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ENECO REFRESH LTD — Capital/Financing Update 2009
Jun 1, 2009
64874_rns_2009-06-01_95e93d09-a395-4e6f-b319-fdf7286a9645.pdf
Capital/Financing Update
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Refresh Group Limited ( ACN 079 681 244) 17 Denninup Way, Malaga WA 6090 Tel: (08) 9248 3006 Fax: (08) 9248 7233 Email: [email protected] Website: www.refreshgroup.com.au
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2 June 2009
Name Address Address
Dear Shareholder
Notice to Shareholders – Non-renounceable Rights Issue, Fully Underwritten
Refresh Group Limited (Company or Refresh) has announced that it is making a pro-rata nonrenounceable Rights Issue of up to 22,180,616 fully paid ordinary shares (New Shares) to raise approximately $1,109,031 million, before expenses. All New Shares will rank equally in all respects from the date of allotment with the Company’s shares currently quoted on Australian Securities Exchange (ASX).
Shareholders are entitled to take up one New Share for every two shares registered as at 5.00 pm on 16 June 2009 at an issue price of 5 cents per share. Every New Share comes with a free Option, exercisable at 10 cents each on or before 7 July 2010. All underlying shares to be issued on exercise of the Options will rank equally with existing quoted ordinary shares of the Company.
This Rights Issue is fully underwritten by Asia Pacific Links (BVI) Pty Ltd (APL). The Board plans to invite Dr Anthony Soh, who is a director of APL, and Mr Boon Kheng Ong to join us as non-executive directors upon completion of the offer. Dr Soh and Mr Ong have many years of experience as directors of public-listed companies, including as Chief Executive Officers.
Funds raised from the offer will enable Refresh to increase the range of water purification equipment it currently markets. We are pleased to announce that Refresh has been appointed Australian distributors of AirQua International Pte Ltd, Singapore and Woongjin Coway Co Ltd, Korea. Their products can be seen on www.airqua.com and www.coway.com respectively.
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Distributor of:
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----- Start of picture text ----- PREC SIONDESIGN & MANUFACTURINGand Manufacturing - CNC Punching & Bending''Specializing in Custom Sheet Metal Design----- End of picture text -----
Refresh Waters Pty Ltd (ACN 115 000 318) Perth - 17 Denninup Way, Malaga, WA 6090 T: (08) 92487222 F: (08) 92487233 E: [email protected] Kalgoorlie – 33/46 Great Eastern Hy, Kalgoorlie WA 6430 T: (08) 90222266 F: (08) 90224468 E: [email protected] Melbourne – 14 Bando Rd, Springvale Vic 3171 T: (03) 95623877 F: (03) 95623177 E: [email protected] Sydney – 3 Salisbury St, Silverwater, NSW 2128 T: (02) 97484200 F: (02) 97484366 E: [email protected] Refresh Waters Queensland Pty Ltd (ACN 095 451 406) Brisbane – 120 Mica Street, Carole Park, Qld 4300 T: (07) 32711251 F: (07) 38793019 E: [email protected] Toowoomba – 600 Boundary St, Toowoomba Qld 4350 T: (07) 46590400 F: (07) 46590411 E: [email protected]
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The offer does not require shareholder approval. However, new issue of shares may only take place in accordance with the provisions of the Company’s Constitution and pursuant to the requirements of ASX.
A Prospectus detailing the Rights Issue was lodged with the Australian Securities and Investments Commission (ASIC) and ASX on 29 May 2009. Copies of the Prospectus are available on the ASX website at www.asx.com.au and on the Company’s website at www.refreshgroup.com.au. An Appendix 3B New issue announcement, application for quotation of additional securities and agreement was also lodged with ASX on 29 May 2009.
On 22 June 2009, the Prospectus will be mailed to all shareholders on the Company’s share register as at 5.00 pm on 16 June 2009. An Entitlement and Acceptance Form will be sent with the Prospectus. Before making a decision whether to subscribe for the New Shares, please carefully read the Prospectus in its entirety. The offer closes on 7 July 2009.
The proposed timetable* for the Rights Issue is as follows:-
| Announcement of Offer | 29 May 2009 |
|---|---|
| Application to ASX for Official Quotation of the New Shares | 29 May 2009 |
| Lodgement of Prospectus with ASIC | 29 May 2009 |
| Letter sent to shareholders containing details of the timetable and statement | |
| that the Prospectus and Appendix 3B has been lodged with ASX. | 2 June 2009 |
| Ex-date | 10 June 2009 |
| Record Date | 16 June 2009 |
| Despatch of Prospectus and Offer opens for receipt of Applications | 22 June 2009 |
| Closing Date for Applications | 7 July 2009 |
| Trading commences on a deferred settlement basis | 8 July 2009 |
| ASX notified of under-subscriptions | 10 July 2009 |
| Holding statementsforNew Shares despatched | 15 July2009 |
*The dates above are indicative only. Subject to the Listing Rules and the Corporations Act, the Company, with the consent of the Underwriter, reserves the right to change any date without prior notice.
I encourage you to read the Prospectus when you receive it and consider participating in the Rights Issue.
Yours sincerely
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Henry Heng Executive Chairman
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