Cancellation of Share Purchase Plan
NOVONIX Limited (ASX: NVX) (“Novonix” or “the Company”) announces that the Board of
Directors has resolved to cancel the Share Purchase Plan announced to the market on 25
February 2021. On 4 March 2021, the Company announced the deferral of the Share Purchase
Plan. This decision was made after careful consideration by the Board and following the share
price currently trading below the Share Purchase Plan offer price of A$2.90. The Company
currently has no intention to re-issue the Share Purchase Plan at a lower price.
The Directors reserve the right to reconsider the provision of a Share Purchase Plan or
equivalent initiative at a later stage subject to the support of shareholders and the capital
requirements of the Company.
This announcement has been authorised for release by Tony Bellas, Chairman.
Ann: Cancellation of Share Purchase Plan, page-2
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57.5¢ |
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Mkt cap ! $283.8M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 60.0¢ | 57.5¢ | $469.0K | 799.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18506 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 10000 | 1 |
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