SPACETALK LTD — Share Issue/Capital Change 2019

Nov 28, 2019

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

MGM WIRELESS LIMITED

Applicable security for the reorganisation

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MWR ORDINARY FULLY PAID
MWRAN OPTION EXPIRING 30-APR-2020 EX $1.40
MWRAP OPTION EXPIRING VARIOUS DATES EX
VARIOUS PRICES
MWRAR RETENTION RIGHT
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Announcement Type

Update to previous announcement Date of this announcement Friday November 29, 2019 Reason for the Update

Share split approved by shareholders at the MGM Wireless Ltd Annual General Meeting held on 29 November 2019.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

MGM WIRELESS LIMITED

Registration Number

1.2 *Registered Number Type

ACN 091351530

1.3 *ASX issuer code

MWR

1.4 *The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Share split approved by shareholders at the MGM Wireless Ltd Annual General Meeting held on 29 November 2019.

Notification of Consolidation/Split

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Notification of Consolidation/Split

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

Thursday October 31, 2019

1.5 *Date of this announcement

Friday November 29, 2019

1.6 *Securities affected by the reorganisation

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MWR ORDINARY FULLY PAID
MWRAN OPTION EXPIRING 30-APR-2020 EX $1.40
MWRAP OPTION EXPIRING VARIOUS DATES EX
VARIOUS PRICES
MWRAR RETENTION RIGHT
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Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation 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 reorganisation.

Yes

2.2 Approvals

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Approval/Condition Date for determination Is the date estimated Approval
+Security holder Friday November 29, or actual? received/condition
approval 2019 Actual met?
Yes
Comments
Share split approved by shareholders at the MGM Wireless Ltd Annual General Meeting held on 29 November
2019.
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Part 3 - Reorganisation timetable and details

3.1 *+Record date

Wednesday December 4, 2019

3.2 Date of +security holder meeting

Friday November 29, 2019

3.3 Last day for trading in the pre-re-organised +securities

Monday December 2, 2019

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3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement

basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Tuesday December 3, 2019

3.5 Record date

Wednesday December 4, 2019

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Thursday December 5, 2019

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Wednesday December 11, 2019

3.8 Trading starts on a normal T+2 basis

Thursday December 12, 2019

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

Monday December 16, 2019

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security split

4.1b *Split ratio: the +securities will be split on the basis that every

1

(pre-split) +security (/ies) will be divided into

10

(post-split) +securities.

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

ASX +Security Code ASX +Security MWR Description ORDINARY FULLY PAID Quoted/unquoted Number on issue Number on issue after Estimate/Actual Quoted before reorganisation reorganisation Actual 14,132,148 141,321,480

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ASX +Security Code ASX +Security
MWRAN Description
OPTION EXPIRING
30-APR-2020 EX
$1.40
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Actual
240,000 2,400,000
ASX +Security Code ASX +Security
MWRAP Description
OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Actual
1,660,000 16,600,000
ASX +Security Code ASX +Security
MWRAR Description
RETENTION RIGHT
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Actual
38,000 380,000
5.2 Exercise price of options
ASX +Security Code ASX +Security Description
MWRAN OPTION EXPIRING
30-APR-2020 EX $1.40
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
1.40000000 0.14000000
ASX +Security Code ASX +Security Description
MWRAP OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.00000000 0.00000000
ASX +Security Code ASX +Security Description
MWRAR RETENTION RIGHT
Quoted/unquoted Exercise price before Exercise price after
Unquoted reorganisation reorganisation
0.00000000 0.00000000
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Part 6 - Further information

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6.1 Further information relating to the reorganisation

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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