Ann: Entitlement Issue Closes Fully Subscribed, page-2

Entitlement Issue Closes Fully Subscribed

HIGHLIGHTS
 Successful $6.2m raising from entitlements issue with
shareholders contributing ~$4.4m (70%).
 Firm commitments have been received for the placement
of the shortfall.
 Confirms strong interest from existing shareholders and
third-party investors in FGR’s progress as the world’s
leading graphene company.
 The Company with its strongest financial position to date is
well positioned to expand the sales book for PureGRAPH®
products.
Advanced materials company, First Graphene Limited (“FGR” or
“the Company” (ASX: FGR) is pleased to confirm its non-
renounceable entitlement issue closed on 9 June 2020, receiving
strong support from existing shareholders and high interest in the
shortfall.
Pursuant to the prospectus announced on 1 May 2020, eligible
shareholders were offered one fully paid ordinary share (Shares)
for every ten shares held at the record date at an issue price of
$0.13 with one free attaching option (ASX:FGROC) for every
Share subscribed for.
The Company confirms eligible shareholders subscribed for
18,931,827 Shares as part of their entitlements, representing
40% of all Shares offered under the Offer, being 47,508,978
Shares.
Eligible shareholders who applied for their full entitlement were
also able to apply for shortfall in excess of their entitlement, and
these applications totalled a further 14,559,643 Shares.
The remaining shortfall of 14,017,508 Shares received high
interest and the book was closed in less than 24 hours.
The Company intends to issue the Shares and Options under the
entitlement issue, including the shortfall, on 16 June 2020.