Notice of Completion of Placement
Released
Released
Announcement PDF
ENERGY TECHNOLOGIES LIMITED
A.B.N. 38 002 679 469
Unit J, 134 - 140 Old Pittwater Road
Brookvale NSW 2100
Tel: +61 2 8978 2600
www.energytechnologies.com.au
Australian Securities Exchange
Company announcements platform
3 May 2024
ABN 38 002 679 469
Energy Technologies Limited (ASX:EGY) – Capital Raising
Energy Technologies Limited (EGY or the Company) is pleased to announce the successful
completion of a capital raising of $3 million.
The raising was undertaken by way of a Placement of new shares to professional and sophisticated
investors.
Funds raised under the capital raising will be used to fund the Company’s operational growth, working
capital and costs of the offer
The issue price represented a discount of:
15.6% to the 1-month VWAP of $0.0415 and
14.6% to the last traded price of $0.041
The capital raising comprised of a Placement of 84,414,958 fully paid ordinary shares to sophisticated
and professional investors. The issue of shares under the Placement is expected to occur on Monday 13th
May, 2024 and will be made without shareholder approval using the Company’s existing capacity under
ASX Listing Rule 7.1 and ASX Listing Rule 7.1A.
Of the 84,414,958 fully paid ordinary shares issued, 50,648,975 ordinary shares will be issued under ASX
Listing Rule 7.1. The balance of 33,765,983 ordinary shares will be issued under ASX Listing Rule 7.1A.
The Company and the Lead Manager, Shaw and Partners, approached existing sophisticated and
wholesale shareholders, as well as clients of the Lead Manager, to participate in the Placement. The
Placement was allocated to existing qualified shareholders identified by the Company and professional
and sophisticated investors introduced by the Lead Manager. No securities were issued or agreed to be
issued in the Placement to any related party.
The raise was oversubscribed.
The company was overwhelmed by the support of existing and new shareholders and thanks them for
their ongoing support.
All new shares issued will rank equally with existing Shares on issue and the Company will apply for
Official Quotation on ASX of the new Shares.
END
Authorised by the Energy Technologies Limited’s Board of Directors
For further information please contact:
Mr. Anthony Smith
Non Executive Director
Energy Technologies Limited
tony.smith@energytechnologies.com.au
website: www.energytechnologies.com.au
About Energy Technologies
Energy Technologies Limited (ABN 38 002 679 469) seeks to develop business opportunities in niche sectors of the
electric power industry either by the introduction and manufacturing of innovative new products with market
dominance potential due to their unique nature or by the acquisition of established but tired manufacturing brands
that offer market dominance potential via a sustained turnaround and the infusion of new ideas, people and capital.
In both cases the company follows strict investment criteria and relies on the proven experience of its management
and advisory team to determine which products or companies it should develop and how such development should
take place. The Company has a 100% ownership of Bambach Wire and Cables Pty Ltd, a manufacturer of low
voltage copper insulated cables, as well as a strategic holding in Dulhunty Poles Pty Ltd, a manufacturer of fiber
reinforced cement distribution poles. It also owns 100% of Cogenic Pty Ltd, a development company focused on
the renewable energy sector. Learn more about Energy Technologies at www.energytechnologies.com.au
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