Share Purchase Plan

As announced to the ASX on Monday, 16 November 2020, Elixinol Global Limited ACN 621 479 794 (Elixinol or Company) is undertaking the Placement to raise $8.2 million.

As also announced to the ASX on Monday, 16 November 2020, each Eligible Shareholder now has the opportunity to participate in this Share Purchase Plan (SPP) by applying for up to $30,000 worth of Shares (subject to any discretionary scale backs and any restrictions imposed by law).

New Shares under the SPP will be issued at a price of $0.17 each.

The SPP is targeting to raise $2 million. If the Company receives Applications for an amount more than $2 million then the Company may elect to either scale back Applications or increase the amount to be raised under the SPP. In the event of a scale back, you may be allocated less than the number of New Shares for which you have applied.

The SPP allows Eligible Shareholders to increase their investment in the Company by purchasing discounted New Shares at a fixed price without the need to pay brokerage and other charges.

Participation in the SPP is optional and is subject to the terms and conditions of this SPP. Offers made under the SPP are non-renounceable (i.e. Eligible Shareholders cannot transfer their rights to apply for any New Shares offered under the SPP).

This offer booklet and a personalised Application Form has been distributed to eligible shareholders via their preferred communication method (i.e. by post or by email).

Personalised Application Forms can also be electronically downloaded via the Automic Registries Investor Portal which is found here: https://investor.automic.com.au/#/home

Share Purchase Plan Timetable

Event Date
Record Date 7:00pm (AEDT) on Friday, 13 November 2020
Announcement Date Monday, 16 November 2020
Opening Date 9:00am  (AEDT)  on  Friday,  20  November 2020
Despatch of SPP Booklet Friday, 20 November 2020
Closing Date 5:00pm (AEDT) on Friday, 11 December 2020
Announcement of results of SPP Wednesday, 16 December 2020
Allotment and Issue Date Friday, 18 December 2020
Despatch of Holding Statements Monday, 21 December 2020

**The timetable is indicative only and is subject to change. The Company may alter the dates above, withdraw or vary the SPP, or accept SPP applications that are received after the SPP closing date, in each case in the Company’s absolute discretion, subject to the ASX Listing Rules and the Corporations Act 2001 (Cth).

FREQUENTLY ASKED QUESTIONS

   

What is the SPP?

The SPP enables Eligible Shareholders to each apply to purchase up to $30,000 worth of New Shares at $0.17 per Share without paying any brokerage or other charges.

How much will Elixinol raise under the SPP?

The SPP is targeting to raise $2 million. However, the Company may exercise its absolute discretion regarding the final amount raised under the SPP and if the Company receives Applications for more than $2 million, then the Company may elect to either scale back Applications or increase the amount to be raised.

For how long is the Offer open?

The SPP opens at 9am (AEDT) on Friday, 20 November 2020 and closes at 5pm (AEDT) on Friday, 11 December 2020. If you want to participate in the SPP you should ensure that the

Registry receives payment by no later than 5pm (AEDT) on Friday, 11December 2020 (the Closing Date for the SPP).

You should be aware that the Company has the right to either close the SPP early or to extend the Closing Date.

Do I have to participate in the SPP?

Participation in the SPP is optional. If you choose to do nothing, then you will not participate in the SPP.

Can my Offer be transferred to a third party?

No. Your rights under the SPP are personal to you and nonrenounceable, so you may not transfer them.

Am I eligible to participate?

You are eligible to participate if you:

  • were a holder of Shares at 7:00pm (AEDT) on Friday, 13 November 2020 (being the Record Date); and
  • your registered address on the Record Date is in Australia or New Zealand.

Certain Eligible Shareholders who are Custodians are also able to participate in the SPP in accordance with the terms and conditions of the SPP.

What is the maximum number of Shares for which I can apply?

If you are an Eligible Shareholder then you are entitled to apply for up to $30,000 of New Shares under the SPP regardless of the number of Shares you currently hold.

How many Shares can I apply for under the SPP?

Subject to the limitations described in the paragraph above, Eligible Shareholders are required to apply for New Shares under the SPP in any of the following set amounts: $1,500, $2,500, $5,000, $10,000, $15,000, $20,000, $25,000 or $30,000, in applying for New Shares, regardless of the number of Shares you currently hold. These amounts may be subject to scale back.

If you make a payment for any amount other than one of the set amounts above, your Application may be rejected.

How do I apply for New Shares?

To apply for New Shares under the SPP you can either:

Option 1: Pay by BPay®

Make payment by BPay® as shown on the personalised Application Form. New Zealand based Eligible Shareholders cannot apply using BPay® unless they have an Australian bank account.

Option 2: Pay by cheque

Complete and return the enclosed personalised Application Form together with a cheque made payable to "Elixinol Global Limited" as shown on the Application Form.

Please note that if you choose to pay by cheque, there is a risk that you may experience slower than expected postal delivery timeframes in the current COVID-19 environment. Therefore, paying by BPAY, if possible, is the quickest method of payment.

How can I access my Application Form to apply for New Shares?

This SPP Booklet, which includes a personalised Application Form, will be made available to Eligible Shareholders by the following methods:

  • Eligible Shareholders who have previously registered to receive Company correspondence electronically should receive an email on Friday, 20 November 2020 with links to retrieve the documents electronically.
  • The documents will be sent by post on Friday, 20 November 2020 to all Eligible Shareholders who have not previously registered to receive company correspondence electronically.

How many New Shares will I receive?

In the absence of any scale back or a rejection of your Application, the number of New Shares that you will receive will be the number of New Shares for which you applied.

If Elixinol, in its discretion, undertakes a scale back of Applications for New Shares, then you may receive less than the parcel of New Shares for which you have applied. Excess funds will be returned to applicants without interest.

When will I receive my New Shares?

New Shares are expected to be allotted on Friday, 18 December 2020 (being the Allotment and Issue Date).