EGY Results of Rights Issue
Released
Released
Announcement PDF
Results of Rights Issue
9 October 2024: Energy Technologies Limited (ASX: EGY) (EGY or the Company) is pleased to
announce the results of its non-renounceable pro-rata rights issue as announced on Thursday, 12
September 2024.
Capitalised terms used in this announcement but not defined have the meaning given to them in the
Offer Booklet lodged by the Company on Friday, 20 September 2024.
Results of the Offer
The Offer closed at 5.00pm (AEST) on Wednesday, 2 October 2024. The Offer raised approximately
$0.4m with Eligible Shareholders subscribing for approximately 14.4m shares (New Shares) at the
Issue Price of $0.03 (3 cents) per New Share.
Following the close of the Offer, including the Additional Securities, there is a shortfall of 407,645,638
New Shares ($12,229,369.14).
The Company reserves the right to place the residual Shortfall at the same price on the same terms as
the Offer, at the discretion of the Board, for a period of up to 3 months following the Closing Date.
Number of Shares
Gross Proceeds ($)
Entitlements Accepted
13,926,387
$417,791.61
Additional Securities
502,763
$15,082.89
Total New Shares under the
Offer
14,429,150
$432,874.50
Shortfall
407,645,638
$12,229,369.14
Subject to settlement of funds, the New Shares subscribed for under the Offer are expected to be issued
on Wednesday, 9 October 2024, with normal trading of the New Shares expected to commence on
Thursday, 10 October 2024.
END
Authorised by the Energy Technologies Limited Board of Directors
For further information, please contact:
Mr. Anthony Smith
Non Executive Director
tony.smith@energytechnologies.com.au
website: www.energytechnologies.com.au
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