURITY NEEDS LIMITED ACN 618 678 701 in accordance with section 127 of the Corporations Act 2001 (Cth):
Signature of director
Anton Uvarov
Name of director *please delete as applicable
Signature of director/company secretary*
Stephen Buckley
Name of djrector/company secretary*
You must complete, date and sign this agreement so that it takes effect as a deed. If the entity is an Australian company, the signatures of a director and a director/company secretary will be required. If the entity is an outside Australia, execution will have to comply with requirements for a deed in both the place of establishment of the entity and in Australia. If this agreement is signed under a power of attorney, please attach a copy of the power of attorney
- See chapter 19 for defined terms 2 November 2015
Information Form and Checklist
(ASX Listing)
Name of entity ABN/ARBN/ARSN
Diverse Security Needs Limited (to be renamed Parazero Limited) 618 678 701
We (the entity named above) supply the following information and documents to support our application for admission to the official list of ASX Limited (ASX) as an ASX Listing.
Note: the entity warrants in its Appendix 1A ASX Listing Application and Agreement that the information and documents referred to in this Information Form and Checklist are (or will be) true and complete and indemnifies ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from, or connected with, any breach of that warranty.
Any Annexures to this Information Form and Checklist form part of the Information Form and Checklist and are covered by the warranty referred to above.
Terms used in this Information Form and Checklist and in any Annexures have the same meaning as in the ASX Listing Rules.
Part 1 – Key Information
Instructions: please complete each applicable item below. If an item is not applicable, please mark it as "N/A".
All entities – corporate details1
| Place of incorporation orestablishment | Western Australia |
|---|---|
| Date of incorporation orestablishment | 21 April 2017 |
| Legislation under which incorporatedor established | Corporations Act 2001 |
| Address of registered office in placeof incorporation or establishment | Level 12, 46-50 Kings Park Road |
| West Perth WA 6005 | |
| Main business activity | The Company specializes in the development and manufacturing of innovativesafety systems for drones. Its unique technology enables parachute deploymentin fractions of a second using a proprietary autonomous computer. |
| Other exchanges on which the entityis listed | N/A |
| Street address of principal | Level 12, 46-50 Kings Park Road |
| administrative office | West Perth WA 6005 |
| Postal address of principal | Level 12, 46-50 Kings Park Road |
| administrative office | West Perth WA 6005 |
1 If the entity applying for admission to the official list is a stapled structure, please provide these details for each entity comprising the stapled structure.
| Telephone number of principaladministrative office | +61 8 6377 8043 |
|---|---|
| E-mail address for investor enquiries | [email protected] |
| Website URL | www.parazero.com |
All entities – management details2
| Full name and title of CEO/managingdirector | Eden Attias – Executive Chair and CEO |
|---|---|
| Full name and title of chairperson ofdirectors | Eden Attias – Executive Chair and CEO |
| Full names of all existing directors | Anton Uvarov – Non-Executive Director |
| Charis Law – Non-Executive Director | |
| Howard Digby – Non-Executive Director (retiring) | |
| Full names of any persons proposed | Eden Attias – Executive Chair and CEO |
| to be appointed as additional orreplacement directors | Dan Arazi – Non-Executive Director |
| Full name and title of company | Stephen Buckley |
| secretary | Peter Webse |
All entities – ASX contact details3
| Full name and title of ASX contact(s) | (a)Stephen Buckley |
|---|---|
| (b)Peter Webse | |
| Business address of ASX contact(s) | (a) Level 12, 46-50 Kings Park Road, West Perth WA 6005 |
| (b) Level 2, 50 Kings Park Road, West Perth WA 6005 | |
| Business phone number of ASX | (a) +61 (0)8 6189 1155 |
| contact(s) | (b) +61 8 6377 8043 |
| Mobile phone number of ASX | (a) +61 (0)435 624 479 |
| contact(s) | (b) +61 409 328 199 |
| Email address of ASX contact(s) | (a) [email protected] |
| (b) [email protected] |
2 If the entity applying for admission to the official list is a trust, enter the management details for the responsible entity of the trust.
3 Under Listing Rule 1.1 Condition 12, a listed entity must appoint a person responsible for communication with ASX. You can appoint more than one person to cater for situations where the primary nominated contact is not available.
