UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2023
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001-41208 |
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(Commission File Number) |
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NOVONIX LIMITED
(Translation of registrant’s name into English)
Level 38
71 Eagle Street
Brisbane, QLD 4000 Australia
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20‑F or Form 40‑F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
FORWARD-LOOKING STATEMENTS
The Australian Securities Exchange (“ASX”) announcement filed as Exhibit 99.2 hereto contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in such presentation are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements are subject to a number of known and unknown risks, uncertainties, other factors and assumptions, including those factors identified in our filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements made in the ASX announcement filed as Exhibit 99.2 hereto to reflect events or circumstances after the date of such announcement or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.
EXHIBIT INDEX
Exhibit No. Description
Exhibit 99.1 Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities), dated June 21, 2023
Exhibit 99.2 ASX Announcement (Cleansing Notice), dated June 21, 2023
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NOVONIX LIMITED
By: /s/ Dr. John Christopher Burns Dr. John Christopher Burns Chief Executive Officer |
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Date: June 22, 2023
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities |
EXHIBIT 99.1
Announcement Summary
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Entity name
NOVONIX LIMITED
Date of this announcement
Wednesday June 21, 2023
The +securities the subject of this notification are:
Other
Total number of +securities to be issued/transferred
ASX +security code |
Security description |
Total number of +securities to be issued/transferred Issue date |
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New class - code to be confirmed |
Convertible notes |
45,221,586 |
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21/06/2023 |
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Refer to next page for full details of the announcement
Notification of Issue, Conversion or Payment up of Unquoted |
1 / 7 |
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities |
Part 1 - Entity and announcement details
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1.1. Name of entity |
NOVONIX LIMITED |
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. |
1.2. Registered number type |
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Registration number |
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ABN |
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54157690830 |
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1.3. ASX issuer code |
NVX |
1.4. The announcement is |
New announcement |
1.5. Date of this announcement |
21/6/2023 |
Notification of Issue, Conversion or Payment up of Unquoted |
2 / 7 |
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities |
Part 2 - Issue details
2.1. The +securities the subject of this notification are: |
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Other |
Please specify
Issue of convertible notes as advised in Appendix 3B on 7 June 2023. |
2.2. a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: |
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does not have an existing ASX security code ("new class") |
Notification of Issue, Conversion or Payment up of Unquoted |
3 / 7 |
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities |
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B
New +securities |
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ASX +security code |
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+Security description |
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New class - code to be confirmed |
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Convertible notes |
+Security type |
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ISIN code |
+Convertible debt securities |
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Date the +securities the subject of this notification were issued |
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21/6/2023 |
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Will all the +securities issued in this class rank equally in all respects from their issue date? |
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Yes |
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Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? |
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No |
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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. |
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https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02673785-2A1453670?access_token=8 3ff96335c2d45a094df02a206a39ff4 |
+Convertible debt securities Details
Type of +security |
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Convertible note or bond |
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+Security currency |
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Face value |
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Interest rate type |
AUD - Australian Dollar |
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AUD 1.00000000 |
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Fixed rate |
Frequency of coupon/interest payments per year |
No coupon/interest payments |
s128F of the Income Tax Assessment Act status applicable to the +security |
Not applicable |
Is the +security perpetual (i.e. no maturity)? |
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No |
Notification of Issue, Conversion or Payment up of Unquoted |
4 / 7 |
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities |
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Maturity date |
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7/6/2028 |
Select other feature(s) applicable to the +security |
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Redeemable |
Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)? |
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No |
Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged |
Other |
Description |
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NVX: ORDINARY FULLY PAID |
Any other information the entity wishes to provide about the +securities the subject of this notification |
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28,263,492 Shares will be issued if conversion occurs prior to maturity date. 34,475,364 shares will be issued if conversion occurs on maturity date. |
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B |
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The issue of securities was previously announced in Appendix 3B on 7 June 2023. |
Issue details
Number of +securities |
45,221,586 |
Were the +securities issued for a cash consideration? |
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Yes |
In what currency was the cash consideration being paid? |
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What was the issue price per +security? |
AUD - Australian Dollar |
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AUD 1.00000000 |
Purpose of the issue |
Other |
Additional Details |
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Continued development of anode materials, operational needs and general corporate purposes.Additional Details |
Notification of Issue, Conversion or Payment up of Unquoted |
5 / 7 |
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities |
Part 4 - +Securities on issue
Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:
(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)
ASX +security code and description |
Total number of +securities on issue |
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NVX : ORDINARY FULLY PAID |
486,908,196 |
ASX +security code and description |
Total number of +securities on issue |
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NVXAD : PERFORMANCE RIGHTS |
14,575,313 |
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NVXAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES |
28,860,001 |
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NVXAK : SHARE RIGHTS |
436,403 |
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New class - code to be confirmed : Convertible notes |
45,221,586 |
Notification of Issue, Conversion or Payment up of Unquoted |
6 / 7 |
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities |
Part 5 - Other Listing Rule requirements
No
No
5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
Yes
5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
45,221,586 convertible notes. |
5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?
