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Strategic Elements Limited (ASX:SOR)

ALERT: Price-sensitive ASX Announcement for SOR
Current share price for SOR : $0.033 -0.003 (-8.33%)+
Announcement
Release
20 May 2026 9:41AM
Price at Release
$0.036
Full Release
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Summary
Strategic Elements Ltd is offering a restricted Share Purchase Plan (SPP) to its eligible shareholders, allowing them to subscribe for up to $30,000 of new shares at an issue price of $0.035 per share. This plan aims to raise $1,000,000, with the possibility to accept oversubscriptions up to $2,500,000. The funds will primarily support the company's innovative projects like Energy Ink™ and Stealth Technologies. The offer is open in Australia and New Zealand, and shareholders participating in the SPP can also apply for New Options. The offer provides no brokerage or additional transaction costs, and directors of the company intend to partake in the plan.
Key Points
  • Strategic Elements Ltd is offering a Share Purchase Plan (SPP) for eligible shareholders.
  • The SPP allows shareholders to purchase up to $30,000 of new shares at $0.035 each.
  • The total amount intended to be raised from the SPP is $1,000,000, with the potential to increase to $2,500,000.
  • Funds raised will be used for projects including Energy Ink™, Stealth Technologies, and new Australian innovation ventures.
  • Applications for the SPP will be processed on a first-received basis with possible scale-backs.
  • Participants in the SPP can also apply for New Options attached to each new share purchased.
  • The directors of Strategic Elements Ltd intend to participate in the SPP.
  • The SPP does not include any brokerage or transaction fees for participating shareholders.
  • Eligible shareholders include those with registered addresses in Australia or New Zealand.
  • The offer includes conditions for participation, including a maximum of $30,000 investment per shareholder.
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.