Notice of Annual General Meeting/Proxy Form
Released
Released
Announcement PDF
ASX Release
20 October 2026
Notice of Annual General Meeting & Proxy Form
Decidr AI Industries Ltd (ASX: DAI) (“DAI” or “the Company”), an agentic AI enablement group and owner
of Decidr.ai Pty Ltd (“Decidr”) and Sugarwork, Inc. (“Sugarwork”), advises that the Annual General
Meeting of Shareholders will be held at 11:00am (AEDT) on Friday, 20 November 2026 at Level 20, 347
Kent Street, Sydney NSW 2000 and as a virtual meeting.
In accordance with Listing Rule 3.17, attached are the following documents:
• Notice of Annual General Meeting;
• Letter to Shareholders; and
• Proxy Form.
-Ends-
For further information, please contact:
David Brudenell
Executive Chairman, Decidr AI Industries Ltd
E: dbrudenell@decidrindustries.ai
This announcement has been authorised for release by the Board of DAI.
About Decidr AI Industries (ASX:DAI)
Decidr AI Industries (ASX:DAI) is an AI-enablement group building the infrastructure that allows
organisations to become truly AI-native. The company owns 100% of Decidr.ai, developer of the Decidr
Agentic Operating System—technology that unifies business data, workflows, and decisions into a
deterministic, enterprise-grade AI layer.
DAI also owns Sugarwork, a leading knowledge-capture and workflow-automation platform, and Rumi,
its ambient meeting intelligence technology integrated into Sugarwork, further strengthening its
capabilities in organisational intelligence and enterprise AI adoption.
With these combined assets, DAI is accelerating product development, expanding into new industries
and geographies, and enabling its portfolio and partners to unlock rapid growth through scalable,
agentic AI.
To be updated on all DAI activities, news and access historical information register on the DAI Investor
Portal: https://decidrindustries.ai/auth/signup
For more information see https://decidrindustries.ai
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 1 of 16
Notice of
Annual General Meeting
Explanatory Statement | Proxy Form
Decidr AI Industries Ltd
ACN 614 347 269
Notice is given that the Annual General Meeting (AGM or the Meeting) of Shareholders of Decidr AI Industries Ltd
(ASX: DAI) (Decidr AI Industries or the Company) will be held as follows:
Date Friday, 20 November 2026
Time 11:00am (AEDT)
Venue Location Level 20, 347 Kent Street, Sydney NSW 2000 and as a virtual meeting
This Notice of Meeting should be read in its entirety. If Shareholders are uncertain about how to vote, they are
encouraged to consult their professional advisors before casting their vote.
The accompanying Explanatory Statement provides further details regarding the matters to be addressed at the
Meeting. This Notice of Meeting comprises the Explanatory Statement and the Proxy Form.
In accordance with Regulation 7.11.37 of the Corporations Regulations 2001 (Cth), the Directors have determined
that those eligible to vote at the Annual General Meeting will be Shareholders registered as of 7:00pm (AEDT) on
Wednesday, 18 November 2026.
Definitions of terms and abbreviations used in this Notice of Meeting and the Explanatory Statement can be found in
the Glossary.
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 2 of 16
Meeting Information
Important Information for Shareholders about the Company’s 2026 AGM
This Notice of Meeting (Notice) is given based on circumstances as at Tuesday, 20 October 2026.
Should circumstances change, the Company will make an announcement on the ASX market announcements platform
and on the Company’s website at https://www.decidr.ai.
Shareholders are urged to monitor both the ASX market announcements platform and the Company’s website for any
changes leading up to the AGM date.
Venue and Voting Information
The Annual General Meeting of Shareholders to which this Notice of Meeting relates will be held at 11:00am (AEDT)
on Friday, 20 November 2026 at Level 20, 347 Kent Street, Sydney NSW 2000 and online via investor.automic.com.au
Attending the Meeting Virtually
Shareholders may attend the AGM online via the webcast and voting platform at investor.automic.com.au. Subject
to the Company’s Constitution, participating online will be treated as attendance in person for quorum, voting and
questioning purposes.
Your vote is important
The business of the Annual General Meeting affects your shareholding and your vote is important.
Voting in person
To vote in person, attend the Annual General Meeting on the date and at the location set out above.
