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CTI LOGISTICS LIMITED Capital/Financing Update 2013
64663_rns_2013-04-23_a41c4b29-cd4b-4c3a-817b-6afcdc81918d.pdf
Capital/Financing Update
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ABN 69 008 778 925
1 Drummond Place West Perth WA 6005 Postal Address PO Box 400 West Perth
Western Australia 6872 Telephone (08) 9422 1100 Facsimile (08) 9227 8000 Email [email protected] Web www.ctilogistics.com
24 April 2013
Company Announcements
ASX
Via ASX Online
CTI LOGISTICS LIMITED --- Underwriting Dividend Reinvestment Plan
CTI Logistics Limited (ASX:CLX) advises that the Company has appointed Euroz Securities Limited as underwriter of a shortfall in Dividend Reinvestment Plan ("DRP") participation by CTI Logistic's shareholders with respect to the Interim Dividend announced by the Company on 27 February 2013. This underwriting agreement relates to a maximum of \$1,766,410.46 of the DRP. The management believes it is prudent to preserve cash where appropriate for deployment into new growth projects and is therefore a sensible form of capital management which will also continue to increase liquidity of the Company's securities.
DAVID A MELLOR COMPANY SECRETARY