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DE.MEM LIMITED — Capital/Financing Update 2024
Jul 1, 2024
64766_rns_2024-07-01_dfad862e-340b-4489-9c4e-4700b7d56b04.pdf
Capital/Financing Update
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ASX RELEASE | De. Mem Limited (ASX:DEM)
Section 708A Cleansing Notice
2 July 2024: This notice is given by De. Mem Limited ( DEM or the Company) (ASX: DEM ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).
The Company hereby confirms that:
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(a) The Company issued on 1 July 2024 a total of 1,109,917 Fully Paid Ordinary Shares ( Shares ) at an issue price of $0.109 (10.9 cents) per Share to the vendors of Auswater Systems Pty Ltd ( Auswater ) as part consideration for the acquisition of Auswater by the Company as announced on 3 June 2024;
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(b) the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;
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(c) the Company is providing this notice under paragraph 5(e) of section 708A of the Corporations Act;
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(d) as at the date of this notice the Company, as a disclosing entity under the Corporations Act, has complied with:
- (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and (ii) sections 674 and 674A of the Corporations Act;
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(e) as at the date of this notice, there is no information that is “excluded information” (as defined in sections 708A(7) and 708A(8) of the Act) which is required to be disclosed by the Company.
-ENDS-
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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For further information, please contact:
De.mem Limited
Andreas Kroell CEO De.mem Limited [email protected]
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De.mem Limited (ASX:DEM) is a 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 de-watering applications or the concentration of liquids.
To learn more, please visit: www.demembranes.com
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