N/A
Notification of Issue, Conversion or Payment up of Unquoted |
7 / 7 |
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EXHIBIT 99.2
ASX ANNOUNCEMENT
(ASX: NVX)
21 June 2023
Cleansing Notice – Issue of Unsecured Convertible Notes
This cleansing notice (Cleansing Notice) is given by NOVONIX Limited (ACN 157 690 830) (ASX:NVX) (Company) under section 708A(12C)(e) of the Corporations Act 2001 (Cth) (Corporations Act) (as notionally inserted by ASIC Corporations (Sale Offers: Securities Issued on Conversion of Convertible Notes) Instrument 2016/82 (ASIC Instrument 2016/82)).
The Company hereby confirms that:
The issue of this Cleansing Notice enables the fully paid ordinary shares in the capital of the Company (Shares) issued on the conversion of the unsecured convertible notes issued by the Company on the terms described below, to be on‐sold to retail investors without further disclosure.
This Cleansing Notice is important and should be read in its entirety. Neither ASIC nor ASX takes any responsibility for the contents of this Cleansing Notice.
On 7 June 2023, the Company announced it had entered into an unsecured convertible note agreement (Agreement) with LG Energy Solution, Ltd (Investor).
The Company will issue the Investor 45,221,586 interest-bearing redeemable unsecured convertible notes each at a face value of AUD$ 1 (Convertible Notes) for consideration of USD$ 30,000,000 (Aggregate Amount) subject to the terms of the Agreement.
The Investor is a professional investor or sophisticated investor for the purposes of section 708 of the Corporations Act.
The issuance and conversion of the Convertible Notes will utilise the Company's existing 15% placement capacity under ASX Listing Rule 7.1 and accordingly shareholder approval will not be sought for the issue.
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA |
page 1 |
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The principal effects of the issue, and any subsequent conversion and issue of Shares, of the Convertible Notes on the Company will be:
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 2 |
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A pro-forma consolidated statement of financial position is set out in Schedule 1. This is based on the Company's financial statements for the 6 month period ended 31 December 2022.
The following adjustments and assumptions have been made in relation to the pro-forma consolidated statement of financial position:
The effect of conversion of the Convertible Notes on the Company’s issued share capital will depend on what portion (if any) of the Convertible Notes are converted to Shares at any one time.
The capital structure of the Company as at the date of this Cleansing Notice and before the issue of the Convertible Notes is set out below.
Assuming the Investor elects to convert all of the Convertible Notes into Shares, the number of Shares that will be issued on conversion is:
The actual effect on the capital structure of the Company will differ depending on how many Convertible Notes are converted.
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 3 |
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As at the date of this Cleansing Notice, no Convertible Notes have been converted.
Type of security |
Securities on issue as at the date of this Cleansing Notice |
Number on issue assuming maximum conversion of the Convertible Notes* |
Fully paid ordinary shares |
486,908,196 |
521,383,560 |
Performance rights |
14,575,313 |
14,575,313 |
Share rights |
436,403 |
436,403 |
Share options |
28,860,001 |
28,860,001 |
Convertible Notes |
45,221,586 |
0 |
* This assumes interest is capitalised, which is only the case where the Convertible Notes are converted on the Maturity Date. If the conversion occurs prior to the Maturity Date, the number on issue assuming maximum conversion is 28,263,492.
As at the date of this Cleansing Notice, the Investor does not hold any Shares.
The level of ownership of Shares by the Investor, if the Convertible Notes are converted, will depend on the number of Convertible Notes that are converted to Shares and the number of Shares on issue at the time of conversion.
However, based on the maximum number of Shares that the Investor would be entitled to upon conversion and the current number of Shares on issue, the Investor would hold 6.6% of all Shares currently on issue. This assumes interest is capitalised, which is only the case where the Convertible Notes are converted on the Maturity Date. If the conversion occurs prior to the Maturity Date, the Investor would hold 5.5% of all Shares currently on issue.
A summary of the rights, privileges and restrictions attaching to the Convertible Notes is outlined in the table below. The summary is not exhaustive and does not constitute a definitive statement of the rights and liabilities of the Investor.