All entities – auditor details4
| Full name of auditor | BDO Audit (WA) Pty Ltd |
|---|---|
| ---------------------- | ------------------------ |
All entities – registry details5
| Name of securities registry | Automic Registry Services |
|---|---|
| Address of securities registry | Level 2 |
| 267 St Georges Terrace | |
| Perth WA 6000 | |
| Phone number of securities registry | 1300, 288 664 |
| Fax number of securities registry | N/A |
| Email address of securities registry | [email protected] |
| Type of subregisters the entity willoperate6 | Issuer Sponsored |
All entities – key dates
| Annual balance date | 31 December |
|---|---|
| Month in which annual meeting isusually held (or intended to be held)7 | May |
| Months in which dividends ordistributions are usually paid (or areintended to be paid) | N/A |
Trusts – additional details
| Name of responsible entity | N/A |
|---|---|
| Duration of appointment of directorsof responsible entity | N/A |
| Full names of the members of thecompliance committee (if any) | N/A |
4 In certain cases, ASX may require the applicant to provide information about the qualifications and experience of its auditor for release to the market before quotation commences (Guidance Note 1 section 2.8).
5 If the entity has different registries for different classes of securities, please indicate clearly which registry details apply to which class of securities.
6 Example: CHESS and issuer sponsored subregisters.
7 May not apply to some trusts.
Entities incorporated or established outside Australia – additional details
| Name and address of the entity'sAustralian agent for service ofprocess | N/A |
|---|---|
| If the entity has or intends to have acertificated subregister for quotedsecurities, the location of theAustralian subregister | N/A |
| Address of registered office inAustralia (if any) | N/A |
Entities listed or to be listed on another exchange or exchanges
| Name of the other exchange(s) wherethe entity is or proposes to be listed | N/A |
|---|---|
| Is the ASX listing intended to be theentity's primary or secondary listing | N/A |
Part 2 – Checklist Confirming Compliance with Admission Requirements
Instructions: please indicate in the "Location/Confirmation" column for each item below and in any Annexures where the information or document referred to in that item is to be found (eg in the case of information, the specific page reference in the Offer Document where that information is located or, in the case of a document, the folder tab number where that document is located). If the item asks for confirmation of a matter, you may simply enter "Confirmed"" in the "Location/Confirmation" column. If an item is not applicable, please mark it as "N/A".
In this regard, it will greatly assist ASX and speed up its review of the application if the various documents referred to in this Checklist and any Annexures (other than the 25 copies of the applicant's Offer Document referred to in item 4) are provided in a folder separated by numbered tabs and if the entity's constitution and copies of all material contracts are provided both in hard copy and in electronic format.
Note that completion of this Checklist and any Annexures is not to be taken to represent that the entity is necessarily in full or substantial compliance with the ASX Listing Rules or that ASX will admit the entity to its official list. Admission to the official list is in ASX's absolute discretion and ASX may refuse admission without giving any reasons (see Listing Rule 1.19).
A reference in this Checklist and in any Annexures to the "Offer Document" means the listing prospectus, product disclosure statement or information memorandum lodged by the applicant with ASX pursuant to Listing Rule 1.1 Condition 3.
If the applicant lodges a supplementary or replacement prospectus, product disclosure statement or information memorandum with ASX, ASX may require it to update this Checklist and any Annexures by reference to that document.
All entities – key supporting documents
| No | Item | Location/Confirmation |
|---|---|---|
| 1. | A copy of the entity's certificate of incorporation, certificate of registration orother evidence of status (including any change of name) | Refer to Tab 1 of Appendix 1A File –CertificateofRegistrationonConversion to a Public Company. |
| 2. | A copy of the entity's constitution (Listing Rule 1.1 Condition 1A)8 | Refer to Tab 2 of Appendix 1A File –Constitution. |
