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PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED — Capital/Financing Update 2021
Mar 30, 2021
65544_rns_2021-03-30_7791e25d-26b5-4993-bfdb-01d880d0c6e1.pdf
Capital/Financing Update
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ASX Announcement
31st March 2021
Cancellation of Options
ASX Code: PET
Phoslock Environmental Technologies [PET] wishes to advise that the following options have lapsed and are now canceled. In both instances the performance condition was not met.
5 Million to International Employees – Performance Condition: PET International to record sales > $15 million for the period 1 January 2020 to 31 December 2020
20 Million to China Employees and consultants – Performance Condition: PET China to record sales (before VAT) > $40m for the period 1 January 2020 to 31 December
This announcement has been approved by the Managing Director and Chairman
Matthew Parker
Company Secretary
For more information please contact:
Mr Lachlan McKinnon – Managing Director and CEO, Phone: +61 (03) 9110 0002 Mr Michael Kotowicz – Investor Relations; Phone: + 61 (02) 9199 8010 / Mob: 0416 233 145
Share Price: A$0.245 52 Week High: A$0.59 52 Week Low: A$0.19 Issued Shares: 625.0m Market Cap: A$153m Address:
Level 16, 1 Collins St Melbourne, Vic, 3000 Phone: +61 3 9110 0002 Email: [email protected]
www.phoslock.com.au www.phoslock.eu www.phoslock.com.br www.phoslock.cn
BLOG on Water Issues: www.phoslock.com.au
ABOUT PHOSLOCK ENVIRONMENTAL TECHNOLOGIES LIMITED (PET)
Phoslock Environmental Technologies Limited (ASX: PET) specialises in engineering solutions and water treatment products to remediate polluted lakes, rivers, canals and drinking water reservoirs.
Headquartered in Melbourne, PET has offices in Brisbane, Beijing, Bremen (Europe) and Manchester (UK). PET also has registered entities in Canada and the USA and manufacturing operations based in Changxing, China. PET is represented by licensees, distributors, and agents in ten other countries including SePRO Corporation in the United States and HydroScience in Brazil.
Phoslock® is a proprietary and unique water treatment product that permanently binds excess phosphorus in the water column and sediments.
Phoslock® is certified to be used in drinking water in North America, Europe, Brazil, Australia, and China. Along with Phoslock®, PET also supplies zeolites and specialised strains of bacteria that address water pollution issues.
For more information visit www.phoslock.com.au
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