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ANTEOTECH LTD — Capital/Financing Update 2015
Dec 10, 2015
64304_rns_2015-12-10_eb8e0c8c-85e1-4315-b9b3-743ba765a1e2.pdf
Capital/Financing Update
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ANTEO EXTENDS ENTITLEMENT ISSUE OFFER PERIOD
For Immediate Release:
December 11, 2015
December 11 2015 – Anteo Diagnostics (ASX: ADO) (Anteo) wishes to advise that it will be extending the closing date for the acceptance of applications under the 1 for 5.35 non-renounceable Entitlement Issue (“Offer”), announced on 30 November 2015.
The closing date for the Offer is now 5pm AEDT on Monday, 21 December 2015.
The extension of the closing date, originally falling on 16 December 2015, has been made to give shareholders sufficient time to submit their Entitlement applications.
Dr Geoff Cumming, CEO of Anteo Diagnostics, commented, “The Anteo Board is pleased with how the funding package is progressing, however acknowledges the requests from some shareholders who require additional time to submit their applications. This extension is designed to provide maximum opportunity for those shareholders to participate in the lead up to Christmas.”
“We thank all those shareholders who have subscribed to date, and continue to encourage all shareholders to take up the offer,” finished Dr Cumming.
The revised timetable for the remaining Offer dates is set out below:
| Closing Date for Entitlement Offer | Monday, 21 December 2015 |
|---|---|
| Securities traded on a deferred settlement basis | Tuesday, 22 December 2015 |
| Company to notify ASX of under subscriptions | Wednesday, 23 December 2015 |
| Issue of New Shares pursuant to the Offer and deferred | Tuesday, 29 December 2015 |
| settlement trading ends. Company to confirm to ASX Appendix 3B | |
| Trading on ASX of New Shares | Wednesday, 30 December 2015 |
For further information, see our website (www.anteodx.com) or contact the persons outlined below.
| Company | Media and Investor Relations Jane Lowe, IR Department E:[email protected] T: + 61 411 117 774 |
|---|---|
| Dr. Geoff Cumming, Chief Executive Officer T: + 61 7 3219 0085 Richard Martin, Chief Financial Officer T:+ 61 7 417 229 810 |
About Anteo Diagnostics
Anteo Diagnostics (ASX: ADO) is a global medical technology company, developing and commercialising products for sale into the lifesciences, in-vitro diagnostics, point of care, medical devices and bioseparations markets.
The Anteo group owns a patented nanoglue technology, which is used by healthcare customers as an addition to their existing tests, to consistently enable laboratory test results that can either be delivered faster, cheaper, or with greater specificity or sensitivity than incumbent tests.
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This nanoglue technology, called Mix&Go for healthcare markets, is starting to gain traction with the Company’s target markets, due to its ability to revolutionise the way scientists work.
While Anteo is largely focused on the healthcare markets, the nanoglue technology also has potential for use in other areas, such as batteries. Early stage research is being conducted into the viability of this battery product.
For more information, please visit www.anteodx.com.
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