Shareholders are referred to Renergen’s SENS announcement dated 27 September 2019, whereby ordinary resolution 6 relating to the general authority to issue shares for cash was withdrawn due to the potentially highly dilutive consequence, being the ability to issue 50% of the current issued share capital of the Company. Furthermore, following the successful Initial Public Offering on the Australian Securities Exchange (ASX) in June of 2019, and the successful draw down of the loan from the Overseas Private Investment Corporation (OPIC), the Company does not envisage requiring significantly more capital on the basis of its current
business plan.
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