Rights Issue Shortfall
A total of 407,500,028 shares were offered to eligible shareholders under the Offer at an issue price of $0.005 per share to raise approximately $2.037M before costs.
Acceptances to entitlement of 96,310,057 shares were received, along with applications for 3,128,122 additional shares to raise a total of $497,190.
The shortfall of 308,061,849 shares will be dealt with in accordance with the procedures set out in the Offer Document.
About Chapmans Limited
Chapmans Limited (ASX:CHP) is an ASX-listed diversified investment company engaged in special situation investments across a diverse range of industries, with a focus and expertise in the mobile and advanced industrial technology sectors. The Company seeks to be an active strategic investor in high growth areas of the market and to identify and work with emerging high growth companies. Chapmans' investment philosophy and approach are based on a unique mix of high conviction and special situation features, characterised by advisory and equity investments structured around specific events and assets for both public and large private corporates.
The Company made its first strategic investment into blockchain in 2017 and established the Blockchain Industry Advisory Board to identify and assess compelling blockchain investment opportunities. Chapmans' investment in blockchain technology aligns with its growth plans and commitment to investing in early stage technologies with reach into key international markets.
To learn more please visit: http://www.chapmansltd.com