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DXN LIMITED — Capital/Financing Update 2019
Nov 5, 2019
64806_rns_2019-11-05_81fdd795-3392-41c7-be6f-baff6da203f7.pdf
Capital/Financing Update
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6 November 2019
ASX Announcement
STRONG SUPPORT FOR ENTITLEMENT ISSUE
DXN Limited (ASX: DXN) ( DXN or the Company ) advises that the non-renounceable pro-rata entitlement issue ( Offer ) made to eligible shareholders of the Company, named on its register of members as at 7pm AEST on 17 October 2019, under the Entitlement Issue Prospectus dated 11 October 2019 closed on 4 November 2019 ( Closing Date ).
The Offer was underwritten to approx. $5 million by Pinnacle Corporate Finance Pty Ltd.
The Company gives notices of the subscriptions for the Offer as follows:
| No. of New Shares | No. of New Options | Gross Proceeds ($) | |
|---|---|---|---|
| Total number of securities | 90,568,130 | 90,568,130 | $4,981,247 |
| offered | |||
| Entitlements accepted under | 30,581,205 | 30,581,205 | $1,681,966 |
| the Offer | |||
| Additional securities applied | 16,866,791 | 16,866,791 | $927,673 |
| for under the Offer | |||
| Securities to be applied for | 43,120,134 | 43,120,134 | $2,371,608 |
| by the underwriter or its | |||
| nominees |
The above figures are subject to none of the proceeds being dishonoured between the time of this announcement and the issue of New Shares and New Options.
On completion of the Offer, the amount raised will be $4,981,247 (before costs).
-Ends-
For more information please contact:
Matthew Madden, CEO T +61 1300 328 239 E: [email protected]
DXN Limited
ABN: 46 620 888 548
9 Mumford Place, Balcatta, Perth, Western Australia, 6021 W: dxn.solutions | T: 1300 328 239 | E: [email protected]