Voting Virtually
Shareholders who wish to vote virtually on the day of the AGM can do so by logging into the Automic shareholder
portal.
1. Open your internet browser and go to investor.automic.com.au.
2. Login using your username and password. If you do not already have an account, click “Register” and follow
the prompts. Shareholders will require their holder number (Securityholder Reference Number (SRN) or
Holder Identification Number (HIN)) to create an account with Automic. Shareholders are encouraged to
register prior to the commencement of the Meeting to avoid delays in accessing the virtual platform.
3. After logging in, a banner will appear at the bottom of your screen when the Meeting is open for
registration. Click “Register”. Alternatively, select Meetings from the left-hand menu.
4. Click on “Join Meeting” and follow the prompts.
5. When the Chair of the Meeting declares the poll open, select the “Voting” dropdown menu on the right-
hand side of your screen.
6. Select either the “Full” or “Allocate” option to access your electronic voting card.
7. Follow the prompts to record your voting direction for each resolution and click “Submit votes”. For
allocated votes, the number of votes submitted must not exceed your remaining available units. Important:
Votes cannot be amended once submitted.
We recommend joining 15 minutes before the start time.
You can watch the live webcast, submit questions in real time, and vote when the Chair opens the poll. All
resolutions will be decided by poll. If you appoint a proxy, they may also attend and vote online. For further
information on the live voting process please see the Registration and Voting Guide at
https://www.automicgroup.com.au/virtual-agms/.
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 3 of 16
Voting by proxy
To vote by proxy, please use one of the methods outlined in the table below. Shareholders will need their holder
number (Securityholder Reference Number (SRN)) or (Holder Identification Number (HIN)) as shown on the front of
the Proxy Form.
Online Lodge the Proxy Form online at https://investor.automic.com.au/#/loginsah by following the
instructions: Login to the Automic website using the holding details as shown on the Proxy Form. Click
on ‘View Meetings’ – ‘Vote’. To use the online lodgement facility, Shareholders will need their holder
number (Securityholder Reference Number (SRN) or Holder Identification Number (HIN)) as shown on
the front of the Proxy Form.
For further information on the online proxy lodgement process please see the Online Proxy Lodgement
Guide at https://www.automicgroup.com.au/virtual-agms/
By post Automic, GPO Box 5193, Sydney NSW 2001
By hand Automic, Level 5, 126 Phillip Street, Sydney NSW 2000
By email Completing the enclosed Proxy Form and emailing it to: meetings@automicgroup.com.au
Your Proxy instruction must be received not later than 48 hours before the commencement of the Meeting.
Proxy Forms received later than this time will be invalid.
Questions to the Board and Management
Shareholders will have a reasonable opportunity at the Annual General Meeting to ask questions relating to the
management of the Company and any items of business set out in this Notice of Meeting. To assist with the efficient
conduct of the AGM, Shareholders are also invited to submit written questions in advance of the meeting. These
may be directed to the Board, the Company’s management, or relate to any agenda items.
Please send written questions to the Company Secretary at: meetings@confidantpartners.com.au
Questions must be received by 13 November 2026 to ensure they can be addressed at the Meeting. Similar
questions may be grouped and answered together.
Power of Attorney
If the proxy form is signed under a power of attorney on behalf of a Shareholder, then the attorney must make sure
that either the original power of attorney or a certified copy is sent with the proxy form, unless the power of
attorney has already provided it to the Share Registry.
Corporate Representatives
If a representative of a corporate shareholder or a corporate proxy will be attending the Meeting, the representative
should bring to the Meeting adequate evidence of their appointment, unless this has previously been provided to
the Share Registry.
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 4 of 16
BUSINESS OF THE MEETING
Ordinary Business
Financial Statements and Reports
“To receive and to consider the Annual Financial Report of the Company for the financial year ended 30 June 2026
together with the declaration of the Directors, the Directors’ Report, the Remuneration Report and the Auditor’s
Report for that financial year.”
Note: This item of ordinary business is for discussion only and is not a resolution.
Pursuant to the Corporations Act, Shareholders will be given a reasonable opportunity at the Meeting to ask
questions about, or make comments in relation to, each of the reports during consideration of these items.
