Security Purchase Plan
Perth, Oct 25, 2019 AEST (ABN Newswire) - BPH Energy Limited (
ASX:BPH) intends to offer existing eligible shareholders the opportunity to subscribe for up to a maximum of $30,000 of Shares at the offer price of $0.00140056 per Share to raise up to $600,000 (before costs) under the SPP.
Under the SPP each eligible shareholder of BPH as at 24 October 2019 (Record Date) with a registered address in Australia or New Zealand will be entitled to acquire up to A$30,000 of Shares, subject to any scale back.
BPH reserves the right to reject or scale back applications under the SPP at its absolute discretion if applications exceed $600,000 in aggregate. A SPP offer booklet with further details in respect to the offer under the SPP will be dispatched to eligible shareholders on or around 30 October 2019.
New Shares issued under the SPP will rank equally with existing shares in BPH.
To view the timetable, please visit:
https://abnnewswire.net/lnk/31483114
About BPH Energy Limited
BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.
The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.
BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.
BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).
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