Share Purchase Plan Closing Date - 8 April 2016
Perth, April 6, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (
ASX:ATC) reminds shareholders that the closing date for applications for additional shares under its current Share Purchase Plan (SPP) is 5pm (WST) Friday 8 April 2016. There will be no extension to the closing date.
The SPP enables existing shareholders of the Company with a registered address in Australia or New Zealand at the record date (18 March 2016) to apply for up to $15,000 of new fully paid ordinary shares in the Company at $0.086 per share, without incurring any brokerage or other transaction costs.
Personal entitlement forms for participation in the SPP were distributed to all eligible shareholders on 24 March 2016. To participate in the SPP shareholders are able to make application via BPAY(R) (details are on the personal application form), or alternatively make application directly to the Company by completing the personal application form and lodging it together with an accompanying cheque or money order for payment of the shares. Applications made directly to the Company must be received by 5pm (WST) Friday 8 April 2016.
If shareholders have not received a personal application form or have misplaced it but would like to make application for shares at $0.086 per share under the SPP, please contact the Company Secretary - Mr Shane Volk.
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
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