Notice of Extraordinary General Meeting

Meeting Details (Updated 18 June 2021)
Date: Friday 25 June 2021
Time: 10am
Venue: Hybrid Meeting

Environmental Clean Technologies (ECT or Company) is pleased to advise that it has today despatched a notice of meeting (Notice) to convene a general meeting of the Company to be held on Friday 25 June 2021 (Meeting).

The purpose of the Meeting is to seek approval for matters relating to the Capital Raising and other matters.

EXTRAORDINARY GENERAL MEETING

The Notice has been despatched to all shareholders of the Company today, and the Meeting is to be held at 10.00am (AEST) on Friday, 25 June 2021.

At the Meeting, the Company will be seeking shareholder approval for issues of securities to Kaai Pty Ltd ACN 644 272 131 trading as Kaai Capital (Kaai) in consideration for the services Kaai provided as lead manager of the Capital Raising. Further details are set out in the Notice.

Additionally, as noted in the 7 April 2021 announcement, the Company will seek shareholder approval at the Meeting to consolidate its issued capital on a 10 to 1 basis (Consolidation), as well as conduct an unmarketable parcel sale facility, to implement a more appropriate capital structure for the Company moving forward. An indicative timetable for the Consolidation is as follows:

Event	Date
Last day for trading in pre-consolidation securities	Monday, 28 June 2021
Trading on consolidated securities on a deferred settlement basis commences	Tuesday, 29 June 2021
Record Date – last day to register transfers of a pre-consolidation basis	Wednesday, 30 June 2021
First day for Company to update register and send new holding statements	Thursday, 1 July 2021
Completion of despatch of new holding statements. Deferred settlement trading ends	Wednesday, 7 July 2021
Normal trading starts	Wednesday, 7 July 2021

Amendments To Listed Options (ECTOE) Terms & Conditions

The Company is permitted to amend the terms and conditions of its existing listed Options (ECTOE) pursuant to condition 13 of the ECTOE terms and conditions and ASX Listing Rule 6.23A.

The Board of the Company has resolved to amend the terms and conditions of the existing listed Options (ECTOE) on issue, in order for them to be consistent with the current ASX Listing Rules. The amendments will also apply to the Options (ECTOE) to be issued following approval at the Meeting. The amendments are as follows:

• Condition 4 is amended to provide that the Company must allot shares issued upon the exercise of Options within 5 business days of receipt of an exercise notice (as opposed to within 15 business days); and

• Condition 8 is amended to provide that the Company must apply for quotation of the shares issued upon the exercise of Options within 5 business days of the allotment of those shares (as opposed to within 15 business days).

A full copy of the terms and conditions of the listed ECTOE Options (as amended) is annexed to the Notice as Annexure B.

This announcement has been approved and authorised to be given to the ASX by the Board of ECT.

For further information, contact:

Glenn Fozard – Chairman           [email protected]