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ALTECH ADVANCED MATERIALS AG RIGHTS OFFER RESULT


Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) in conjunction with Altech Advanced Materials AG (AAM) is pleased to provide an update on AAM’s capital raising initiatives.

On 17 January 2020 AAM announced that Stage 1 of its capital raise, a 40:1 rights offer to existing shareholders at a price of €1.10 per new share had resulted in subscriptions for approximately €2.0 million of new shares and had been registered on 16 January 2020. As AAM had ~1.5m shares on issue, and approximately 100 predominantly retail shareholders eligible to participate in the rights offer, funds raised via the offer was in line with expectations. 


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