OPENN NEGOTIATION LIMITED (OPN)

Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

The company announces that the Administrators have secured funding to continue to trade the Group's operations on a business-as-usual basis.

The securities of Openn Negotiation Limited were suspended at OPN's request on 3 May 2024. OPN's securities will now be suspended from quotation under Listing Rule 17.3.1. The securities will remain suspended until such time as ASX is satisfied with OPN's compliance with the Listing Rules, including Listing Rule 12.2 and that it is otherwise appropriate for OPN's securities to be reinstated to quotation.

Richard Tucker and John Bumbak of KordaMenths were appointed as Joint and Several Administrators.

The company seeks an extension to the Voluntary Suspension granted by the Australian Securities Exchange for its securities. The request is made as the company has not yet completed its proposed capital raising and anticipates the suspension will remain until normal trading commences on 13 May 2024 or until the Announcement's release.

The company is requesting an extension to the Voluntary Suspension granted by the Australian Securities Exchange for its securities. The request is made as the company has not completed its proposed capital raising announcement. The suspension will remain in place until normal trading commences on 10 May 2024 or until the Announcement is released.

Openn has signed a binding business sale and purchase agreement to acquire Proffer Group Pty Ltd, a property technology business designed to combat chronic under supply issues in the ANZ marketplace by seamlessly connecting buyers, agents and potential vendors to transact unlisted properties. $2.5 million private share placement (with capacity to accept additional funding via oversubscription) to be conducted to fund expenses of the Acquisition and operations of the combined group post completion. The Acquisition will result in an integrated product suite that will deliver Australia's only end-toend on and off market transaction capability thereby ensuring a meaningful and unique value proposition to accelerate combined platform adoption. Openn's platform and customer base to swiftly facilitate adoption of Proffer via integration and cross-sell initiatives - including direct promotion of Proffer's value proposition to Openn's 146,000+ users. Opportunity to unlock revenue from unlisted properties whilst enhancing the overall agent proposition to include vendor appraisal generation.

The securities of Openn Negotiation Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OPN, pending the release of an announcement regarding a material acquisition and capital raising.

The suspension of trading in the securities of Openn Negotiation Limited will be lifted immediately following the release by OPN of an announcement regarding a capital raising.

The company releases a notice of proposed issue of securities.

The company releases a prospectus for: a renounceable pro rata offer of 5 New Shares for every 2 Shares held by Eligible Shareholders registered at the Record Date, at an issue price of $0.004 per New Share, to raise up to approximately $3.19 million before costs. The Entitlement Offer is fully underwritten by Axiom Properties Limited. The Entitlement Offer opens on Monday, 26 June 2023 and closes at 5:00pm (WST) on Monday, 10 July 2023, unless extended; for an offer to the public (including Eligible Shareholders) to subscribe for the New Shares comprising the Shortfall to the Entitlement Offer, at $0.004 per New Share; and for an offer of 1,000 New Options at an issue price of $0.001 each to raise up to $1.00 before costs.

5 for 2 Entitlement Offer at $0.004 to raise $3.19 million, fully underwritten by Axiom Properties Limited. Openn Board and Management to participate in the Entitlement Offer. Openn to focus on strategic partnering model to reduce cash outflows and generate near term revenue. New capital, combined with operational and management reorganisation, expected to accelerate growth opportunities and pursuit of strategic partnerships. Reorganisation to include board restructure, reduced board remuneration, and reduced overheads. Recapitalisation through introduction of new major shareholder provides launching pad to capitalise on Openn technology platform and drive new opportunities.

The company releases a notice of application for quotation of securities.

The company has completed a share placement to Axiom Properties Limited, raising $166,461 before costs.

Axiom Properties Limited has acquired a substantial shareholding in ASX-listed Openn Negotiation Limited by way of 15% share placement, being 41.6m shares at $0.004 per share for a capital injection of $166,461. Refer to Form 603 Notice of initial substantial shareholder below for further information. Axiom has entered into a binding term sheet to fully underwrite an entitlement offer. The proposed Axiom underwritten renounceable entitlement offer to Openn shareholders will be at an issue price of $0.004 per share and raise approximately $3.2m.

the Company anticipates that the voluntary suspension will remain in place until the earlier of the commencement of normal trading on Tuesday, 30 May 2023 or until the release of the Announcement in relation to the proposed capital raising.

The voluntary suspension is requested as the company is not yet in a position to make an announcement regarding the proposed capital raising. The voluntary suspension is anticipated to remain in place unitl the earlier of the commencement of normal trading on 29 May 2023 or until the release of an announcement.

The securities of Openn Negotiation Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OPN, pending the release of an announcement regarding a capital raising.

The suspension of trading in the securities of Openn Negotiation Limited will be lifted from the commencement of trading on Tuesday, 2 May 2023 following lodgement of its quarterly activity report and Appendix 4C.

The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 1 May 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 28 April 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

listed entity carried for record purposes only