Media ReleasesSomnomed Limited

View All Somnomed Limited News

SomnoMed Announces Successful Completion of Institutional Entitlement Offer

SomnoMed is today pleased to announce the successful completion of the Institutional Entitlement Offer. Approximately 1.97 million New Shares will be issued to successful applicants under the Institutional Entitlement Offer at an issue price of $3.00 per New Share (Offer Price), raising approximately $5.9 million.

The Institutional Entitlement Offer received strong support from existing shareholders and the shortfall, comprised of the entitlements not taken up by eligible institutional shareholders along with the entitlements of ineligible institutional shareholders will be taken up by TDM Asset Management Pty Ltd and other major existing shareholders.

As a result of the successful completion of the Institutional Entitlement Offer, SomnoMed shares will recommence normal trading on an ex-entitlement basis from the opening of the market on 21 February 2018.

For further information please download PDF attached:
Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

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