SEAFARMS GROUP LIMITED — Capital/Financing Update 2021

Aug 19, 2021

seafarms

ASX Announcement | 20 August 2021

Seafarms Group Limited (ASX:SFG)
SFG Announcement No. 701

Seafarms Group Supplementary Options Prospectus Registered

Sustainable aquaculture company Seafarms Group Limited (Seafarms or the Company) advises that Seafarms is extending the closing date for the option offers under the Options Prospectus, dated 30 July 2021, to 5.00pm (AWST) on Friday, 17 September 2021.

Attached is a Supplementary Prospectus lodged with ASIC today.

Approved and authorised for release by Seafarms’ Disclosure Committee.

Ends.

For further information, please contact:

Seafarms Group

Mr Harley Whitcombe
Company Secretary
P: (08) 9216 5200

Media / Investor Enquiries

True North Strategic Communication
Penny Baxter
P: +61 437 522 532
E: penny@truenorthcomm.com.au

About Seafarms Group

Seafarms Group Limited (ASX:SFG) is a sustainable aquaculture company, producing the premium Crystal Bay® Prawns and developing the Project Sea Dragon prawn aquaculture project in northern Australia.

Seafarms Group uses environmentally sustainable processes and is currently Australia’s largest producer of farmed prawns, its Crystal Bay® Prawns and Crystal Bay® Tigers are available year round in fresh and frozen formats. To learn more please visit: www.crystalbayprawns.com.au

Seafarms Group is investing in sustainable aquaculture for export through Project Sea Dragon, a large-scale, vertically integrated, land-based, prawn aquaculture project being developed in northern Australia. The standalone marine prawn production system will be capable of annually producing over 150,000 tonnes of prawns and the high-quality, year-round volumes will target export markets. To learn more please visit: www.seafarms.com.au

Seafarms Group Limited (ASX:SFG)
ABN: 50 009 317 846
Level 11, 225 St Georges Terrace
Perth WA 6000 Australia
PO BOX 7312 Cloisters Square
Perth WA 6850 Australia
T +61 8 9216 5200
F +61 8 9216 5199
E info@seafarms.com.au
W seafarms.com.au
Seafarms Group Limited is a corporate authorised representative ("CAR") (Number 420079)
of CO2 Group Financial Services Pty Ltd (ABN 92 142 542 774 AFSL 388086)

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SEAFARMS GROUP LIMITED
ACN 009 317 846

Supplementary Prospectus

Important information

This supplementary prospectus (Supplementary Prospectus) of Seafarms Group Limited ACN 009 317 846 (Seafarms or the Company) is dated 20 August 2021 and was lodged with ASIC on that date under section 719 of the Corporations Act.

This Supplementary Prospectus supplements the Options Prospectus dated 30 July 2021 issued by Seafarms and lodged with ASIC on that date, and must be read in conjunction with the Options Prospectus.

Terms used in this Supplementary Prospectus have the same meaning as in the Options Prospectus unless otherwise defined or the contrary intention appears. Other than the changes set out in this Supplementary Prospectus, all other details in relation to the Options Prospectus remain unchanged. If there is a conflict between the Options Prospectus and this Supplementary Prospectus, this Supplementary Prospectus will prevail.

ASIC and ASX take no responsibility for the contents of this Supplementary Prospectus or the Options Prospectus.

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1 Purpose of the Supplementary Prospectus

The Company has issued this Supplementary Prospectus for the purpose of extending the Closing Date for the Options Offer under the Options Prospectus.

2 Updates to the Option Prospectus

2.1 Closing Date extended

The Company has decided to extend the Closing Date for the Option Offers to 5.00pm (AWST) on Friday, 17 September 2021. At this stage, the grant of Options pursuant to the Option Offers remains scheduled for Tuesday, 24 August 2021.

Subject to any applicable requirements of the Corporations Act or the Listing Rules, the Company reserves the right to vary these dates without prior notice and in particular to close the Option Offers early or to extend the date for grant of Options under the Option Offers.

2.2 Update to capital structure

As at the date of this Supplementary Prospectus, the Company has 4,790,919,634 shares on issue.

2.3 Update to Announcements

The Company has made the following announcements on or after the date the Options Prospectus was lodged with ASIC.

18/08/2021	SFG Change in Directors Interests
18/08/2021	Application for quotation of securities - SFG
17/08/2021	SFG Change in Substantial Holder Notices
16/08/2021	Change in substantial holding
13/08/2021	SFG Cleansing Notice
13/08/2021	Application for quotation of securities - SFG
13/08/2021	Update – Proposed issue of securities - SFG
13/08/2021	SFG SPP Results
30/07/2021	SFG Options Prospectus
30/07/2021	SFG EGM All Resolutions Passed
30/07/2021	SFG EGM Chairman's Overview

3 Directors' consent and authorisation

This Supplementary Prospectus is issued by the Company and its issue has been authorised by a resolution of the Directors.

In accordance with section 720 of the Corporations Act, each Director has consented to the lodgement of this Supplementary Prospectus with ASIC and has not withdrawn that consent prior to its lodgement with ASIC.

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Mr Harley Whitcombe
Executive Director and Company Secretary
For and on behalf of
SEAFARMS GROUP LIMITED