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Altech Chemicals, $1.8 million share placement and initiation of share purchase plan


Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is pleased to announce the successful completion of an $1.8 million (before costs) share placement (Placement) and the initiation of a share purchase plan (SPP) whereby existing shareholders can apply for up to $30,000 of new Altech shares at the same price as the Placement participants. The Placement and SPP shares will be issued at a price of 9.75 cents per share, representing a 15% discount to the price of the Company’s shares as traded on the ASX at the close of trade on Monday 2 December 2019 and the 5-day VWAP.

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