Summary of key terms of the Convertible Notes |
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Issuer |
NOVONIX Limited (ACN 157 690 830) (Company) of Level 8, 46 Edward Street, Brisbane QLD 4000 |
Investor |
LG Energy Solution, Ltd of Parc. 1 Tower 108, Youi-daero, Yeongdeungpogu, Seoul, 07335, the Republic of Korea |
Instrument |
Unsecured Convertible Notes |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 4 |
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Summary of key terms of the Convertible Notes |
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Aggregate Amount |
USD$ 30,000,000 |
Interest Rate |
4% per annum, accrued on daily balances on the basis of a 365 day year. However when an event of default occurs, the Interest Rate will be 10% per annum. |
Face Value |
AUD $1.00 (in respect of a Convertible Note) |
Ranking on conversion |
Shares issued on conversion are fully paid ordinary shares in the capital of the Company, having all the rights set out in the Company's constitution |
Conversion Price |
AUD $1.60 per ordinary share |
Conversion Amount |
In respect of a Convertible Note, the aggregate of: (a) the Face Value of that Convertible Note; and (b) the interest accrued in respect of that Convertible Note as at the Conversion Date |
Number of Shares issued on conversion |
The number of fully paid ordinary shares that will be issued on conversion of Convertible Notes is equal to: (a) the aggregate Conversion Amount of the Convertible Notes to be converted; divided by (b) the Conversion Price. |
Conversion Restriction |
The Investor and its Associate holding a relevant Interest must not be more than 19.99% of the issues Shares (or such other limit prescribed by section 606(1)(c)(i) of the Corporations Act from time to time), except to the extent permitted under section 611 of the Corporations Act |
Final Conversion Date |
The Investor may elect to convert all or some of its Convertible Notes prior to the Final Conversion Date, being the date on which the first purchase order for the Products under the Purchase Agreement (that is proposed to be entered into between the Investor and the Company upon successful completion of certain development work under the joint development agreement with the Investor announced on 7 June 2023) is issued and accepted. At the Final Conversion Date, the Investor will be deemed to have given a conversion notice for all of its outstanding Convertible Notes. No interest is payable on a Convertible Note that is converted on or prior to the Final Conversion Date. |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 5 |
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Summary of key terms of the Convertible Notes |
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Maturity Date |
5 years after the date of the Agreement, or any other later date agreed in writing between the Investor and the Company |
Redemption or conversion on the Maturity Date |
On the Maturity Date, the Investor must elect to either redeem or convert all of its outstanding Convertible Notes. Interest is payable on a Convertible Note that is converted or redeemed at the Maturity Date, in cash (in the case of a redemption) or "in-kind" (in the case of a conversion). |
Events of default |
In accordance with the Agreement, events of default include: (a) failure to issue Shares (b) failure to pay amounts due under the Agreement (c) an insolvency event occurring in respect of the Company or any subsidiary (d) an order being made or an effective resolution passed for the winding-up or dissolution, judicial management or administration of the Company or any of its subsidiaries, or the Company or any of its subsidiaries ceasing or threatening to cease to carry on all or substantially all of its business or operations (e) it becoming unlawful for the Company to comply with its obligations under the Agreement or to convert any Convertible Notes to Shares (f) breach of continuing conduct of business restrictions (g) the Company failing to procure quotation of the Shares upon conversion (h) breach of the Agreement or the joint development agreement with the Investor announced on 7 June 2023 If an event of default occurs which is not remedied within 30 calendar days, then the Investor may declare that the entire outstanding principal amount, together with accrued and unpaid interest, and all other amounts accrued or outstanding under the Agreement or the Convertible Notes, is payable on demand or immediately due for payment and payable. |
Costs |
Each party bears their own costs arising out of the negotiation, preparation and execution of the Agreement. All duties payable on or in connection with the Agreement must be borne equally by the Company and Investor. |
Governing Law |
Queensland, Australia |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 6 |
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The Shares issued to the Investor on the conversion of the Convertible Notes under the Agreement will be fully paid ordinary shares in the capital of the Company, having all the rights out in the Company's constitution.
A summary of the rights and liabilities attaching to Shares, including the Shares to be issued to the Investors on conversion of the Convertible Notes, is set out below.
The summary is not exhaustive and does not purport to constitute a definitive statement of the rights and liabilities of Shareholders and is qualified by the terms of the Company’s Constitution (a full copy of which is available from the Company on request free of charge).
