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Appendix 3B - Proposed issue of securities Announcement Summary Entity name ALTERITY THERAPEUTICS LIMITED Announcement Type New announcement Date of this announcement 23/2/2024 The Proposed issue is: A placement or other

Key Takeaway: Alterity Therapeutics Limited has announced the proposed issuance of 855,263,158 ordinary fully paid securities through a placement. The issue price per security is set at AUD 0.00380. This strategic move aims to secure additional capital, which may enhance the company's operational capabilities and support future initiatives. The announcement was made on February 23, 2024, and further details are expected as the process unfolds.

Market Sentiment Analysis

POSITIVE FACTORS

  • Alterity Therapeutics is proceeding with a significant capital raise.
  • The proposed issuance allows the company to strengthen its financial position.
  • The planned securities issue provides an opportunity for expansion and growth.

Full Press Release Details

ALTERITY THERAPEUTICS LIMITED
of this announcement
The Proposed issue is:
A placement or other type of issue
Total number of +securities proposed to be issued for
a placement or other type of issue
ASX +security code +Security description Maximum number of +securities to be issued
ATH ORDINARY FULLY PAID 855,263,158
Proposed +issue date
to next page for full details of the announcement
ALTERITY THERAPEUTICS LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any
of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation
of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing
Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance
with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for
1.2 Registered number Type Registration number
ABN 37080699065
1.4 The announcement is
1.5 Date of this announcement
1.6 The Proposed issue is:
A placement or other type of issue
7A.1 Do any external approvals need to be obtained
or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? No
Existing class
Details of +securities proposed
ASX +security code and
ATH : ORDINARY FULLY PAID
Number of +securities proposed to be issued
Are the +securities proposed to be issued being issued
for a cash consideration?
In what currency is the cash consideration being paid? What is the issue price per +security?
AUD - Australian Dollar AUD 0.00380
these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
7C.1 Proposed +issue date
7D.1 Has the entity obtained, or is it obtaining, +security
holder approval for the entire issue under listing rule 7.1?
7D.1b Are any of the +securities proposed to be issued
without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under
7D.1c Are any of the +securities proposed to
be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?
( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity
under listing rule 7.1A?
7D.1c ( ii ) Please explain why the entity
has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security
holders would have been eligible to participate
7D.2 Is a party referred to in listing rule 10.11 participating
in the proposed issue?
7D.3 Will any of the +securities to be issued be +restricted
securities for the purposes of the listing rules?
7D.4 Will any of the +securities to be issued be subject
to +voluntary escrow?
7E.1 Will there be a lead manager or broker to the
7E.1a Who is the lead manager/broker?
What fee, commission or other consideration is payable to them for acting as lead manager/broker?
7E.2 Is the proposed issue to be underwritten?
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed
7F.01 The purpose(s) for which the entity is issuing the securities
7F.1 Will the entity be changing its dividend/distribution
policy if the proposed issue proceeds?
7F.2 Any other information the entity wishes to provide about the proposed issue
7F.3 Any on-sale of the +securities proposed
to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of
the Corporations Act by virtue of:
The publication of a cleansing notice under section 708A(5),
708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Frequently Asked Questions

What is the total number of securities proposed for issuance?

A total of 855,263,158 ordinary fully paid securities are proposed for issuance.

What is the issue price for the proposed securities?

The issue price for the proposed securities is AUD 0.00380 each.

Will the proposed securities rank equally with existing ones?

Yes, the proposed securities will rank equally with the existing issued securities.

Is a lead manager involved in the proposed issue?

The announcement states there may be a lead manager or broker involved.

Will any securities be subject to voluntary escrow?

The announcement does not specify if any securities will be subject to voluntary escrow.

Last updated: Feb 23, 2024