Nanollose Ltd (ASX:NC6) Letter to Shareholders

Non Renounceable Rights Offer

Nanollose Ltd (ASX:NC6) on 16 April 2018, lodged a Prospectus with ASIC and ASX, seeking to raise up to approximately $187,500 by a non-renounceable rights offer ("Offer") of up to approximately 18,749,999 entitlement options on the basis of 1 entitlement option for every 4 shares held at an issue price of 1 cent per entitlement option. The options have an exercise price of 30 cents and an expiry date of 31 December 2020.

The funds raised under the Offer will be used as additional working capital and to meet Offer expenses.

The Offer is not underwritten. There is no minimum subscription under the Offer.

The timetable for the Offer is as follows:

 
------------------------------------------------------------------- 
Lodgement of Prospectus with ASIC and ASX           16 April 2018 
Application to ASX for quotation of options under 
the Prospectus                                      16 April 2018 
Notice to Shareholders                              18 April 2018 
Current Shares "Ex" the entitlements issue 
on the ASX                                          19 April 2018 
Record Date to identify Shareholders and 
to determine Entitlements to options under 
the Prospectus                                      20 April 2018 
Despatch of Prospectus and Entitlement and 
Acceptance Form (Opening Date)                      26 April 2018 
Closing Date                                          18 May 2018
Deferred settlement trading                           21 May 2018
ASX notified of undersubscriptions                    23 May 2018
Issue Date and end of deferred settlement trading     25 May 2018 
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Subject to the Listing Rules, the above dates may be changed without notice.

The Offer will be made to the Company's shareholders with a registered address in Australia or New Zealand on the Record Date ("Eligible Shareholders").

The capital structure of the Company post-completion of the Offer assuming full subscription will be as follows: (see link below)

It is anticipated that the Prospectus offering entitlement options for subscription will be mailed to Eligible Shareholders on 26 April 2018. The Prospectus may be viewed on the Australian Securities Exchange's website at www.asx.com.au or alternatively on the Company's website at www.nanollose.com.

Application will be made to ASX for official quotation of the options. In the calculation of any entitlement, fractions will be rounded up to the nearest whole number. No shareholder approval is required to the Offer.

Overseas Shareholders

The offer is only made to Eligible Shareholders (shareholders with a registered address in Australia or New Zealand at the Record Date). Therefore, if you are a shareholder with a registered address other than Australia or New Zealand, no offer will be made to you. In making this decision, the directors have taken into account the small number of overseas shareholders and the costs and administrative complexity of complying with applicable regulations in jurisdictions outside Australia and New Zealand.

If you have any questions please do not hesitate to contact the Company.

To view the release, please visit:
http://abnnewswire.net/lnk/5X3C6971


About Nanollose Limited

Nanollose Limited (ASX:NC6) is an innovative Australian company that uses a low cost and eco-friendly fermentation process to grow fibres that could become a sustainable alternative to conventional plant-derived cellulose fibres. The Company's process, which uses streams from various large-scale industries like sugar, wine and food, has the ability to produce 'Plant-Free' Cellulose. Cellulose is the hidden building block polymer most consumers know nothing about, but forms a huge part of items used in their everyday life such as clothing, paper and hygiene products.

   

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