8 It will assist ASX if the copy of the constitution is provided both in hard copy and in electronic format.
-
- Either:
- (a) confirmation that the entity's constitution includes the provisions of Appendix 15A or Appendix 15B (as applicable); or
- (b)a completed checklist that the constitution complies with the Listing Rules (Listing Rule 1.1 Condition 2)9
- 4. An electronic version and 25 copies of the Offer Document, as lodged with ASIC (Listing Rule 1.1 Condition 3)
-
- If the entity's corporate governance statement10 is included in its Offer Document, the page reference where it is included. Otherwise, a copy of the entity's corporate governance statement (Listing Rule 1.1 Condition 13)
-
- If the entity will be included in the S & P All Ordinaries Index on admission to the official list,11 where in its Offer Document does it state that it will have an audit committee (Listing Rule 1.1 Condition 13)
-
- If the entity will be included in the S & P / ASX 300 Index on admission to the official list,12 where in its Offer Document does it state that it will comply with the recommendations set by the ASX Corporate Governance Council in relation to composition and operation of the audit committee (Listing Rule 1.1 Condition 13)
-
- Original executed agreement with ASX that documents may be given to ASX and authenticated electronically (Listing Rule 1.1 Condition 14)13
-
- If the entity's trading policy is included in its Offer Document, the page reference where it is included. Otherwise, a copy of the entity's trading policy (Listing Rule 1.1 Condition 15)
-
- If the entity will be included in the S & P / ASX 300 Index on admission to the official list,14 where in its Offer Document does it state that it will have a remuneration committee comprised solely of non-executive directors (Listing Rule 1.1 Condition 16)
- 11. For each director or proposed director,15 a list of the countries in which they have resided over the past 10 years (Listing Rule 1.1 Condition 17 and Guidance Note 1 section 3.15)16
No Item Location/Confirmation Confirmed.
To be provided.
The summary of the Company's Corporate Governance Statement is contained the Prospectus in Sections 10.2 and 10.3 on pages 85 – 87. To be provided.
N/A
N/A
To be provided.
Refer to Section 10.2 on page 87 of the Prospectus and Tab 5 of the Appendix 1A File.
N/A
Anton Uvarov – Australia
Charis Law – Australia and the UK
Eden Attias – Israel and Canada
Dan Arazi – Israel
9 An electronic copy of the checklist is available from the ASX Compliance Downloads page on ASX's website.
10 The entity's "corporate governance statement" is the statement disclosing the extent to which the entity will follow, as at the date of its admission to the official list, the recommendations set by the ASX Corporate Governance Council. If the entity does not intend to follow all the recommendations on its admission to the official list, the entity must separately identify each recommendation that will not be followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it intends to adopt in lieu of the recommendation.
11 If the entity is unsure whether they will be included in the S & P All Ordinaries Index on admission to the official list, they should contact ASX or S & P.
12 If the entity is unsure whether they will be included in the S & P / ASX 300 Index on admission to the official list, they should contact ASX or S & P.
13 An electronic copy of the ASX Online Agreement is available from the ASX Compliance Downloads page on ASX's website.
14 If the entity is unsure whether they will be included in the S & P / ASX 300 Index on admission to the official list, they should contact ASX or S & P.
15 If the entity applying for admission to the official list is a trust, references in items 11, 12, 13, 14 and 15 to a director or proposed director mean a director or proposed director of the responsible entity of the trust.
| No | Item | Location/Confirmation |
|---|---|---|
| 12. | For each director or proposed director who is or has in the past 10 yearsbeen a resident of Australia, an original or certified true copy of a nationalcriminal history check obtained from the Australian Federal Police, a Stateor Territory police service or a broker accredited by CrimTrac which is notmore than 12 months old (Listing Rule 1.1 Condition 17 and GuidanceNote 1 section 3.15) | Refer to Tab 6 of Appendix 1A File. |
| 13. | For each director or proposed director who is or has in the past 10 yearsbeen a resident of a country other than Australia, an original or certifiedtrue copy of an equivalent national criminal history check to that mentionedin item 12 above for each country in which the director has resided overthe past 10 years (in English or together with a certified English translation)which is not more than 12 months old or, if such a check is not available inany such country, a statutory declaration from the director confirming thatfact and that he or she has not been convicted in that country of:(a) any criminal offence involving fraud, dishonesty, misrepresentation,concealment of material facts or breach of director's duties; or(b) any other criminal offence which at the time carried a maximum term ofimprisonment of five years or more (regardless of the period, if any, forwhich he or she was sentenced),or, if that is not the case, a statement to that effect and a detailedexplanation of the circumstances involved (Listing Rule 1.1 Condition 17and Guidance Note 1 section 3.15) | Refer to Tab 7 of Appendix 1A File. |
| 14. | For each director or proposed director who is or has in the past 10 yearsbeen a resident of Australia, an original or certified true copy of a search ofthe Australian Financial Security Authority National Personal InsolvencyIndex which is not more than 12 months old (Listing Rule 1.1 Condition 17and Guidance Note 1 section 3.15) | Refer to Tab 6 of Appendix 1A File. |
| 15. | For each director or proposed director who is or has in the past 10 yearsbeen a resident of a country other than Australia, an original or certifiedtrue copy of an equivalent national bankruptcy check to that mentioned initem 14 above for each country in which the director has resided over thepast 10 years (in English or together with a certified English translation)which is not more than 12 months old or if such a check is not available inany such country, a statutory declaration from the director confirming thatfact and that he or she has not been declared a bankrupt or been aninsolvent under administration in that country or, if that is not the case, astatement to that effect and a detailed explanation of the circumstancesinvolved (Listing Rule 1.1 Condition 17 and Guidance Note 1 section 3.15) | Refer to Tab 7 of Appendix 1A File. |
| 16. | A statutory declaration from each director or proposed director confirmingthat:(a) the director has not been the subject of any criminal or civil penaltyproceedings or other enforcement action by any government agency inwhich he or she was found to have engaged in behaviour involvingfraud, dishonesty, misrepresentation, concealment of material facts orbreach of duty;(b) the director has not been refused membership of, or had theirmembership suspended or cancelled by, any professional body on theground that he or she has engaged in behaviour involving fraud,dishonesty, misrepresentation, concealment of material facts or breach | Refer to Tab 8 of Appendix 1A File. |
16 The information referred to in items 11, 12, 13, 14 and 15 is required so that ASX can be satisfied that the director or proposed director is of good fame and character under Listing Rule 1 Condition 17.
