Energy Technologies

Results of Rights Issue


Energy Technologies Limited (ASX: EGY)(EGY or the Company) is pleased to announce the results of its non-renounceable pro-rata rights issue as announced on Thursday, 12 September 2024.

Capitalised terms used in this announcement but not defined have the meaning given to them in the Offer Booklet lodged by the Company on Friday, 20 September 2024.

Results of the Offer

The Offer closed at 5.00pm (AEST) on Wednesday, 2 October 2024. The Offer raised approximately

$0.4m with Eligible Shareholders subscribing for approximately 14.4m shares (New Shares) at the Issue Price of $0.03 (3 cents) per New Share.

Following the close of the Offer, including the Additional Securities, there is a shortfall of 407,645,638 New Shares ($12,229,369.14).

The Company reserves the right to place the residual Shortfall at the same price on the same terms as the Offer, at the discretion of the Board, for a period of up to 3 months following the Closing Date.

Subject to settlement of funds, the New Shares subscribed for under the Offer are expected to be issued on Wednesday, 9 October 2024, with normal trading of the New Shares expected to commence on Thursday, 10 October 2024.

Source

EGY:AU
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