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STRAKER LIMITED Capital/Financing Update 2021

Jun 14, 2021

65867_rns_2021-06-14_4d68fe11-e5ff-4b9b-bc43-811b57ed51d6.pdf

Capital/Financing Update

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ASX announcement

15 June 2021

Section 708A(5)(e) on-sale cleansing notice – issue of placement shares Straker Translations Limited (ASX: STG)

Straker Translations Limited ( ASX: STG ) ( Company ) has today issued 7,894,737 fully paid ordinary shares at a price of A$1.90 per share to raise A$15 million ( Placement Shares ) by way of a placement to institutional, sophisticated and professional investors as outlined in the Company’s announcement dated Friday, 4 June 2021.

In addition, the Company also issued 2,606,253 new fully paid ordinary shares in the Company at an issue price of A$1.90 under the accelerated component of the Entitlement Offer (raising approximately $5 million) also announced on Friday, 4 June 2021.

An Appendix 2A with details of the share issues accompanies this notice.

As required by section 708A(6) of the Corporations Act 2001 (Cth) ( Corporations Act ), the Company gives notice that:

(a) the Placement Shares have been issued without disclosure to investors under Part 6D.2 of the Corporations Act;
(b) this notice is given under section 708A(5)(e) of the Corporations Act;
(c) as at the date of this notice, the Company has complied with:
- a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
- b. section 674 of the Corporations Act; and
(d) as at the date of this notice, there is no excluded information (within the meaning of subsections 708A(7) and 708A(8) of the Corporations Act) to be disclosed under section 708A(6)(e) of the Corporations Act.

This announcement has been authorised for release to ASX by the Company’s Board of Directors.