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PPK GROUP LIMITED — Capital/Financing Update 2021
Aug 12, 2021
65603_rns_2021-08-12_fe58e6e8-9d1c-4ee7-9fad-94503d363007.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
FOR IMMEDIATE RELEASE TO THE MARKET
PPK GROUP LIMITED – ASX Code: PPK
13 August 2021
Li-S Energy Prospectus Closes
PPK Group Limited (ASX Code: PPK) has been advised that the closing date for the Li-S Energy Ltd initial public offering (IPO) has been brought forward to today, 13 August 2021 due to excess demand for the offer.
Executive Chairman of PPK, Robin Levison noted:
“Li-S Energy has detailed its share offering and business plan in its Prospectus to raise $34,000,000 and it is a sign of the market’s confidence that funds subscribed in such a short space of time exceeded the subscription amount.
PPK will have a 50.12% direct and indirect holding in Li-S Energy post the capital raising and looks forward to Li-S executing its business plan and accelerating its outlined business development strategy.”
This announcement has been made and authorised by the PPK Group Board.
For further information contact:
Robin Levison
Executive Chairman of PPK Group Limited On 07 3054 4500.
PPK GROUP LIMITED
ABN: 65 003 964 181
Level 27, 10 Eagle St, Brisbane QLD 4000 GPO Box 754, Brisbane Qld 4001 Tel: +61 7 3054 4500 Fax: +61 7 3054 4599