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RANGE INTERNATIONAL LIMITED — Capital/Financing Update 2017
Sep 27, 2017
65662_rns_2017-09-27_264aecd9-f145-41fa-804f-f89993e9cd78.pdf
Capital/Financing Update
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ASX Announcement (ASX:RAN)
28 September 2017
Completion of Share Purchase Plan
Range International Limited ( Range International Company ), pallets made from 100% recycled plastic, is pleased to announce the completion of its Share Purchase Plan e opportunity to invest in Range International at the same issue price as offered under the institutional placement announced on Wednesday, 30 August 2017.
The SPP closed at 5.00pm on Tuesday, 26 September 2017 with applications of approximately A$2.2 ) received. This brings the total amount raised to A$15.7 million subject to shareholder approval of the conditional placement of A$6.75 million to Board members and investors at the General Meeting to be held on Wednesday, 11 October 2017.
Successful eligible SPP applicants will be issued New Shares at A$0.30 per share. No scaleback of applications will occur and participating shareholders will be issued the full amount of New Shares for which they applied, up to a maximum of A$15,000.
The New Shares are expected to be issued on Tuesday 3 October 2017.
The Board thanks everyone who supported the fundraising.
Mark Daniel Chair/Interim CEO
About Range International:
Range is a manufacturer of plastic pallets. Our ThermoFusion plastic pallets from 100% recycled plastic at a price that is competitive with wood pallets. Range currently has production lines operating in Indonesia and sells its pallets under the brand Re>Pal a global production footprint and sales distribution network.
Media: [email protected] Investor Relations: [email protected]
RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 134 William Street East Sydney, NSW 2010 | www.rangeinternational.com