Page 7
No Item Location/Confirmation
of duty;
- (c) the director has not been the subject of any disciplinary action (including any censure, monetary penalty or banning order) by a securities exchange or other authority responsible for regulating securities markets for failure to comply with his or her obligations as a director of a listed entity;
- (d) no listed entity of which he or she was a director (or, in the case of a listed trust, in respect of which he or she was a director of the responsible entity) at the time of the relevant conduct has been the subject of any disciplinary action (including any censure, monetary penalty, suspension of trading or termination of listing) by a securities exchange or other authority responsible for regulating securities markets for failure to comply with its obligations under the Listing Rules applicable to that entity; and
- (e) the director is not aware of any pending or threatened investigation or enquiry by a government agency, professional body, securities exchange or other authority responsible for regulating securities markets that could lead to proceedings or action of the type described in (a), (b), (c) or (d) above,
or, if the director is not able to give such confirmation, a statement to that effect and a detailed explanation of the circumstances involved (Listing Rule 1.1 Condition 17 and Guidance Note 1 section 3.15)
-
- A specimen certificate/holding statement for each class of securities to be quoted or a specimen holding statement for CDIs (as applicable)
-
- Payment for the initial listing fee.17 Refer to ASX Guidance Notes 15 and 15A for the fees payable on the application. You can also use the ASX online equity listing fees calculator: http://www.asx.com.au/professionals/cost-listing.htm
All entities – capital structure
- 19. Where in the Offer Document is there a table showing the existing and proposed capital structure of the entity, broken down as follows:
- (a) the number and class of each equity security and each debt security currently on issue; and
- (b) the number and class of each equity security and each debt security proposed to be issued between the date of this application and the date the entity is admitted to the official list; and
- (c) the resulting total number of each class of equity security and debt security proposed to be on issue at the date the entity is admitted to the official list; and
- (d) the number and class of each equity security proposed to be issued following admission in accordance with material contracts or agreements?
Note: This applies whether the securities are quoted or not. If the entity is proposing to issue a minimum, maximum or oversubscription number of securities, the table should be presented to disclose each scenario.
Refer to Tab 9 of Appendix 1A File.
To be confirmed.
Refer to Section 6.17 on page 42.
17 Payment can be made either by cheque made payable to ASX Operations Pty Ltd or by electronic funds transfer to the following account: Bank: National Australia Bank
Account Name: ASX Operations Pty Ltd BSB: 082 057 A/C: 494728375
Swift Code (Overseas Customers): NATAAU3202S
If payment is made by electronic funds transfer, please email your remittance advice to [email protected] or fax it to (612) 9227-0553, describing the payment as the "initial listing fee" and including the name of the entity applying for admission, the ASX home branch where the entity has lodged its application (ie Sydney, Melbourne or Perth) and the amount paid.
