SPRINTEX LIMITED — Capital/Financing Update 2022

Feb 23, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

SPRINTEX LIMITED

Date of this announcement

Thursday February 24, 2022

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Performance rights	20,520,000	23/02/2022
to be confirmed

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

SPRINTEX LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

38106337599

1.3 ASX issuer code

SIX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

24/2/2022

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code New class - code to be confirmed	+Security description Performance rights
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

23/2/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Steven Apedaile	Steven Apedaile	2,500,000
Jay Upton	Top Fuel Promotions Pty Ltd	5,000,000
Li Chen	Li Chen	5,000,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20211111/pdf/452w6yn0d7c7tk.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.asx.com.au/asxpdf/20211111/pdf/452w6yn0d7c7tk.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

20,520,000 performance rights were issued to employees, management, and directors. The performance rights vest into fully paid ordinary shares in two tranches as follows:

o 50% - Tranche A: The Performance Rights will vest and be convertible into one (1) Share on the achievement of $10,000,000 of annual revenue by 30 June 2023 (validated by audited/reviewed financial reports); and

o 50% - Tranche B: The Performance Rights will vest and be convertible into one (1) Share on the achievement of profitability by 30 June 2023 (validated by audited/reviewed financial reports).

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Issue details

Number of +securities

20,520,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
SIX : ORDINARY FULLY PAID	242,020,993
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
SIXAS : OPTION EXPIRING 13-DEC-2022 EX $0.10	486,670
SIXAP : OPTION EXPIRING 12-APR-2024 EX $0.086	5,000,000
SIXAR : OPTION EXPIRING 19-MAY-2024 EX $0.086	3,000,000
SIXAQ : OPTION EXPIRING 19-MAY-2024 EX $0.015	2,000,000
New class - code to be confirmed : Performance rights	20,520,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

10/12/2021

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