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CLEARVUE TECHNOLOGIES LIMITED — Director's Dealing 2021
Jun 3, 2021
64697_rns_2021-06-03_5a65d210-d8e4-4efe-9b79-3455149523cc.pdf
Director's Dealing
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ASX Announcement – 4 June 2021
ASX Release ǀ ClearVue Technologies Limited (ASX: CPV)
Director Conversion of Options
4 June 2021: Smart building materials company ClearVue Technologies Limited (ASX:CPV) ( ClearVue or the Company ) advises that Mr Victor Rosenberg has given notice of the exercise of all of the options controlled by him, being 22,660,099 unlisted options (each having an exercise price of $0.25c per option). The conversion is funded by the sale of 18,000,000 ClearVue shares which was undertaken on 3 June 2021 by a sale to a number of thirdparty investors, including some Australian institutional investors. Mr Rosenberg’s relevant interest in ClearVue shares will increase from 22,410,099 to 27,070,198 on completion of the conversion and sale.
The Company further advises that another major shareholder has also given notice of the exercise of a portion of the options controlled by that party, being 3,006,560 unlisted options (each having an exercise price of $0.25c per option). The conversion is funded by the sale of 2,000,000 ClearVue shares to the same third-party investors as referred to above.
The effect of the conversion of options and the sale of these shares to third-party investors as referred to above, is that the Company will receive proceeds of $6,416,664, and a large portion of the sale shares are held by institutional shareholders who are supportive of the Company.
The Company will lodge the relevant Director appendices in due course, as required by ASX Listing Rules.
Authorised by the Board of ClearVue Technologies Limited.
For further information, please contact:
ClearVue Technologies Limited
Mr Victor Rosenberg Executive Chairman ClearVue Technologies Limited [email protected] +61 8 9482 0500
ClearVue Technologies Limited PO Box 902 , West Perth WA 6872 +618 9482 0500 ClearVue Technologies Limited [email protected] www.clearvuepv.com
[email protected] www.clearvuepv.com
ASX Announcement
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About ClearVue Technologies Limited
ClearVue Technologies Limited (ASX: CPV) is an Australian technology company that operates in the Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into building surfaces, specifically glass and building façades, to provide renewable energy. ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
ClearVue’s electricity generating glazing technology is strategically positioned to compliment and make more compelling, the increased use of energy-efficient windows now being regulated in response to global climate change and energy efficiency goals.
Solar PV cells are incorporated around the edges of an Insulated Glass Unit (IGU) used in windows and the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary nano and micro particles, as well as its spectrally selective coating on the rear external surface of the IGU.
ClearVue’s window technology has application for use in the building and construction and agricultural industries (amongst others).
ClearVue has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University (ECU) in Perth, Western Australia to develop the technology.
To learn more please visit: www.clearvuepv.com
Forward Looking Statements
Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of ClearVue Technologies Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.
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