Media ReleasesAltech Chemicals

View All Altech Chemicals News


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. 


For further information, please refer to the attached PDF.
Download this document

Are you a 708 sophisticated investor?

If you are a sophisticated investor as defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

We can alert you to wholesale investment opportunities not available to regular investors.

Please subscribe if you would like to be alerted to these types of opportunities.