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ARCHER MATERIALS LIMITED — Capital/Financing Update 2021
Oct 17, 2021
64478_rns_2021-10-17_0cd924fb-c6ab-42e4-bbbb-b6af62cb2b07.pdf
Capital/Financing Update
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Corporate Share Purchase Plan
Archer Materials Limited (ACN: 123 993 233) Lot Fourteen, Frome Road, Adelaide SA 5000
18 October 2021
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ASX Announcement (ASX: AXE )
Share Purchase Plan to close early
Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE ”) is pleased to announce that, due to the strong support from eligible shareholders for the Company’s current Share Purchase Plan (“SPP”), the SPP will close early and the amount raised under the SPP will be increased.
The SPP was seeking raise $5 million. The Company has received valid SPP applications in excess of $5 million. The Archer board has decided to increase the amount to be raised to $10 million. If the Company receives valid SPP applications exceeding $10 million, then SPP applications will be scaled back, in accordance with the terms of the SPP offer document (https://axespp.thereachagency.com/offer/).
The SPP will close at 5:00pm (Sydney time) on Wednesday, 20 October 2021. The revised indicative SPP timetable is:
| Event | Date and time |
|---|---|
| Closing date of SPP | 5:00pm (Sydney time), Wednesday 20 October 2021 |
| Announce results of SPP | Monday, 25 October 2021 |
| Issue and allotment of SPP shares | Wednesday, 27 October 2021 |
| Quotation of SPP shares | Thursday, 28 October 2021 |
About Archer
Archer is a technology company developing advanced semiconductor devices, including chips that are relevant to quantum computing and medical diagnostics. Archer’s flagship development, the[12] CQ chip, is a world-first qubit processor technology that could allow for quantum computing powered mobile devices (‘QPMDs’).
| The Board of Archer authorised thisannouncement to be given to ASX.General EnquiriesMr Greg EnglishExecutive ChairmanDr Mohammad ChoucairChief Executive OfficerTel: +61 8 8272 3288Media EnquiriesMr James GalvinCommunications OfficerEmail:[email protected] | For more information about Archer’s activities,please visit our:Website:https://archerx.com.au/Twitter:https://twitter.com/archerxauYouTube:https://bit.ly/2UKBBmGSign up to our Newsletter:http://eepurl.com/dKosXI |
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