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DXN LIMITED — Capital/Financing Update 2020
May 13, 2020
64806_rns_2020-05-13_36bff20f-e2d5-4c96-8739-46142271ceb5.pdf
Capital/Financing Update
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14 May 2020
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ASX Announcement
STRONG SUPPORT FOR ENTITLEMENT ISSUE
DXN Limited (“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 5pm WST on 16 April 2020, under the Entitlement Issue Prospectus dated 8 April 2020 closed on 12 May 2020 ( Closing Date ).
The Offer was underwritten to approx. $6 million by Lazarus Corporate Finance Pty Ltd (formerly Pinnacle Corporate Finance Pty Ltd).
The Company gives notices of the subscriptions for the Offer as follows:
| No. of New Shares | No. of New Options | Gross Proceeds ($) | |
|---|---|---|---|
| Total number of securities offered | 592,179,856 | 592,179,856 | $5,921,798 |
| Entitlements accepted under theOffer | 154,982,516 | 154,982,516 | $1,549,825 |
| Additional securities applied forunder the Offer | 86,386,730 | 86,386,730 | $863,867 |
| Securities to be applied for by theunderwriter or its nominees | 350,810,610 | 350,810,610 | $3,508,106 |
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 $5,921,798 (before costs).
Expiry of 13 May 2020 Options
The Company wishes to advise that 82,994,923 13 May 2020 options have expired.
-Ends-
For more information please contact:
Matthew Madden, CEO T +61 1300 328 239 E: [email protected]
ASX Release authorised by the Disclosure Committee
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]