Extension of Share Purchase Plan
Extension of Share Purchase Plan
Brisbane, July 14, 2017 AEST (ABN Newswire) - Oventus Medical Limited (ASX:OVN) (Oventus) announced a share purchase plan (SPP) to the market on 22 June 2017. Oventus wishes to advise that the closing date for the SPP will be extended from Wednesday 19 July 2017 to Monday 31 July 2017.

Oventus is receiving increased enquiries regarding the SPP and the Board has decided to extend the SPP closing date given the relatively short period before the SPP closes under the original timetable. This extension will allow eligible shareholders additional time to consider submitting their SPP applications.

Under the SPP eligible shareholders are able to subscribe for up to $15,000 worth of ordinary shares in Oventus at an issue price of $0.36 per share without brokerage fees.

An updated SPP timetable is as follows:

SPP Record Date (at 7:00 p.m. Brisbane time): Wednesday 21 June 2017

SPP Closing Date (at 5:00 p.m. Brisbane time): Monday 31 July 2017

Date of the issue of the securities under the SPP: Monday 7 August 2017

ASX quotation of the securities under the SPP: Tuesday 8 August 2017


About Oventus Medical Ltd

Oventus Medical Ltd (ASX:OVN) is a Brisbane based medical device company that is commercialising a unique treatment platform for the treatment of sleep apnoea and snoring. Unlike other oral appliances or CPAP interfaces, the Oventus devices have a unique and patented airway within the treatment platform that allows air to flow to the back of the mouth unobstructed while maintaining an oral seal and stable jaw position, bypassing multiple obstructions from the nose, soft palate and tongue, reducing airway collapsibility and managing mouth breathing while maintain a stable airway with or without nasal CPAP. They are particularly designed for the many people that have nasal obstructions and consequently tend to mainly breathe through their mouth. While it may seem counterintuitive, this technology actually manages mouth breathing by converting it to device breathing and normalising ventilation. The O2VentTM is designed to allow nasal breathing when the nose is unobstructed, but when obstruction is present, breathing is supplemented via the airways in the appliance.

For more information on Oventus' Sleep Treatment Platform, please visit http://www.oventus.com

      


Contact

Dr Mel Bridges
Chairman
M: +61-41-3051-600



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