SHARE PURCHASE PLAN OFFER
On 9 July, Altech Chemicals Limited (ASX: ATC, FRA: A3Y) ACN 125 301 206 (Altech or the Company) announced a $20 million capital raising for commence construction of its high purity alumina (HPA) plant in Malaysia. The shares for the capital raising are priced $0.165 per share, representing an 18.7% discount to the volume weighted average market price of the Company’s Shares as traded on the ASX on the 5 trading days immediately prior to the announcement of the capital raising.
Altech is now pleased to provide all existing eligible Shareholders the opportunity to purchase up to $15,000 of new Shares in the Company, via a Share Purchase Plan (SPP). The issue price of Shares offered under the SPP will also be $0.165 per Share.
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