| No | Item | Location/Confirmation |
|---|---|---|
| 20. | For each class of securities referred to in the table mentioned in item 19,where in the Offer Document does it disclose the terms applicable to thosesecurities?Note: This applies whether the securities are quoted or not.For equity securities (other than options to acquire unissued securities or convertible debtsecurities), this should state whether they are fully paid or partly paid; if they are partly paid,the amount paid up and the amount owing per security; voting rights; rights to dividends ordistributions; and conversion terms (if applicable).For options to acquire unissued securities, this should state the number outstanding, exerciseprices and expiry dates.For debt securities or convertible debt securities, this should state their nominal or face value;rate of interest; dates of payment of interest; date and terms of redemption; and conversionterms (if applicable). | Refer to Sections 12.2, 12.3, 12.4 and12.5 on pages 90 - 95 of theProspectus. |
| 21. | If the entity has granted, or proposes to grant, any rights to any person, orto any class of persons (other than through the holding of securitiesreferred to in the table mentioned in item 19), to participate in an issue ofthe entity's securities, where in the Offer Document are details of thoserights set out? | N/A |
| 22. | Details of all issues of securities (in all classes) in the last 5 years and theconsideration received by the entity for such issues | Refer to Section 6.17 on page 42 andSection 7 on pages 5 to 6 of theInvestigating Accountants Report. |
| 23. | A copy of every prospectus, product disclosure statement or informationmemorandum issued by the entity in connection with any issue ofsecurities (in all classes) in the last 5 years | N/A |
| 24. | A copy of any court order in relation to a reorganisation of the entity'scapital in the last 5 years | N/A |
| 25. | Where in the Offer Document does it confirm that the issue/sale price of allsecurities for which the entity seeks quotation is at least 20 cents in cash(Listing Rule 2.1 Condition 2)? | Refer to front page and Section 5.1 onpage 18. |
| 26. | If the entity has or proposes to have any options on issue, where in theOffer Document does it confirm that the exercise price for each underlyingsecurity is at least 20 cents in cash (Listing Rule 1.1 Condition 11)? | Refer to Section 6.17 on page 42,Sections 12.3, 12.4 and 12.5 on page92-95, and Section 7 on pages 5 to 6 ofthe Investigating Accountants Report. |
| 27. | If the entity has any partly paid securities and it is not a no liabilitycompany, where in the Offer Document does it disclose the entity's callprogram, including the date and amount of each proposed call and whetherit allows for any extension for payment of a call (Listing Rule 2.1Condition 4)? | N/A |
| 28. | If the entity's free float at the time of listing is less than 10%, where in theOffer Document does it outline the entity's plans to increase thatpercentage to at least 10% and the timeframe over which it intends to dothat (Guidance Note 1 sections 3.1 and 3.3)? | N/A |
| 29. | If the entity has or proposes to have any debt securities or convertible debtsecurities on issue, a copy of any trust deed applicable to those securities | N/A |
| 30. | Is the entity is proposing to offer any securities by way of a bookbuild? Ifso, please enter "Confirmed" in the column to the right to indicate that theentity is aware of the disclosure requirements for bookbuilds in the | N/A |
Annexure to Guidance Note 1
| All entities –other information and documents | ||||
|---|---|---|---|---|
| 31. | Where in the Offer Document is there a description of the history of theentity? | Refer to Section 4 on page 7 andSection 6.1 on page 23 of theProspectus. | ||
| 32. | Where in the Offer Document is there a description of the entity's existingand proposed activities and level of operations? | Refer to Sections 6.2 and 6.3 on pages23 – 30 of the Prospectus. | ||
| 33. | Where in the Offer Document is there a description of the key features ofthe entity's business model (ie how it makes or intends to make a return forinvestors or otherwise achieve its objectives)? | Refer to Sections 6.6 - 6.12 on pages34-38 | ||
| 34. | Where in the Offer Document is there a description of the materialbusiness risks the entity faces? | Refer to Section 4 on pages 9 – 13 andSection 7.1 on pages 44 – 54 of theProspectus. | ||
| 35. | If the entity has any child entities, where in the Offer Document is there alist of all child entities stating, in each case, the name, the nature of itsbusiness and the entity's percentage holding in it? | N/A | ||
| 36. | If the entity has any investments in associated entities for which it will applyequity accounting, where in the Offer Document is there a list of allassociated entities stating, in each case, the name, the nature of itsbusiness and the entity's percentage holding in it? | N/A | ||
| 37. | Where in the Offer Document is there a description of the entity's proposeddividend/distribution policy? | Refer to Section 6.19 on page 43 | ||
| 38. | Does the entity have or propose to have a dividend or distributionreinvestment plan? | |||
| If so, where are the existence and main terms of the plan disclosed in theOffer Document? | N/A | |||
| A copy of the terms of the plan | N/A | |||
| 39. | Does the entity have or propose to have an employee incentive scheme? | |||
| If so, where are the existence and main terms of the scheme disclosed inthe Offer Document? | Refer to Section 12.6 on pages 95 and96 of the Prospectus. | |||
| Where in the Offer Document is there a statement as to whether directors18are entitled to participate in the scheme and, if they are, the extent to whichthey currently participate or are proposed to participate? | Refer to Section 12.5 (a) and 12.5 (c)on page 95 of the Prospectus. | |||
| A copy of the terms of the scheme | Refer to Tab 10 of Appendix 1A File. |
No Item Location/Confirmation
18 If the entity applying for admission to the official list is a trust, references to a director mean a director of the responsible entity of the trust.
