BGT 0.00% 6.9¢ bio-gene technology ltd

IPO - Bio-Gene Technology Ltd, page-2

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    TRANSACTION OVERVIEW
    Issuer Bio-Gene Technology Ltd (“Bio-Gene” or the “Company”)
    Offer Type Initial Public Offering (“IPO” or the “Offer”)
    Lead Manager Henslow Pty Ltd (“Henslow” or the “Lead Manager”)
    Offer Closes Friday, 10 November 2017
    Offer Price A$0.20 per share Existing Shares 91,224,471 (pre Offer)
    Offer Size A$7.0 million New Shares 35,000,000
    Market Capitalisation A$25.2 million (post Offer) Shares on Issue 126,224,471 (post Offer)

    INVESTMENT HIGHLIGHTS
    • Unique (new) mode of action identified – new platform chemistry showing effectiveness against insecticide resistant
    pests in a market seeking new products
    • Significant test results to date demonstrating effectiveness of FlavocideTM (platform product) at controlling resistant
    pests including mosquitoes, flies, fleas, ticks and grain pests
    • First global partnership agreement signed with Virbac, a leading global animal health company
    • Key collaboration agreements in place with leading institutions
    • Manufacturing optimisation well underway with CSIRO to produce FlavocideTM at commercial rates and pricing

    COMPANY OVERVIEW
    • Bio-Gene is a novel insecticide company
    • Technology platform based around a class of chemistry known as Beta-Triketones with initial products, FlavocideTM and
    QcideTM shown to be highly effective in insect control management
    • Products potentially suitable for commercialisation into multiple targeted insecticides aimed at addressing the global
    problem of insecticide resistance across multiple market categories
    • Over the next 12 months, continue to form ongoing development partnerships with major AgChem companies

    KEY DIRECTORS AND EXECUTIVE TEAM
    Don Brumley
    Non-Exec. Chairman
    • 25+ years as a senior partner and leader of Ernst & Young – Oceania


    Richard Jagger
    Executive Director &
    CEO - Elect
    • 25+ years working in agriculture, most recently as Managing Director of Sinochem Australia
    • Previously spent 15+ years at Monsanto (Bayer) in various management roles

    Robert Klupacs
    Executive Director
    • 30+ years of corporate experience in international technology development, previously as MD
    & CEO of ASX-listed Circadian Technologies Limited
    • Registered Australian patent attorney

    Douglas Rathbone
    Advisor to the Board
    • 40+ years experience in the agricultural sector, most recently as Managing Director of Nufarm
    Ltd, a position he held for 15+ years
    • Under his leadership, Nufarm Ltd grew to be one of Australia’s most successful agricultural
    companies with global sales >$2.5B

    Roger McPherson
    CFO & Co-Sec
    • 15+ years experience as a CFO across the Pharma, Biotech and Biopharmaceuticals fields
    • Previously, CFO and Co-Sec of TPI Enterprises (ASX:TPI)
 
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