AI assistant
ETHERSTACK PLC — Regulatory Filings 2016
May 3, 2016
64877_rns_2016-05-03_293009a3-ea5c-49ae-92d2-c650818c4041.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
Etherstack plc | London 1[st] Floor, 28 Poland Street London, W1F 8QN UNITED KINGDOM E: [email protected] P : +44 20 7734 0200 F: +44 20 7437 1505
==> picture [80 x 55] intentionally omitted <==
4 May 2016
ASX Announcement ETHERSTACK PLC
[ASX:ESK]
("Etherstack" or the "Company")
UPDATE ON ETHERSTACK PLC ENTITLEMENTS ISSUE
Etherstack plc, the specialist in wireless communications technologies, is pleased to provide an update on the status of the Entitlements issue announced on 20 January 2016 and as detailed in the Entitlements issue prospectus dated 6 April.
Eligible shareholders have subscribed for 40,877,859 CDIs (representing $4.08 million) and these have been allotted on 4 May 2016.
The entitlements of ineligible shareholders and those entitlements not taken up by eligible shareholders will form part of the Shortfall offer which is currently in progress.
The Company has commitments and indicative support for approximately $3.0m of the Shortfall offer, representing over $7.0m when combined with the entitlements taken up by eligible shareholders, out of the of the $9.5m raise.
The Company looks forward to successfully completing the raise within a short period.
Enquiries
Etherstack David Carter, Chief Financial Officer T: +61 2 8399 7500 www.etherstack.com
Media:Walbrook Investor Relations Mr. Ben Knowles T: +61 426 277 760 [email protected]
About Etherstack plc (ASX:ESK):
Etherstack is a wireless technology company specialising in developing, manufacturing and licensing mission critical radio technologies for wireless equipment manufacturers and network operators around the globe. With a particular focus in the public safety, defence, utilities, transportation and resource sectors, Etherstack's technology and solutions can be found in radio communications equipment used in the most demanding situations. The company has R&D facilities in London, Sydney, New York and Yokohama.
==> picture [263 x 94] intentionally omitted <==
English Registered Company No. 7951056 | ARBN 156 640 532
Sydney Yokohama +61 2 8399 7500 +81 45 342 9050 [email protected] [email protected]
New York +1 917 661 4110 [email protected]