Resolutions
Resolution 1 – Adoption of Remuneration Report
To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution:
“That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the
adoption of the Remuneration Report as contained in the Company’s Annual Financial Report for the financial year
ended 30 June 2026.”
Note: The vote on this Resolution is advisory only and does not bind the Directors or the Company.
Resolution 2 – Re-election of Adrian Bunter as Director
To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution:
“That, Adrian Bunter, a Director who retires by rotation in accordance with the Company’s Constitution and ASX
Listing Rule 14.5 and being eligible offers himself for re-election as a Director of the Company, effective immediately.”
Resolution 3 – Approval of an additional 10% Placement Capacity under ASX Listing Rule 7.1A
To consider and, if thought fit, to pass the following resolution as a Special Resolution:
"That, for the purposes of ASX listing Rule 7.1A and for all other purposes, the Shareholders approve the issue of
equity securities up to 10% of the issued capital of the Company (at the time of issue) calculated in accordance with
the formula prescribed in ASX listing Rule 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory
Statement which accompanies and forms part of this Notice of Meeting.”
Resolution 4 – Ratification of prior issue of Placement Shares under ASX Listing Rule 7.1A
To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution:
“That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the allotment and
prior issue of 24,590,168 Placement Shares issued on 14 May 2026 and otherwise on the terms and conditions set out
in the Explanatory Statement which accompanies and forms part of this Notice of Meeting.”
Resolution 5 – Appointment of Auditor
To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution:
“That, subject to ASIC’s consent to the current auditor, Horizon Nexus Partners, resigning, Shareholders approve the
resignation of Horizon Nexus Partners and appoint Ernst & Young as auditor of the Company, Ernst & Young having
been nominated by a member of the Company and having consented to act as auditor of the Company, such
appointment to take effect from the later of (1) the date specified by ASIC as the effective date of its consent to the
resignation of Horizon Nexus Partners, (2) the date of receipt of ASIC’s consent to the resignation of Horizon Nexus
Partners, and (3) the date of the Meeting.”
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 5 of 16
Voting Exclusion and Prohibition Statements
Resolution(s) Affected Voting Exclusion and/or Prohibition Statement
Resolution 1 - Adoption
of Remuneration Report
Voting Exclusion Statement
In accordance with the Corporations Act, the Company will disregard any votes cast
on Resolution 1 by or on behalf of a member of the Company’s key management
personnel (including the Directors), whose remuneration details are included in the
Remuneration Report (KMP), or any of that person’s Closely Related Parties (such as
close family members and any controlled companies of those persons) (collectively
referred to as Restricted Voter). However, the Company need not disregard a vote if:
(a) it is cast by a person as a proxy appointed in writing that specifies how the proxy
is to vote on Resolution 1; and
(b) it is not cast on behalf of a Restricted Voter.
If you appoint the person chairing the Meeting (Chair) and you are not a Restricted
Voter, by submitting the Proxy Form you authorise the person chairing the Meeting
to exercise the proxy even though the Chair is connected directly or indirectly with
the remuneration of a KMP, and you will be taken to have directed the Chair to vote
in accordance with their stated intention to vote in favour of Resolution 1. If you do
not want your vote exercised in favour of Resolution 1, you should direct the person
chairing the Meeting to vote “against”, or to abstain from voting on, this Resolution.
Resolution 3 - Approval
of an additional 10%
Placement Capacity
under ASX Listing Rule
7.1A
Voting Exclusion Statement
The Company will disregard any votes cast in favour of Resolution 3 by or on behalf
of:
(a) a person who is expected to participate in, or who will obtain a material benefit
as a result of, the proposed issue (except a benefit solely by reason of being a
holder of ordinary securities in the Company); or
(b) an Associate of that person or those persons.
However, this does not apply to a vote cast in favour of Resolution 3 by:
(i) a person as proxy or attorney for a person who is entitled to vote on the
Resolution, in accordance with directions given to the proxy or attorney to vote
on the Resolution in that way; or
(ii) the Chair of the Meeting as proxy or attorney for a person who is entitled to vote
on the Resolution, in accordance with a direction given to the Chair to vote on
the Resolution as the Chair decides; or
(iii) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity
on behalf of a beneficiary provided the following conditions are met:
• the beneficiary provides written confirmation to the holder that the
beneficiary is not excluded from voting, and is not an associate of a
person excluded from voting, on the Resolution; and
• the holder votes on the Resolution in accordance with directions given
by the beneficiary to the holder to vote in that way.
