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Energy Technologies Limited (ASX:EGY)

ALERT: Price-sensitive ASX Announcement for EGY
Current share price for EGY : $0.020 -0.005 (-20%)+
Announcement
Release
8 May 2026 9:24AM
Price at Release
$0.025
Full Release
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Summary
Energy Technologies Limited announced a capital raising through a placement of 98,246,500 fully paid ordinary shares at $0.02 each, aiming to raise $1.96 million. This placement was priced at a 20% discount to the previous closing price and was made without requiring shareholder approval under ASX Listing Rules 7.1 and 7.1A. The funds are intended for capital restructuring and reducing the company's reliance on debt. The settlement of the placement is expected on 12 May 2026, and the total number of shares will increase to 598,199,059. The placement received strong backing from current and new sophisticated investors.
Key Points
  • Firm commitments received to raise $1.96 million via a placement at $0.02 per share
  • Placement represents a 20% discount to the last closing price
  • Funds to be used for capital restructuring and reducing debt reliance
  • Issue of 98,246,500 fully paid ordinary shares
  • Settlement expected on 12 May 2026
  • Placement conducted under ASX Listing Rule 7.1 and 7.1A
  • Total shares on issue after placement will be 598,199,059
  • Support from existing shareholders and institutional investors
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.