Annual Shareholders Meeting Presentation

ASCENSION CAPITAL
AGM 2021
30 SEPTEMBER

AGENDA
•WELCOME & INTRODUCTIONS
•FORMALITIES
•CHAIRMAN’S ADDRESS
•Q&A
•RESOLUTIONS

HIGHLIGHTS
OF FY21
•The company changed it’s name to Ascension Capital & ticker code to ACE
to better reflect the business
•Sean Joyce and Roger Gower were appointed as directors of the Company
•The Company issued 333,177,621 new ordinary fully paid shares at an
issue price of $0.00025 per share. The capital raising initiative raised
$83,295 of new capital for the Company.
•Subsequent to 30 September 2020 the Company raised a further $62,250
in capital through the issue of 249,000,000 ordinary shares.
•the Company received notice that the interest of HuaHanInternational
Holdings (Hong Kong) Co Limited (as lender) in the Loan Facility
Agreement with the Company (as borrower), which facility has a principal
sum owing of $359,910, has been assigned to Excalibur Capital Partners
Limited. Excalibur Capital Partners Limited is a substantial shareholder in
Ascension and is controlled by S Joyce (a non-executive director of
Ascension).

Financial
results FY21
•The financial result for the Company for the year
ended 31 March 2021 is a loss after taxation of
NZ$150,531
•Thecostsarelargely made up of governance costs
including directors’ fees, NZX listing costs, and
legal and accounting costs.

Future
Outlook
•TheBoardisactivelylookingtoidentifyasuitablebusinessopportunityto
investinand/oracquirethroughareversetakeovertransaction(RTO).
•The Board continues to investigate all credible investment opportunities
that may present themselves and are hopeful of having a transaction
underway in the near term.
•Covid 19 has made progressing an RTO transaction more difficult for
several reasons. Many companies are focused on navigating their way
through the various challenges that COVID 19 presents. Instead, they are
simply wanting to consolidate and survive during this period.
•ThisisunderstandableduringthisperiodofuncertaintyandtheBoard
anticipatethatthissituationwillchangeasthecountryreturnstothe
“newnormal”in 2022.
•We will keep you advised on any developments

Resolution 1
The re-election of John Cilliersas a director of the
Company.
John who is required to retire in accordance with the
provisions of the Constitution of the Company and,
being eligible, has offered himself for re-election as a
Director of the Company

Resolution 2
Record the appointment of BDO as Auditors of the
Company under section 200 of the Companies Act,
and the authorization of the Board to fix their
remuneration for the forthcoming year.

GENERAL
BUSINESS
Q & A