Dyesol Ltd. (DYSOY: OTCQX International) | Share Purchase Plan Increased to $4 million The Dyesol Share Purchase Plan (SPP), which closed on May 31, received valid applications for A$22.53 million. This represents oversubscription of approximately 10.5 times (10.5x). In response to this overwhelming demand, Dyesol and Tasnee have agreed to increase the size of the SPP to a total of $4M in order to provide shareholders with a more meaningful result with the monies set aside for investment. Accordingly, applications will be scaled-back on a pro-rata basis and investors will receive approximately 17.8 per cent of the sum sought to be invested at a share price of 16.6 cents per share.
The SPP shares have now been authorised by the board for allotment to 1,960 Dyesol shareholders. Computershare has also been instructed to notify all applicants and refund the balance of application monies as soon as possible. Holding statements will be dispatched to shareholders on Wednesday, 12 June 2013 and it is expected that refund cheques will be dispatched on Monday, 17 June 2013. The Company will lodge an Appendix 3B for quotation of the shares later today.
Applications from foreign domiciled shareholders have been favourably considered when they demonstrate share registration under an Australian or New Zealand address. Additional applications have been rejected where processing indicated ?like holders? or holders having the same or very similar beneficial interest. The terms and conditions of the SPP Offer allow the Company absolute discretion in this regard and Dyesol believes it has exercised its discretion for the benefit of all shareholders in making these decisions.
Dyesol would like to thank Tasnee for agreeing to amend its strategic investment agreement and demonstrating a keen willingness to align itself with all Dyesol shareholders. Further, Dyesol thanks all shareholders for the vote of confidence in the commercialisation prospects of its exciting Dye Solar Cell technology and looks forward to building shareholder wealth together in the coming months.
About Dyesol Limited
Dyesol is a global supplier of Dye Solar Cell (DSC) materials, technology and know-how. DSC is a photovoltaic technology enabling metal, glass and polymeric based products in the building, transport and electronics sectors to generate energy and improve energy efficiency. Dyesol partners with leading multinational companies who possess significant market share and established routes-to-market. The company is listed on the Australian Stock Exchange (DYE), the German Open Market (D5I.F), and is trading on the OTCQX (DYSOY) through its depositary BNY Mellon. Learn more and subscribe to our mailing list: www.dyesol.com
About Dye Solar Cell Technology
DSC technology can best be described as ?artificial photosynthesis? using an electrolyte, a layer of titania (a pigment used in white paints and tooth paste) and ruthenium dye deposited on glass, metal or polymer substrates. Light striking the dye excites electrons which are absorbed by the titania to become an electric current. Compared to conventional silicon based photovoltaic technology, Dyesol?s technology has lower cost and embodied energy in manufacture, it produces electricity more efficiently even in low light conditions and can be directly incorporated into buildings by replacing conventional glass panels or metal sheets rather than taking up roof or extra land area.
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Media & Investor Relations Contacts:
Dyesol Headquarters Angela Geary, Dyesol Brand Manager Tel: +61 (0)2 6299 1592, ageary@dyesol.com
Australia Viv Hardy, Callidus PR Tel: +61(0)2 9283 4113 or +61 (0)411 208 951
Germany & Europe Eva Reuter, DR Reut??er Investor Relations Tel: +49 177 605 8804
The SPP shares have now been authorised by the board for allotment to 1,960 Dyesol shareholders. Computershare has also been instructed to notify all applicants and refund the balance of application monies as soon as possible. Holding statements will be dispatched to shareholders on Wednesday, 12 June 2013 and it is expected that refund cheques will be dispatched on Monday, 17 June 2013. The Company will lodge an Appendix 3B for quotation of the shares later today.
Applications from foreign domiciled shareholders have been favourably considered when they demonstrate share registration under an Australian or New Zealand address. Additional applications have been rejected where processing indicated ?like holders? or holders having the same or very similar beneficial interest. The terms and conditions of the SPP Offer allow the Company absolute discretion in this regard and Dyesol believes it has exercised its discretion for the benefit of all shareholders in making these decisions.
Dyesol would like to thank Tasnee for agreeing to amend its strategic investment agreement and demonstrating a keen willingness to align itself with all Dyesol shareholders. Further, Dyesol thanks all shareholders for the vote of confidence in the commercialisation prospects of its exciting Dye Solar Cell technology and looks forward to building shareholder wealth together in the coming months.
About Dyesol Limited
Dyesol is a global supplier of Dye Solar Cell (DSC) materials, technology and know-how. DSC is a photovoltaic technology enabling metal, glass and polymeric based products in the building, transport and electronics sectors to generate energy and improve energy efficiency. Dyesol partners with leading multinational companies who possess significant market share and established routes-to-market. The company is listed on the Australian Stock Exchange (DYE), the German Open Market (D5I.F), and is trading on the OTCQX (DYSOY) through its depositary BNY Mellon. Learn more and subscribe to our mailing list: www.dyesol.com
About Dye Solar Cell Technology
DSC technology can best be described as ?artificial photosynthesis? using an electrolyte, a layer of titania (a pigment used in white paints and tooth paste) and ruthenium dye deposited on glass, metal or polymer substrates. Light striking the dye excites electrons which are absorbed by the titania to become an electric current. Compared to conventional silicon based photovoltaic technology, Dyesol?s technology has lower cost and embodied energy in manufacture, it produces electricity more efficiently even in low light conditions and can be directly incorporated into buildings by replacing conventional glass panels or metal sheets rather than taking up roof or extra land area.
- Ends -
Media & Investor Relations Contacts:
Dyesol Headquarters Angela Geary, Dyesol Brand Manager Tel: +61 (0)2 6299 1592, ageary@dyesol.com
Australia Viv Hardy, Callidus PR Tel: +61(0)2 9283 4113 or +61 (0)411 208 951
Germany & Europe Eva Reuter, DR Reut??er Investor Relations Tel: +49 177 605 8804