Summary of the rights and liabilities attaching to Shares issued on conversion of the Convertible Notes |
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General meetings |
Each shareholder of the Company (Shareholder) is entitled to be present in person, or by proxy, attorney or representative to attend and vote at general meetings of the Company. Shareholders may requisition meetings in accordance with section 249D of the Corporations Act and the constitution of the Company (Constitution). |
Voting rights |
Subject to any rights or restrictions for the time being attached to any class or classes of shares, at general meetings of shareholders or classes of shareholders: • each Shareholder entitled to vote may vote in person or by proxy, attorney or representative; • on a show of hands, every person present who is a Shareholder or a proxy, attorney or representative of a Shareholder has one vote; and • on a poll, every person present who is a Shareholder or a proxy, attorney or representative of a Shareholder shall, in respect of each fully paid Share held by him, or in respect of which he is appointed a proxy, attorney or representative, have one vote for each Share held, but in respect of partly paid shares shall have such number of votes as bears the same proportion to the total of such Shares registered in the Shareholder’s name as the amount paid (not credited) bears to the total amounts paid and payable (excluding amounts credited). |
Ranking of Shares |
At the date of this Cleansing Notice, all shares are of the same class and rank equally in all respects. |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 7 |
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Variation of rights |
Subject to the Corporations Act and the terms of issue of a class of shares, wherever the capital of the Company is divided into different classes of shares, the rights attached to any class of shares may be varied: • with the written consent of the holders of at least 75% of the issued shares in the particular class; or • by a special resolution passed at a separate meeting of the holders of shares in that class. |
Dividend rights |
The Board may declare or determine that a dividend is payable on Shares. The Board may fix the amount of the dividend, the time for determining entitlements to the dividend, the time for the payment of the dividend and the method of payment of the dividend. If a dividend is declared or determined to be payable, Shareholders will be entitled to dividends, distributed among members in proportion to the capital paid up, from the date of payment. |
Transfer of Shares |
Shares can be transferred by a proper instrument of transfer. The instrument of transfer must be in writing or any other form approved by the Directors, and signed by the transferor and the transferee. Except where the operating rules of an applicable CS facility licensee, being the ASTC Operating Rules provide otherwise, until the transferee has been registered, the transferor is deemed to remain the holder of the Shares, even after signing the instrument of transfer. In some circumstances, the Directors may refuse to register a transfer if on registration the transferee will hold less than a marketable parcel. The Board may refuse to register a transfer of shares on which the Company has a lien. |
Rights on winding up |
If the Company is wound up, the liquidator may with the sanction of a special resolution, divide the assets of the Company amongst Shareholders as the liquidator sees fit. The liquidator may not require a Shareholder to accept any Shares or other securities in respect of which there is any liability. |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 8 |
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NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 9 |
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Date |
Announcement |
07/06/2023 |
Proposed issue of securities – NVX |
07/06/2023 |
NVX and LGES Enter into JDA and US$30M Investment Agreement |
06/06/2023 |
NOVONIX Announces Participation in June Investor Conferences |
17/05/2023 |
Notification regarding unquoted securities – NVX |
04/05/2023 |
Notification regarding unquoted securities – NVX |
04/05/2023 |
Notification of cessation of securities – NVX |
02/05/2023 |
NOVONIX Announces Participation in May Investor Conferences |
01/05/2023 |
Application for quotation of securities – NVX |
26/04/2023 |
Quarterly Activities/Appendix 4C Cash Flow Report |
21/04/2023 |
Response to ASX Appendix 3Y Query |
13/04/2023 |
Application for quotation of securities – NVX |
12/04/2023 |
Notification regarding unquoted securities – NVX |
06/04/2023 |
Appendix 3Z and 3Y |
05/04/2023 |
Results of Meeting |
05/04/2023 |
CEO Presentation to the AGM |
05/04/2023 |
Chairman's Address to the AGM |
31/03/2023 |
NOVONIX Enters JV to Produce Anode Material in MENA Region |
23/03/2023 |
Notification of cessation of securities – NVX |
23/03/2023 |
Application for quotation of securities – NVX |
20/03/2023 |
Notification regarding unquoted securities – NVX |
15/03/2023 |
Application for quotation of securities – NVX |
15/03/2023 |
Notification regarding unquoted securities – NVX |
15/03/2023 |
Application for quotation of securities – NVX |
09/03/2023 |
NOVONIX to Participate in the 35th Annual Roth Conference |
06/03/2023 |
Notice of Annual General Meeting/Proxy Form |
03/03/2023 |
Correction of typographical error in the Annual Report |
28/02/2023 |
Corporate Governance Statement & Appendix 4G |
28/02/2023 |
Annual Report to shareholders |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 10 |
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This announcement has been authorised for release by the NOVONIX Limited Board of Directors.
