AI assistant
WEEBIT NANO LTD — Regulatory Filings 2021
Nov 11, 2021
66042_rns_2021-11-11_544baf5d-5a40-4f77-b71e-9257ba988392.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
==> picture [224 x 64] intentionally omitted <==
ASX RELEASE
Withdrawal of Resolution at 2021 Annual General Meeting
12 November 2021 – Weebit Nano Limited (ASX: WBT) advises that the Board has resolved to withdraw Resolution 4 from the agenda of the Annual General Meeting of shareholders scheduled for 4:00pm (AEDT) on Tuesday, 16 November 2021. The Notice of Meeting was lodged with the ASX on 15 October 2021. Resolution 4 requested the approval for the issuance of an additional 10% of issued capital over a 12-month period. To be eligible to seek approval under ASX Listing Rule 7.1A, a listed entity must have a market capitalisation of $300 million or less and not be included in the S&P/ASX300 Index. As of 12 November 2021, the Company has a market capitalisation of approximately $421 million and is therefore ineligible to seek approval under ASX Listing Rule 7.1A.
The withdrawal of Resolution 4 will not affect the validity of the proxy form attached to the Notice of Annual General Meeting or any proxy votes already submitted in respect of the remaining resolutions to be put to shareholders for approval.
- ENDS -
This announcement has been authorised for release by the Board of Weebit Nano Limited.
For further information please contact:
Investors
Eric Kuret, Market Eye P: +61 417 311 335 E: [email protected]
Media – Australia Media – US Tristan Everett, Market Eye Jen Bernier-Santarini, Weebit Nano P: +61 403 789 096 P: +1 650-336-4222 E: [email protected] E: [email protected]
About Weebit Nano Limited
Weebit Nano Ltd. is a leading developer of next-generation semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence.
Weebit’s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. Because it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.
See: www.weebit-nano.com or follow us on https://twitter.com/WeebitNano
Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.
==> picture [278 x 116] intentionally omitted <==
Contact Office: +972-9-7797832 [email protected] www.weebit-nano.com