Genex Power Ltd Stock Market Press Releases and Company Profile
Despatch of Share Purchase Plan Booklet
Despatch of Share Purchase Plan Booklet

Sydney, July 4, 2019 AEST (ABN Newswire) - Genex Power Ltd (googlechartASX:GNX) is pleased to offer Eligible Shareholders the opportunity to participate in the Company's SPP by subscribing for up to up to $15,000 worth of fully paid ordinary shares in the capital of the Company (subject to any scale back or non-fulfilment of application) without incurring brokerage or transaction costs, subject to the enclosed Terms and Conditions (Offer).

The Directors reserve the right to scale the Offer to a maximum of $3,000,000. The Offer is not underwritten. The Company intends to offer shares under the SPP at an issue price of $0.24 for each New Share (Issue Price).

Participation in the Offer is entirely voluntary. The issue of New Shares is expected to take place on or around 26 July 2019 with trading to commence on 29 July 2019.

Use of Funds

It is intended that the proceeds of the Offer will be used to fund the equity requirements for the Jemalong Solar Project and for general working capital purposes.

To view the offer, please visit:
http://abnnewswire.net/lnk/W8N1AY01


About Genex Power Ltd

Genex Power Ltd ASX:GNXGenex Power Limited (ASX:GNX) is focused on developing a portfolio of renewable energy generation and storage projects across Australia. The Company's flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro. The Kidston Clean Energy Hub is comprised of the operating 50MW stage 1 Solar Project (KS1) and the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) with potential for further multi-stage wind and solar projects. The 50MW Jemalong Solar Project (JSP) is located in NSW and provides geographical diversification to the Genex Power Limited portfolio. JSP was energised in early December 2020 and commissioning is now underway. Genex is further developing its energy storage portfolio via the early stage development of a 50MW/75MWh standalone battery energy storage system at Bouldercombe in Queensland. With over 400MW of renewable energy and storage projects in development, Genex is well placed as Australia's leading renewable energy and storage company.

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Contact

Simon Kidston
Executive Director
Tel: +61 2 9048 8850
Email: sk@genexpower.com.au



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