Resolution 4 -
Ratification of prior issue
of Placement Shares
under ASX Listing Rule
7.1A
Voting Exclusion Statement
The Company will disregard any votes cast in favour of Resolution 4 by or on behalf
of:
(a) a person who participated in the issue or is a counterparty to the agreement
being approved; or
(b) an Associate of that person or those persons.
However, this does not apply to a vote cast in favour of Resolution 4 by:
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 6 of 16
(i) a person as proxy or attorney for a person who is entitled to vote on the
Resolution, in accordance with directions given to the proxy or attorney to vote
on the Resolution in that way; or
(ii) the Chair of the Meeting as proxy or attorney for a person who is entitled to
vote on the Resolution, in accordance with a direction given to the Chair to vote
on the Resolution as the Chair decides; or
(iii) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity
on behalf of a beneficiary provided the following conditions are met:
• the beneficiary provides written confirmation to the holder that the
beneficiary is not excluded from voting, and is not an associate of a
person excluded from voting, on the Resolution; and
• the holder votes on the Resolution in accordance with directions given by
the beneficiary to the holder to vote in that way.
BY ORDER OF THE BOARD
David Hwang
Company Secretary
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 7 of 16
Explanatory Statement
This Explanatory Statement has been prepared for the information of the Shareholders in connection with the
business to be conducted at the Annual General Meeting to be held at 11:00am (AEDT) on Friday, 20 November
2026 at Level 20, 347 Kent Street, Sydney NSW 2000 and online.
The purpose of this Explanatory Statement is to provide information which the Directors believe to be material to
Shareholders in deciding whether or not to pass the Resolutions in the Notice of Meeting.
If you are in any doubt about what to do in relation to the Resolutions contemplated in the Notice of Meeting and
this Explanatory Statement, it is recommended that you seek advice from an accountant, solicitor or other
professional advisor.
Financial Statements and Reports
In accordance with the Constitution and the Corporations Act, the business of the Annual General Meeting will
include receipt and consideration of the Annual Financial Report of the Company for the financial year ended 30
June 2026 together with the declaration of the Directors, the Director’s Report, the Remuneration Report and the
Auditor’s Report.
In accordance with the amendments to the Corporations Act, the Company is no longer required to provide a hard
copy of the Company’s Annual Financial Report to Shareholders unless a Shareholder has specifically elected to
receive a printed copy.
Whilst the Company will not provide a hard copy of the Company’s Annual Financial Report unless specifically
requested to do so, Shareholders may view the Company Annual Financial Report on its website at
https://www.decidr.ai.
No resolution is required for this item, but Shareholders will be given the opportunity to ask questions and to make
comments on the management and performance of the Company.
The Company’s auditor will be present at the Meeting. During the discussion of this item, the auditor will be
available to answer questions on the:
▪ Conduct of the audit;
▪ Preparation and content of the Auditor’s Report;
▪ Accounting policies adopted by the Company in relation to the preparation of the financial statements; and
▪ Independence of the auditor in relation to the conduct of the audit.
Written Questions to the Auditor
If you would like to submit a written question about the content of the Auditor’s Report or the conduct of the audit
of the Annual Financial Report, please send your question to the Company Secretary. A list of qualifying questions
will be made available at the Meeting.
Please note that all written questions must be received at least five Business Days before the Meeting, which is by 13
November 2026.
Resolution 1 – Adoption of Remuneration Report
In accordance with section 250R(2) of the Corporations Act, the Company is required to present to its Shareholders
the Remuneration Report as disclosed in the Company’s Annual Financial Report.
The vote on the Resolution is advisory only and does not bind the Directors or the Company. The Remuneration
Report is set out in the Company’s Annual Financial Report and is also available on the Company’s website at
https://www.decidr.ai
However, if at least 25% of the votes cast are against the adoption of the Remuneration Report at the Meeting
(subject of this Notice of Meeting), and then again at the 2027 Annual General Meeting (2027 AGM) the Company
will be required to put to the vote a resolution (Spill Resolution) at the 2027 AGM to approve the calling of a further
meeting (Spill Meeting). If more than 50% of Shareholders vote in favour of the Spill Resolution, the Company must
convene the Spill Meeting within 90 days of the 2027 AGM. All of the Directors who were in office when the 2027
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 8 of 16
Directors’ Report was approved, other than the Managing Director, will (if desired) need to stand for re-election at
the Spill Meeting.