- Has the entity entered into any material contracts (including any underwriting agreement relating to the securities to be quoted on ASX)?19
If so, where are the existence and main terms of those material contracts disclosed in the Offer Document?
Copies of all of the material contracts referred to in the Offer Document Refer to Tab 11 of Appendix 1A File.
- 41. If the following information is included in the Offer Document, the page reference where it is included. Otherwise, either a summary of the material terms of, or a copy of, any employment, service or consultancy agreement the entity or a child entity has entered into with:
- (a) its chief executive officer (or equivalent)
- (b) any of its directors or proposed directors; or
- (c) any other person or entity who is a related party of the persons referred to in (a) or (b) above (Listing Rule 3.16.4).
Note: if the entity applying for admission to the official list is a trust, references to a chief executive officer, director or proposed director mean a chief executive officer, director or proposed director of the responsible entity of the trust. However, the entity need not provide a summary of the material terms of, or a copy of, any employment, service or consultancy agreement the responsible entity or a related entity has entered into with any of the persons referred to in (a), (b) or (c) above if the costs associated with the agreement are borne by the responsible entity or the related entity from out of its own funds rather than from out of the trust.
-
- Please enter "Confirmed" in the column to the right to indicate that the material contracts summarised in the Offer Document include, in addition to those mentioned in item 40, any other material contract(s) the entity or a child entity has entered into with:
- (a) its chief executive officer (or equivalent)
- (b) any of its directors or proposed directors; or
- (c) any other person or entity who is a related party of the persons referred to in (a) or (b) above
-
- Please enter "Confirmed" in the column to the right to indicate that all information that a reasonable person would expect to have a material effect on the price or value of the securities to be quoted is included in or provided with this Information Form and Checklist
-
- A copy of the entity's most recent annual report Refer to Tab 12 of Appendix 1A File.
Entities that are trusts
-
- Evidence that the entity is a registered managed investment scheme (Listing Rule 1.1 Condition 5)
-
- Please enter "Confirmed" in the column to the right to indicate that the responsible entity is not under an obligation to allow a security holder to withdraw from the trust (Listing Rule 1.1 Condition 5)
Entities applying under the profit test (Listing Rule 1.2)
- Evidence that the entity is a going concern or the successor of a going concern (Listing Rule 1.2.1)
No Item Location/Confirmation
Refer to Section 11 on pages 88 and 89 of the Prospectus.
a. Section 6.15.4 on page 41
- b. Section 6.15.4 on page 41
- c. Section 6.15.5 on page 41
Confirmed
Confirmed
N/A
N/A
N/A
19 It will assist ASX if the material contracts are provided both in hard copy and in electronic format.
-
- Evidence that the entity has been in the same main business activity for the last 3 full financial years (Listing Rule 1.2.2)
-
- Audited accounts for the last 3 full financial years and audit reports (Listing Rule 1.2.3(a))
-
- If last financial year ended more than 8 months before the date of this application, accounts for the last half year (or longer period if available) and audit report or review (Listing Rule 1.2.3(b))
-
- A pro forma statement of financial position and review (Listing Rule 1.2.3(c))20
-
- Evidence that the entity's aggregated profit from continuing operations for the last 3 full financial years has been at least $1 million (Listing Rule 1.2.4)
-
- Evidence that the entity's profit from continuing operations in the past 12 months to a date no more than 2 months before the date of this application has exceeded $400,000 (Listing Rule 1.2.5)
-
- A statement from all directors21 confirming that they have made enquiries and nothing has come to their attention to suggest that the entity is not continuing to earn profit from continuing operations up to the date of the application (Listing Rule 1.2.5A)
Entities applying under the assets test (Listing Rule 1.3)
-
- Evidence that the entity:
- (a) has, if the entity that is not an investment entity, net tangible assets of at least $3 million (after deducting the costs of fund raising) or a market capitalisation of at least $10 million; or
- (b) has, if the entity that is an investment entity other than pooled development fund, net tangible assets of at least $15 million; or
- (c) is a pooled development fund with net tangible assets of at least $2 million (Listing Rule 1.3.1 and 1.3.1A)
-
- Evidence that:
- (a) at least half of the entity's total tangible assets (after raising any funds) is not cash or in a form readily convertible to cash;22 or
- (b) there are commitments to spend at least half of the entity's cash and assets in a form readily convertible to cash (Listing Rule 1.3.2)
-
- Is there a statement in the Offer Document that there is enough working capital to carry out the entity's stated objectives.
