AI assistant
BPH ENERGY LTD — Capital/Financing Update 2019
Oct 24, 2019
64555_rns_2019-10-24_529b0f6b-b8b3-4adc-bf91-22fd3e747645.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [271 x 99] intentionally omitted <==
25 October 2019 Companies Announcement Office ASX Limited Exchange Centre Level 4, 20 Bridge Street Sydney, NSW 2000
Dear Sir/Madam
ASX Market Release - Share Purchase Plan
BPH Energy Limited (ASX: BPH) ( BPH ) is pleased to announce that it proposes to undertake a share purchase plan to existing and eligible shareholders to raise up to $600,000 (before costs) ( SPP ).
Share Purchase Plan Information
BPH intends to offer existing eligible shareholders the opportunity to subscribe for up to a maximum of $30,000 of Shares at the offer price of $0.00140056 per Share to raise up to $600,000 (before costs) under the SPP.
Under the SPP each eligible shareholder of BPH as at 24 October 2019 ( Record Date ) with a registered address in Australia or New Zealand will be entitled to acquire up to A$30,000 of Shares, subject to any scale back.
BPH reserves the right to reject or scale back applications under the SPP at its absolute discretion if applications exceed $600,000 in aggregate. A SPP offer booklet with further details in respect to the offer under the SPP will be dispatched to eligible shareholders on or around 30 October 2019.
New Shares issued under the SPP will rank equally with existing shares in BPH.
An indicative timetable of the SPP is set out below.
| Indicative Timetable* | |
|---|---|
| Record Date for SPP | 24 October 2019 |
| Announce SPP | 25 October 2019 |
| Dispatch SPP booklet to shareholders and release Offer Letteron the ASX | 30 October 2019 |
| Opening date for SPP | 30 October 2019 |
| Closing date for SPP | 15 November 2019 |
| Lodge Appendix 3B, Issue of new Shares under the SPP | 18 November 2019 |
BPH Energy Limited ACN 95 912 002 PO Box 317, North Perth, Western Australia 6906 14 View Street, North Perth, Western Australia 6006 [email protected] www.bphenergy.com.au
T: +61 8 9328 8366 F: +61 8 9328 8733
The timetable is indicative only and BPH may, at its discretion, vary any of the above dates, subject to compliance with the ASX Listing Rules and Corporations Act.
Yours sincerely ,
==> picture [113 x 47] intentionally omitted <==
David Breeze Executive Director