The Remuneration Report explains the Board’s policies in relation to the nature and level of remuneration paid to
KMPs (including Directors) and sets out remuneration details, service agreements and the details of any share-based
compensation.
Voting Exclusion
A voting exclusion applies to this Resolution and is set out in the Voting Exclusion and Prohibition Statements.
Directors’ Recommendation
The Board is not making a recommendation for this Resolution.
Chair’s Intention
The Chair intends to vote all undirected proxies in favour of this Resolution.
Resolution 2 - Re-election of Adrian Bunter as a Director
The Constitution and Listing Rule 14.5 require an election of Directors to be held at each annual general meeting.
Where no Director is otherwise required to stand for election or re-election at the meeting, article 7.2(b)(iv) of the
Constitution permits any Director who wishes to retire to stand for re-election.
Listing Rule 14.4 and article 7.2(a) of the Constitution provide that a Director (other than one Managing Director)
must not hold office without re-election past the third annual general meeting following the Director’s appointment
or last election, or for more than 3 years, whichever is the longer.
Adrian Bunter was appointed a Director of the Company on 15 March 2024 and was last elected as a Director at the
2024 AGM.
Under this Resolution, Adrian Bunter has elected to retire by rotation, and being eligible, seeks re-election as a
Director of the Company at this AGM.
Biography of Adrian Bunter
Adrian is a partner of Modus Partners Australia, a boutique specialist technology, media and commerce financial
advisory firm operating out of Australia and AsiaPac. He is an experienced professional adviser and non-executive
director with over 25 years' experience working with both established and early-stage businesses to assist them with
transactions and growth ranging from mergers and acquisitions, divestments of businesses, debt/equity raising, IPOs
and strategy development and execution. Adrian’s first 16 years of his career were with PwC working with private
businesses before focusing purely on corporate advisory in the broad technology sector in specialist firms.
Adrian has worked with many early-stage businesses as a hands-on adviser and angel investor to help commercialise,
grow and to increase the value of the business.
Adrian is also on the board of and advises several high growth, technology businesses, ranging from early-stage pre-
revenue companies through to early-stage ASX listed companies Carly Holdings Limited (ASX:CL8) and 8Common
Limited (ASX:8CO) through to larger high growth businesses, like ezyCollect and Australian unicorn, Employment
Hero. Adrian is also a member of the Executive Committee of one of Australia’s leading angel investing group,
Sydney Angels.
Adrian is a Chartered Accountant, a Senior Associate of Finsia and has completed a Bachelor of Business and a
Graduate Diploma in Applied Finance.
Directors’ Recommendation
Adrian Bunter has an interest in this Resolution and therefore does not make a recommendation. The other
Directors recommend a vote in favour of this Resolution.
Chair’s Intention
The Chair intends to vote all undirected proxies in favour of this Resolution.
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 9 of 16
Resolution 3 - Approval of an additional 10% Placement Capacity under ASX Listing Rule 7.1A
ASX Listing Rule 7.1 and 7.1A
Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of equity securities that a
listed company can issue without the approval of its shareholders over any 12-month period to 15% of the fully paid
ordinary securities it had on issue at the start of that period.
Under Listing Rule 7.1A, however, an eligible entity can seek approval from its members, by way of a special
resolution passed at its annual general meeting, to add an additional 10% capacity. An eligible entity for the
purposes of Listing Rule 7.1A is an entity that is not included in the S&P/ASX 300 Index and has a market
capitalisation less than the amount prescribed by ASX (currently $300 million).
As at 24 August 2026, the Company has a market capitalisation of approximately $130.41 million and therefore is an
eligible entity. If at the time of the Meeting the Company is no longer an eligible entity this Resolution will be
withdrawn.
This Resolution seeks Shareholder approval by way of a special resolution for the Company to have the additional
10% capacity provided for in Listing Rule 7.1A to issue equity securities without Shareholder approval.