If so, where is it?
If not, attach a statement by an independent expert confirming that the entity has enough working capital to carry out its stated objectives (Listing Rule 1.3.3(a))?
No Item Location/Confirmation
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Evidence of 5(b) is provided in Section 6.17 (Capital Structure) on page 42 of the Prospectus, which at the issue price of $0.20 provides a market capitalisation greater than $15 million.
Refer to Section 5.6 (Use of Funds) on pages 18 and 19 of the Prospectus and the pro forma balance sheet in Section 9 (IAR) of the Prospectus
Refer to Section 5.6 on pages 18 and 19 of the Prospectus.
20 Note: the review must be conducted by a registered company auditor (or if the entity is a foreign entity, an overseas equivalent of a registered company auditor) or independent accountant.
21 If the entity applying for admission to the official list is a trust, the statement should come from all directors of the responsible entity of the trust.
22 In deciding if an entity's total tangible assets are in a form readily convertible to cash, ASX would normally not treat inventories or receivables as readily convertible to cash.
-
- Evidence that the entity's working capital is at least $1.5 million or, if it is not, that it would be at least $1.5 million if the entity's budgeted revenue for the first full financial year that ends after listing was included in the working capital (Listing Rule 1.3.3(b))?23
-
- Accounts for the last 3 full financial years (or shorter period if ASX agrees) and the audit report or review or a statement that the accounts are not audited or not reviewed (Listing Rule 1.3.5(a) first bullet point)
-
- If last financial year ended more than 8 months before the date of this application, accounts for the last half year (or longer period if available) and the audit report or review or a statement that the half year accounts not audited or not reviewed (Listing Rule 1.3.5(a) second bullet point)
-
- A pro forma statement of financial position and review (Listing Rule 1.3.5(c))24
Entities with restricted securities
-
- A statement setting out a list of any person (either on their own or together with associates) who has held a relevant interest in at least 10% of the entity's voting securities at any time in the 12 months before the date of this application
-
- A completed ASX Restricted Securities Table25 To be provided.
- 64. Copies of all restriction agreements (Appendix 9A) entered into in relation to restricted securities26
-
- Copies of all undertakings issued by any bank, recognised trustee or the provider of registry services to the entity in relation to such restriction agreements
No Item Location/Confirmation
Budget to be provided
Refer to Tab 12 of Appendix 1A File.
N/A
Refer to the Investigating Accountant's Report in Section 9 of the Prospectus.
Refer to Section 6.18 on page 43 of the Prospectus.
To be provided.
To be provided.
23 For mining exploration entities and oil and gas exploration entities, the amount must be available after allowing for the first full financial year's budgeted administration costs and the cost of acquiring plant, equipment, mining tenements and/or petroleum tenements. The cost of acquiring mining tenements and/or petroleum tenements includes the cost of acquiring and exercising an option over them.
24 Note: the review must be conducted by a registered company auditor (or if the Entity is a foreign entity, an overseas equivalent of a registered company auditor) or independent accountant.
25 An electronic copy of the ASX Restricted Securities Table is available from the ASX Compliance Downloads page on ASX's website.
26 Note: ASX will advise which restricted securities are required to be escrowed under Listing Rule 9.1.3 as part of the admission and quotation decision. If properly completed restriction agreements and related undertakings have not been provided for all such securities advised by ASX, that will need to be rectified prior to admission occurring and quotation commencing.
Entities (other than mining exploration entities and oil and gas exploration entities) with classified assets27
- Within the 2 years preceding the date of the entity's application for admission to the official list, has the entity acquired, or entered into an agreement to acquire, a classified asset?
