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DE.MEM LIMITED — Capital/Financing Update 2021
Mar 31, 2021
64766_rns_2021-03-31_0110af6e-2043-4958-a7ee-5d21f7b774b8.pdf
Capital/Financing Update
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ASX RELEASE | De.mem Limited (ASX:DEM)
De.mem Share Purchase Plan to Close Early
Highlights:
- Share Purchase Plan (“SPP”) closing date has been brought forward to 5pm on Monday 12 April 2021
1 April 2021: Water and wastewater treatment company De.mem Limited (ASX:DEM) (“De.mem” or “the Company”) advises that it has brought forward the closing date of its Share Purchase Plan (SPP) to 5.00 pm (Sydney time) on Monday 12 April 2021.
Application Process
An SPP Booklet with details of the SPP has been dispatched to all Eligible Shareholders.
Any Eligible Shareholder who has not received the SPP Booklet or would like to discuss the application process can contact SPP Lead Manager, Vested Equities, on [email protected].
Share Purchase Plan (SPP) Offer
The Company is offering Eligible Shareholders with a registered address in Australia or New Zealand ( Eligible Shareholder ) an opportunity to subscribe for new fully paid ordinary shares (SPP Shares ) in the Company by way of a Share Purchase Plan (SPP) as follows:
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Issue price of $0.28 (28 cents) per share (being the same issue price as the Placement share price).
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To each Eligible Shareholder who held Shares in the Company at the record date of 7.00pm (Melbourne, Australia time) on Tuesday 16 March 2021.
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To each Eligible Shareholder for an amount of up to $30,000 of SPP Shares, without paying brokerage.
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The minimum SPP subscription will be $1,000, with subscriptions in increments of $1,000 up to the $30,000 maximum.
De.mem Limited (ASX:DEM) | Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 | [email protected] | +613 9692 7222 | ACN: 614 756 642 | demembranes.com
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The revised indicative* timetable for the SPP is:
| Event | Date and time |
|---|---|
| Record Date | Tuesday 16 March 2021 |
| Announcement of the SPP | Wednesday 17 March 2021 |
| SPP Opening Date | Tuesday 23 March 2021 |
| SPP Closing Date | Monday 12 April 2021 |
| SPP Results announcement | Thursday 15 April 2021 |
| SPP Shares Issue Date | Wednesday 21 April 2021 |
| Quotation of Shares on ASX | Thursday 22 April 2021 |
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- The indicative timetable is subject to change at the Board’s absolute discretion.
This release was authorized by the Company’s Chief Executive Officer, Mr. Andreas Kroell.
For further information, please contact:
| De.mem Limited | Investor Enquires | |||
|---|---|---|---|---|
| Andreas Kroell | George Gabriel, CFA | |||
| CEO | +61 3 8686 9144 | |||
| De.mem Limited | [email protected] | |||
| [email protected] |
De.mem Limited (ASX:DEM) is an Australian-Singaporean decentralised water and wastewater treatment business that designs, builds, owns and operates turnkey water and wastewater treatment systems for some of the world’s largest companies in the mining, electronics, chemical, oil & gas, and food & beverage industries. Its systems also provide municipalities, residential developments and hotels/resorts across the Asia Pacific with a reliable supply of clean drinking water.
De.mem’s technology to treat water and wastewater is among the most advanced globally. The Company is headquartered in Australia and has international locations in Singapore, Germany and Vietnam. It is commercialising an array of innovative proprietary technologies from its research and development partner, Nanyang Technological University (NTU) in Singapore, a world leader in membrane and water research. Technologies uniquely offered by De.mem include a revolutionary low-pressure hollow fibre nanofiltration membrane that uses less electricity and is cheaper to operate than conventional systems, as well as a new Forward Osmosis membrane deployed in dewatering applications or the concentration of liquids.
To learn more, please visit: www.demembranes.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 De.mem 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.
De.mem Limited (ASX:DEM) | Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 | [email protected] | +613 9692 7222 | ACN: 614 756 642 | demembranes.com