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NOVONIX Ltd — Capital/Financing Update 2021
Apr 6, 2021
33557_rns_2021-04-06_96b75221-0295-4cff-88d3-ca7a3e747066.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT (ASX: NVX )
7 April 2021
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Cancellation of Share Purchase Plan
NOVONIX Limited ( ASX: NVX ) (“Novonix” or “the Company”) announces that the Board of Directors has resolved to cancel the Share Purchase Plan announced to the market on 25 February 2021. On 4 March 2021, the Company announced the deferral of the Share Purchase Plan. This decision was made after careful consideration by the Board and following the share price currently trading below the Share Purchase Plan offer price of A$2.90. The Company currently has no intention to re-issue the Share Purchase Plan at a lower price.
The Directors reserve the right to reconsider the provision of a Share Purchase Plan or equivalent initiative at a later stage subject to the support of shareholders and the capital requirements of the Company.
This announcement has been authorised for release by Tony Bellas, Chairman.
ABOUT NOVONIX
NOVONIX LIMITED (ASX: NVX) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries.
NOVONIX's mission is to support the global deployment of lithium-ion battery technologies for a cleaner energy future.
For any questions, please contact [email protected]
NOVONIX Limited (ASX: NVX) ACN 157 690 830 GPO Box 525 Brisbane Qld 4001 AUSTRALIA