AI assistant
CTI LOGISTICS LIMITED Capital/Financing Update 2015
64663_rns_2015-11-18_4b8fb1dc-473c-4578-a50d-db4ce0f45398.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
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
19 November 2015
Company Announcements
ASX
Via ASX Online
Placement of Dividend Reinvestment Plan Shortfall
CTI Logistics Limited (the "Company") (ASX: CLX) is pleased to advise that it has placed the shortfall in respect of the Company's Dividend Reinvestment Plan ("DRP") participation. The placement has been taken up by a number of institutional and sophisticated clients of the Lead Manager, Taylor Collison Limited.
The Company has raised \$2.1 million through the issue of an additional 1.7 million shares at the DRP price of \$1.22 per share.
The board of the Company believes it is prudent to maintain a strong financial position to take advantage of new growth projects. The Company's DRP is consistent with this strategy and will also continue to improve the liquidity of the Company's shares.
David Mellor COMPANY SECRETARY