If so, where in the Offer Document does it disclose:
- the date of the acquisition or agreement;
- full details of the classified asset, including any title particulars;
- the name of the vendor;
- if the vendor was not the beneficial owner of the classified asset at the date of the acquisition or agreement, the name of the beneficial owner(s);
- details of the relationship between the vendor (or, if the vendor was not the beneficial owner of the tenement at the date of the acquisition or agreement, between the beneficial owner(s)) and the entity or any related party or promoter of the entity; and
- details of the purchase price paid or payable and all other consideration (whether legally enforceable or not) passing directly or indirectly to the vendor.
Is the vendor (or, if the vendor was not the beneficial owner of the classified asset at the date of the acquisition or agreement, is any of the beneficial owner(s)) a related party or promoter of the entity?
If so, please enter "Confirmed" in the column to the right to indicate that the consideration paid by the entity for the classified asset was solely restricted securities, save to the extent it involved the reimbursement of expenditure incurred in developing the classified asset28 or the entity was not required to apply the restrictions in Appendix 9B under Listing Rule 9.1.3 (Listing Rule 1.1 Condition 10)
Please also provide a copy of the agreement(s) relating to the acquisition entered into by the entity and any expert's report or valuation obtained by the entity in relation to the acquisition
Mining entities
- A completed Appendix 1A Information Form and Checklist Annexure I (Mining Entities)29
27 A "classified asset" is defined in Listing Rule 19.12 as:
(a) an interest in a mining exploration area or oil and gas exploration area or similar tenement or interest;
(b) an interest in intangible property that is substantially speculative or unproven, or has not been profitably exploited for at least three years, and which entitles the entity to develop, manufacture, market or distribute the property;
Yes. Refer to the agreement to acquire 100% of the shares in Parazero Ltd, a company incorporated in Israel and the owner of the technology on which the Company intends to focus post listing.
N/A
N/A
N/A
(c) an interest in an asset which, in ASX's opinion, cannot readily be valued; or
(d) an interest in an entity the substantial proportion of whose assets (held directly, or through a controlled entity) is property of the type referred to in paragraphs (a), (b) and (c) above.
28 ASX may require evidence to support expenditure claims.
29 An electronic copy of Appendix 1A Information Form and Checklist Annexure I (Mining Entities) is available from the ASX Compliance Downloads page on ASX's website.
No Item Location/Confirmation
Oil and gas entities
- A completed Appendix 1A Information Form and Checklist Annexure II (Oil and Gas Entities)30
Entities incorporated or established outside of Australia
- A completed Appendix 1A Information Form and Checklist Annexure III (Foreign Entities)31
Externally managed entities
- A completed Appendix 1A Information Form and Checklist Annexure IV (Externally Managed Entities)32
Stapled entities
- A completed Appendix 1A Information Form and Checklist Annexure V (Stapled Entities)33
Further documents to be provided before admission to the official list
Please note that in addition to the information and documents mentioned above, all entities will be required to provide the following before their admission to the official list and the quotation of their securities commences:
- A statement setting out the names of the 20 largest holders in each class of securities to be quoted, and the number and percentage of each class of securities held by those holders;
- A distribution schedule of each class of equity securities to be quoted, setting out the number of holders in the categories:
- 1 1,000
- 1,001 5,000
- 5,001 10,000
- 10,001 100,000
- 100,001 and over
- The number of holders of a parcel of securities (excluding restricted securities) with a value of more than $2,000, based on the issue/sale price;
- Any outstanding restriction agreements (Appendix 9A) and related undertakings;34 and
- Any other information that ASX may require under Listing Rule 1.17.35
N/A
N/A
N/A
N/A
30 An electronic copy of Appendix 1A Information Form and Checklist Annexure II (Oil & Gas Entities) is available from the ASX Compliance Downloads page on ASX's website.
31 An electronic copy of Appendix 1A Information Form and Checklist Annexure III (Foreign Entities) is available from the ASX Compliance Downloads page on ASX's website.
32 An electronic copy of Appendix 1A Information Form and Checklist Annexure IV (Externally Managed Entities) is available from the ASX Compliance Downloads page on ASX's website.
33 An electronic copy of Appendix 1A Information Form and Checklist Annexure V (Stapled Entities) is available from the ASX Compliance Downloads page on ASX's website.
34 See note 26 above.
35 Among other things, this information may include evidence (such as copies of the entity's share register, bank statements, application forms and cheques) to demonstrate compliance with the minimum spread requirements in Listing Rule 1 Condition 7.