Non-renounceable pro rata entitlement offer
On Friday, 14 July 2023, we announced a non-renounceable pro rata offer of one fully paid ordinary share in our company for every two shares held by shareholders, with one free attaching option.
This offer for shareholders to extend their investment in our company opened on Monday, 24 July and will be open until Monday, 14 August 2023.
It’s an important opportunity to help accelerate commercialisation of 1414 Degrees innovative thermal energy storage technology.
We appreciate and thank our shareholders for their investment in our company and invite you to learn more about this new offer.
To ensure eligible shareholders have essential information, this page summarises the offer and outlines communications you can expect to receive over the course of the offer period.
Communications shareholders can expect
Monday, 24 July Email to Shareholders
On Monday, 24 July 2023 (the day the offer opened) you should have received an email explaining the offer, titled ‘Non-renounceable pro rata entitlement offer’. That email provides links to enable you to participate in the offer and would indicate the sender is “1414 Degrees Ltd”, having been sent via firstname.lastname@example.org (check your spam/junk folder if you can’t find it in your inbox).
This bespoke email to each eligible shareholder contains a personalised link, that enables you to skip verification steps, and participate in the offer.
It also provides a link to the Prospectus document, details of your Entitlement (including how to pay by BPay) if you would like to participate in this offer. You should read the entire Prospectus carefully before deciding whether to invest in new shares. Click here to view the Prospectus now.
Phone call from Peloton Shareholder Services, a financial services firm that provides shareholder advocacy
Peloton Shareholder Services (who have been engaged to support us with this offer) will be phoning eligible shareholders to discuss the offer with them.
This conversation will be tailored to your unique circumstances and the size of your current investment, to help you understand the relevance of this opportunity to your own investment decision.
Keep in mind all conversations with Peloton Shareholder Services is NOT personal advice.
If you need more information
If you have any questions in relation to this offer, please call the Information Line on:
1300 850 505 (within Australia)
+61 3 9415 4000 (outside of Australia)
Monday to Friday,
8:30am to 5:00pm
If you are an eligible shareholder and did not receive the email on 24 July 2023
Click the following link and follow the instructions: https://14dentitlementoffer.computersharecas.com.au/offer/
*Make sure you have your SRN/HIN handy. Your HIN or SRN can be found on your holding statement and other security holder communications.
On Friday, 14 July 2023, 1414 Degrees Limited announced a non-renounceable pro rata offer of one fully paid ordinary share in the Company (New Share) for every two Shares held by Shareholders registered at 7.00pm (AEST) on Wednesday, 19 July 2023, (Record Date) at an offer price of $0.045 per New Share, with one free attaching Option exercisable at $0.10 each on or before the day that is 24 months after the date of issue (New Option) for each New Share applied for and issued under the Entitlement Offer.
1414 Degrees is also offering eligible shareholders who take up their entitlements under the Entitlement Offer in full the opportunity to apply for additional New Shares (with free attaching New Options on the same basis as the Entitlement Offer) in excess of their entitlements pursuant to a top up facility (subject to applicable laws and the terms and conditions set out in the Prospectus dated 14 July 2023 (Prospectus)). The top up facility has been included to provide maximum opportunity for existing 1414 Degrees shareholders to apply for further Shares (and free attaching New Options) in the Company.