Notice

Weebit Nano Limited (previously Radar Iron Limited) – Reinstatement to Official Quotation

What's this about:
  • ASX Market
  • Trading
  • Compliance
  • Other
  • Equities
  • Cash
  • Reinstatement to Official Quotation
Notice reference number: 0894.16.08
Date published: 02/08/16
Effective as of: 03/08/16
Last updated: 02/08/16

The securities of Weebit Nano Limited (the “Company”) were suspended from Official Quotation on 18 May 2016. The securities of the Company will be reinstated to Official Quotation from the commencement of trading on Wednesday, 3 August 2016, following the Company’s compliance with listing rule 11.1.3 and chapters 1 and 2 of the ASX Listing Rules. 

Quoted securities:

517,632,904 fully paid ordinary shares

ASX code: 

WBT

Time: 

10:00 AM (AEST)

Date:

Wednesday, 3 August 2016

ASX Trade abbreviation: 

WEEBITNANO

ISIN:

AU000000WBT5

Home branch: 

Perth

Industry classification: 

To be advised

Registered office: 

Suite 8

55 Hampden Road

Nedlands WA 6009

Tel:   +61 8 9389 9919

Company secretary: 

Mr Damon Sweeny

Share registry:

Security Transfer Registrars Pty Ltd

770 Canning Highway

Applecross WA 6153 

Tel: +61 8 9315 2333

Fax: +61 8 9315 2233

Balance date:

30 June

CHESS: 

Participating. The Company will also operate an issuer sponsored sub-register.

Place of incorporation:

Western Australia

Dividend policy:

See section 7.7 on page 37 of the Company’s prospectus dated 3 May 2016 (“Prospectus”).

Activities:

The Company is a data memory technology business seeking to develop and commercialise its ReRAM silicon oxide technology.

Restricted securities: 

576,355,785 fully paid ordinary shares, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from the date of reinstatement.

74,087,526 fully paid ordinary shares, classified by ASX as restricted securities to be held in escrow for a period of 12 months from the date of issue.

50,000,000 unquoted options each exercisable at a 25% premium to the price of $0.05 and expiring on the date that is 3 years from the date of issue will be escrowed for a period of 24 months from the date of reinstatement. 

17,304,545 unquoted performance rights as set out at section 14.6 of the Prospectus will be escrowed for a period of 24 months from the date of reinstatement.

Securities not quoted:

5,000,000 unquoted options exercisable at $0.05 each, expiring on 16 September 2018.

8,000,000 unquoted options exercisable at $0.05 each, expiring on 31 October 2017.

10,500,000 unquoted options exercisable at $0.01 each, expiring on 30 June 2017.

What do I need to do by when?

For further details, please refer to the Company’s prospectus dated 3 May 2016.

Need more information?

Issued by

Sandra Wutete, Senior Adviser, Listings Compliance (Perth)

Contact information

Sandra Wutete
+61 (08)  9224 0000
info@asx.com.au

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