Share Purchase Plan Offer
Share Purchase Plan Offer
Perth, July 11, 2018 AEST (ABN Newswire) - 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.

To be eligible to participate in the SPP, you were required to have been registered as a holder of Altech Shares, with a registered address in Australia and New Zealand, as at 5pm Western Standard Time (WST) on Friday, 6 July 2018 (Record Date). The Company intends to raise a maximum of $3.0 million via the SPP and any funds raised will be applied towards finalising the detailed design of the Company's proposed high purity alumina (HPA) plant, the preparation of the HPA plant site for construction, the commencement of site works, the order of long lead time plant and equipment, and for corporate, administration and working capital purposes.

The Company last conducted a SPP in June 2017; at that time new Shares were offered at a price of $0.11 per Share. The price performance of the Company's Shares, as traded on the Australian Securities Exchange over the preceding year is illustrated in the chart below (see link below).

The offer of Shares under the SPP (Offer) opens on Wednesday 11 July 2018 (Opening Date) and closes at 5.00pm WST on Tuesday 31 July 2018 (Closing Date). No late applications will be accepted, however the directors of the Company (Directors) reserve the right to extend the Closing Date.

The purchase price for each Share under the Offer will $0.165 per Share.

If you are eligible to subscribe for Shares under the Offer and you wish to participate, you may subscribe for Shares as follows:
 
----------------------------------------------------------------------
Offer         Subscription Amount ($A)         Number of new Shares  
----------------------------------------------------------------------
Offer A       $15,000 (maximum)                90,909 
Offer B       $10,000                          60,606 
Offer C       $5,000                           30,303 
Offer D       $2,500                           15,152 
Offer E       $1,000 (minimum)                  6,061  
----------------------------------------------------------------------
You may only subscribe for Shares in the tranches stated above. The Company reserves the right to allot fewer Shares than an eligible Shareholder applies for under the Offer, or no Shares, and any determination by the directors of the Company in respect of any scaling back will be final. If a scale back occurs, the Company will refund any excess application money to eligible Shareholders (without interest).

In the event the Company wishes to allot fewer Shares than an eligible Shareholder applies for, the allocation of Shares to applicant Shareholders will be at the absolute discretion of the Company's directors from time to time.

Please carefully read the terms and conditions (see link below) relating to the Offer, as you will be bound by them.

If you have any questions in respect of the SPP, the Offer, or these terms and conditions please contact Shane Volk (Company Secretary) on (08) 6168 1555, or via e-mail at shane@altechchemicals.com.

To view the terms and conditions, please visit:
http://abnnewswire.net/lnk/1R575TXV


About Altech Chemicals Ltd

Altech Chemical Ltd ASX:ATCAltech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.

Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.

    


Contact

Altech Chemicals Ltd
Iggy Tan, Managing Director
T: +61-8-6168-1555
E: info@altechchemicals.com
WWW: www.altechchemicals.com



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