5G NETWORKS LIMITED (ASX.5GN)

delisted at entity's request under Listing Rule 17.11

we understand Webcentral was successful with an offer of two new Webcentral shares for each 5GN share

The scheme of arrangement pursuant to which Webcentral will acquire all of the issued ordinary shares held by 5GN shareholders has been implemented today. The Scheme was previously approved by 5GN shareholders at a Scheme meeting on 8 November 2021 and by the Federal Court of Australia on 11 November 2021. 5GN is now a wholly owned subsidiary of Webcentral.

The securities of 5GN Networks Limited will be suspended from quotation at the close of trading today Friday, 12 November 2021 under Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with ASIC approving the scheme of arrangement by which Webcentral Group Limited will acquire all of the issued shares in 5GN

The suspension of trading in the securities of 5G Networks Limited will be lifted immediately, following the release by 5GN of an announcement regarding the outcome of its application to the Federal Court of Australia relating to secondary sales in its securities and release of a copy of the Court orders.

The Federal Court of Australia this morning made the orders referred to in the Company's announcement of 9 May 2019. The court orders that it is declared that any offer for sale or sale of the quoted securities being 10,000,000 shares in the plaintiff during the period after the date of their issue on 12 April 2019 until 8 May 2019 is not invalid; any sellers of securities referred to above are relieved from any civil liability arising out of a contravention of s 707(3) and s 727(1) of the Corporations Act; a sealed copy of these orders is to be served to ASIC and ASX as soon as reasonably practicable and upon service of these orders on ASIC, ASIC is to include these orders on its database; a sealed copy of these orders is to be given to each person to whom the securities referred to previously were issued; the plaintiff is to publish an announcement to the ASX in which a copy of these orders is included and place a copy of these orders on its own website to remain there for at least 28 days; the plaintiff makes a request forthwith of the ASX for the class of securities 5GN be reinstated; for a period of 28 days from the date of reinstatement by the ASX of the class of securities "5GN" and the publication of these orders on the ASX website, any person who claims to have suffered substantial injustice or is likely to suffer substantial injustice by the making of any or all of these orders has liberty to apply to vary or discharge them within that period; no orders as to costs.

The securities of 5G Networks Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of 5GN, pending the release of an announcement and a copy of appropriate Court orders regarding its application to the Federal Court of Australia seeking declaratory relief and ancillary orders relating to prior trading in its securities.

The suspension of trading in the securities of 5G Networks Limited will be lifted immediately, following the release by the Company of an announcement regarding an acquisition.

The company adds $43m of revenue via the acquisition of Inabox's direct businesses. The purchase price of $5.7m represents a 2x EBITDA multiple once immediate synergies are recognised. A number of synergies and cross sell opportunities have been identified across the group. 5GN network rollout across Australia is expected to be fast tracked. The acquisition will be fully funded from existing cash flows and will be cash flow positive.

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

The securities of 5G Networks Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a corporate transaction.

listed entity carried for record purposes only