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SCIDEV LTD — Capital/Financing Update 2021
Nov 25, 2021
65761_rns_2021-11-25_ae9813ee-983a-4ba4-9df9-2093b3f71ec6.pdf
Capital/Financing Update
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Unit 1 8 Turbo Road Kings Park NSW 2148 Australia ABN 25 001 150 849
Email: [email protected] Website: www.scidev.com.au ASX code: SDV
Companies Announcements Office Australian Stock Exchange
26 November 2021
Results of SPP
SciDev Limited (ASX:SDV; SciDev , or the Company ) advises that its recently announced SPP offer closed as scheduled at 5.00pm AEDT on Tuesday, 23 November 2021. Applications were received for $343,000 in new SciDev shares. The new shares will be issued on Monday, 29 November 2021.
$18,000,000 was raised from the successful institutional placement on the 9[th] of November 2021. The institutional placement was heavily oversubscribed and raised the required capital needed to execute on the company’s growth ambitions. The SPP was offered to ensure all shareholders had the ability to participate in the raising.
Directors Lewis Utting and Jon Gourlay, with other senior executives, have taken up their full entitlement in the offer.
On behalf of SciDev Ltd
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Lewis Utting Managing Director and CEO
Heath Roberts Company Secretary
This release has been approved by the Board of Directors of SciDev Limited.
For Further Information:
Corporate Investors Lewis Utting – MD & CEO Craig Sainsbury – Market Eye Heath Roberts – Company Secretary [email protected] (+61) 2 9622 5185 (+61) 428 550 499
About SciDev
SciDev is a leader in the environmental solutions market focused on water intensive industries. SciDev brings together world-class technology, chemistry and application to solve pressing operational and environmental issues for the water, oil and gas, mining and construction markets.