Ann: Trading Halt, page-19

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Issuer		Longtable Group Limited – ASX Code: LON (“Longtable” or the “Company”)
Purpose		The purpose of this capital raising is to fund the acquisition of the remaining 52% of Maggie Beer Products Pty Ltd that the Company does not currently own and working capital for the Longtable Group business; and The Bell Potter network is being invited to bid for sub-underwriting of the entitlements offer
Deal Overview		The Transaction is as follows: A Placement to raise up to $2.1m via the issue of approximately 10.9m shares in accordance with ASX Listing Rule 7.1. (‘Placement’) A fully underwritten, non-renounceable, entitlements offer (‘Entitlements offer’) on a 1 for 1.95 basis to all eligible shareholders to raise approximately $13.7m via the issue of approximately 68.5m shares As part of the consideration for the acquisition, the Company will be issuing approximately 5.0m shares with a valuation of $1.0m to the vendor as script consideration. In addition, the Company will issue a convertible note worth $0.5m which will provide the vendor the option to convert to 2.5m shares 12 months post settlement of acquisition.
Sole Lead Manager & Bookrunner		Bell Potter Securities Limited (“Bell Potter”)
Offer Statistics		Key Offer Statistics   Offer Price $0.20 Total number of existing shares on issue prior to completion of the Offer 122,722,043 New Shares available under the Placement offer 10,908,306 Gross proceeds from the Placement offer $2,181,661 New Shares available from the Entitlements offer 68,528,384 Gross proceeds from the Entitlements Offer $13,705,677 Vendor Scrip Consideration 5,000,000 Vendor Scrip Valuation $1,000,000 Total number of shares on issue post the completion of the Offer (including vendor scrip consideration)  207,158,733 Vendor convertible note consideration1 $500,000 Indicative Market Capitalisation at Offer Price post offer (at offer price)  $41,431,746   Note: Convertible Note may be converted 12 months post issuance and may result in the issuance of 2.5m shares at the ‘Offer Price’ to the Vendor 2,142,857 fully paid ordinary shares escrowed for 12 months from 1/08/2018 and 2,142,857 fully paid ordinary shares escrowed for 24 months from 1/08/2018 7.60 million options have a variety of exercise prices and dates. Performance rights on issue – 600,000
Bidding		Eligible investors are invited ONLY to bid for sub-underwriting of the Entitlement Offer
Sub-underwriting Fee		Eligible investors will be paid a fee equal to 1.0% of the committed sub-underwriting amount, governed by the terms as set out in the sub-underwriting agreement
Bids Close		12 Noon, Friday, 1st of March, 2019

 

Indicative Timetable – the Company and Bell Potter reserve the right to amend the timetable
Trading Halt	10:00am, Thursday, 28 February 2019
Bids Due	12pm, Friday, 1st of March, 2019
Allocations Advised	2pm, Friday, 1st of March, 2019
Signed Confirmation Letters Due to the Lead Manager	5pm, Friday, Friday, 1st of March, 2019
Resumption of Trading	10am, Monday, 4th of March 2019
Announcement of Non-Renounceable Rights Isssue and application for quotation	10am, Monday, 4th of March 2019
Trade date for Placement stock	Wednesday, 6th of March, 2019
Settlement date for Placement stock	Friday, 8th of March, 2019
Allotment of Placement  stock	Monday, 11th of March, 2019
Shares quoted on an ‘ex’ basis	Tuesday, 12th of March, 2019
Record date for entitlements offer	Wednesday, 13th of March, 2019
Offer document and forms issued to eligible sharehokders	Thursday, 14th of March, 2019
Entitlements offer period	Thursday, 14th of March – Friday,22nd of March, 2019
Notification of shortfall sub-underwriting allocations	Monday, 25th of March, 2019
Issue of shares from Entitlements offer	Friday, 29th of March, 2019
New shares commence trading on a normal settlement basis	Monday, 1st of April, 2019