If this Resolution is passed, the Company will be able to issue equity securities up to the combined 25% limit in
Listing Rules 7.1 and 7.1A without any further Shareholder approval.
If this Resolution is not passed, the Company will not be able to access the additional 10% capacity to issue equity
securities without Shareholder approval provided for in Listing Rule 7.1A and will remain subject to the 15% limit on
issuing equity securities without Shareholder approval set out in Listing Rule 7.1.
Information Required by ASX Listing Rule 7.3A
The following information is provided to Shareholders for the purposes of Listing Rule 7.3A.
Period for which the approval will be valid
An approval under this Listing Rule 7.1A commences on the date of the annual general meeting at which the
approval is obtained and expires on the first to occur of the following:
(a) the date which is 12 months after the date of the annual general meeting at which the approval is obtained;
(b) the time and date of the entity’s next annual general meeting; and
(c) the time and date on which Shareholders approve a transaction under Listing Rule 11.1.2 (a significant change to
the nature or scale of activities) or 11.2 (disposal of main undertaking).
Minimum price at which the equity securities may be issued under Listing Rule 7.1A
Any equity securities issued under Listing Rule 7.1A.2 must be an existing quoted class of the Company’s equity
securities and issued for cash consideration.
The issue price per equity security must not be less than 75% of the volume weighted average market price of the
equity securities in that class, calculated over 15 Trading Days on which trades in that class were recorded
immediately before:
(a) the date on which the price at the equity securities are to be issued is agreed by the Company and the recipient
of the equity securities; and
(b) if the equity securities are not issued within 10 trading days of the date in paragraph (a), the date on which the
equity securities are issued.
Purposes for which the funds raised by an issue of equity securities under Listing Rule 7.1A may be used
As noted above, any equity securities issued under Listing Rule 7.1A.2 must be issued for cash consideration.
Accordingly, every issue of equity securities under Listing Rule 7.1A.2 will have an accompanying proposed use of
funds at the time of issue.
As at the date of this Notice, the Company has not formed an intention to offer any equity securities under Listing
Rule 7.1A during the Listing Rule 7.1A mandate period, if Shareholders approve this Resolution. However, if
Shareholders approved this Resolution and the Company did raise funds from the issue of equity securities under
Listing Rule 7.1A, based on the Company’s existing plans, the Company considers that the funds may be used for the
following purposes:
Decidr AI Industries Ltd – Notice of 2026 Annual General Meeting Page 10 of 16
(a) to further develop the Company’s business;
(b) to be applied to the Company’s working capital requirements; and
(c) to acquire assets, in which circumstances the issue of the ordinary shares may be made in substitution for the
Company making a cash payment for the assets.
Risk of economic and voting dilution to existing ordinary Securityholders
If this Resolution is approved, and the Company issues equity securities under Listing Rule 7.1A, the existing
Shareholders’ economic and voting power in the Company will be diluted.
There is a risk that:
(a) the market price for the Company’s equity securities in that class may be significantly lower on the issue date
than on the date of the approval under Listing Rule 7.1A; and
(b) the equity securities may be issued at a price that is at a discount (as described above) to the market price for
the Company’s equity securities on the issue date;
which may have an effect on the amount of funds raised by the issue of equity securities under Listing Rule 7.1A.
The table below shows the potential dilution of existing Securityholders on the basis of 3 different assumed issue
prices and values for the variable “A” in the formula in rule 7.1A.2:
Variable “A” ASX Listing Rule 7.1A.2
Potential Dilution and Funds Raised
$0.19 $0.38 $0.76
50% decrease in
issue price
issue price(b) 100% increase in
issue price
“A” is the number of shares on
issue,(a) being
10% voting
dilution(c)
35,248,448 35,248,448 35,248,448
352,484,488 Shares Funds raised $6,697,205 $13,394,410 $26,788,820
“A” is a 50% increase in shares
on issue, being
10% voting
dilution(c)
52,872,673 52,872,673 52,872,673
528,726,732 Shares Funds raised $10,045,808 $20,091,616 $40,183,231
“A” is a 100% increase in
shares on issue, being
10% voting
dilution(c)
70,496,897 70,496,897 70,496,897
704,968,976 Shares Funds ra
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