Market Release – 11 June 2013 : Dyesol Share Purchase Plan Increased to $4 million Dyesol Ltd: Global Leaders in Dye Solar Cell Technology Page 1 of 1 DYESOL LTD | ASX: DYE OTCQX: DYSOY | FWB: D5I Dyesol Share Purchase Plan Increased to $4 million Queanbeyan, Australia, 11 June 2013 – The Dyesol Share Purchase Plan (SPP), which closed on May 31, received valid applications for A$22.53 million. This represents oversubscription of approximately 10.5 times (10.5x). In response to this overwhelming demand, Dyesol and Tasnee have agreed to increase the size of the SPP to a total of $4M in order to provide shareholders with a more meaningful result with the monies set aside for investment. Accordingly, applications will be scaled back on a pro-rata basis and investors will receive approximately 17.8 per cent of the sum sought to be invested at a share price of 16.6 cents per share. The SPP shares have now been authorised by the board for allotment to a total of 1,960 Dyesol shareholders. The Company’s share registry, Computershare, has also been instructed to notify all applicants and refund the balance of application monies as soon as possible. Holding statements will be dispatched to shareholders on Wednesday, 12 June 2013 and it is expected that refund cheques will be dispatched on Monday, 17 June 2013. The Company will lodge an Appendix 3B for quotation of the shares later today. Applications from foreign domiciled shareholders have been favourably considered when they demonstrate share registration under an Australian or New Zealand address. Additional applications have been rejected where processing indicated “like holders” or holders having the same or very similar beneficial interest. The terms and conditions of the SPP Offer allow the Company absolute discretion in this regard and Dyesol believes it has exercised its discretion for the benefit of all shareholders in making these decisions. Dyesol would like to thank Tasnee for agreeing to amend its strategic investment agreement and demonstrating a keen willingness to align itself with all Dyesol shareholders. Further, Dyesol thanks all shareholders for the vote of confidence in the commercialisation prospects of its exciting Dye Solar Cell technology and looks forward to building shareholder wealth together in the coming months
GSL Price at posting:
49.0¢ Sentiment: LT Buy Disclosure: Held