This cleansing notice may contain forward-looking statements, including the Company’s expectations about the performance of its business. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believe”, “estimate”, “plan”, “project”, “anticipate”, “expect”, “intend”, “likely”, “may”, “will”, “could” or “should” or, in each case, their negative or other variations or other similar expressions, or by discussions of strategy, plans, objectives, targets, goals, future events or intentions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company and which may cause actual results to differ materially from those expressed or implied in such statements. Readers are cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary from those expressed in, or implied by, any forward-looking statements. Past performance is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward-looking statements. The Company does not undertake to update any forward-looking statements contained in this cleansing notice, to the maximum extent permitted by law.
Financial information in this cleansing notice is prepared on a consistent basis to the Company’s annual financial report, which is prepared in accordance with Australian Accounting Standards.
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 11 |
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NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The company manufactures industry-leading battering cell testing equipment in Canada and is growing its high-performance synthetic graphite anode material manufacturing operations in the United States. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future. To learn more, visit us at www.novonixgroup.com or on LinkedIn, and Twitter.
For further information, contact:
Scott Espenshade, ir@novonixgroup.com
NOVONIX Limited (ASX: NVX)
ACN 157 690 830
Level 38, 71 Eagle Street
Brisbane QLD 4000
Australia
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
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page 12 |
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As at 31 December 2022
All figures are reported in US$
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Consolidated |
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31 December 2022 US$ |
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Proforma adjustments US$ |
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Restated 31 December 2022 US$ |
ASSETS |
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Current assets |
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Cash and cash equivalents |
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99,039,172 |
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30,000,000 |
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129,039,172 |
Trade and other receivables |
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2,847,229 |
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- |
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2,847,229 |
Inventory |
|
3,165,932 |
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- |
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3,165,932 |
Prepayments |
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1,958,269 |
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- |
|
1,958,269 |
Escrow reserves |
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9,137,605 |
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- |
|
9,137,605 |
Total current assets |
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116,148,207 |
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30,000,000 |
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146,148,207 |
Non-current assets |
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|
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Property, plant and equipment |
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125,316,748 |
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- |
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125,316,748 |
Investment securities at fair value through profit or loss |
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16,490,271 |
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- |
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16,490,271 |
Right-of-use assets |
|
4,915,035 |
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- |
|
4,915,035 |
Exploration and evaluation assets |
|
2,212,013 |
|
- |
|
2,212,013 |
Intangible assets |
|
12,173,710 |
|
- |
|
12,173,710 |
Other assets |
|
168,574 |
|
- |
|
168,574 |
Total non-current assets |
|
161,276,351 |
|
- |
|
161,276,351 |
Total assets |
|
277,424,558 |
|
30,000,000 |
|
307,424,558 |
LIABILITIES |
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
Trade and other payables |
|
6,954,464 |
|
- |
|
6,954,464 |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
|
page 13 |
|
Contract liabilities |
|
71,985 |
|
- |
|
71,985 |
Lease liabilities |
|
353,378 |
|
- |
|
353,378 |
Borrowings |
|
1,085,314 |
|
- |
|
1,085,314 |
Derivative financial instruments |
|
- |
|
15,770,300 |
|
15,770,300 |
Total current liabilities |
|
8,465,141 |
|
15,770,300 |
|
24,235,441 |
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
Contract liabilities |
|
3,000,000 |
|
- |
|
3,000,000 |
Lease liabilities |
|
4,825,560 |
|
- |
|
4,825,560 |
Borrowings |
|
35,077,588 |
|
14,229,700 |
|
49,307,288 |
Total non-current liabilities |
|
42,903,148 |
|
14,229,700 |
|
57,132,848 |
Total liabilities |
|
51,368,289 |
|
30,000,000 |
|
81,368,289 |
Net assets |
|
226,056,269 |
|
- |
|
226,056,269 |
EQUITY |
|
|
|
|
|
|
Contributed equity |
|
338,108,198 |
|
- |
|
338,108,198 |
Reserves |
|
26,547,649 |
|
- |
|
26,547,649 |
Accumulated losses |
|
(138,599,578) |
|
- |
|
(138,599,578) |
Total equity |
|
226,056,269 |
|
- |
|
226,056,269 |
NOVONIX Limited (ASX: NVX) ACN 157 690 830 Level 38, 71 Eagle Street Brisbane QLD 4000 AUSTRALIA
|
page 14 |