1414 Degrees wishes to advise that the closing date for its Share Purchase Plan (SPP) has been extended to 5pm (ACST) Monday 12 October 2020.
The Company has received a number of enquiries from shareholders interested in participating in the SPP who have not yet received their SPP Offer Document or have experienced delays in the receipt of their SPP Offer Document. The board has resolved to extend the closing date from today, Wednesday 30 September 2020 to allow all eligible shareholders the opportunity to participate.
The SPP is seeking to raise approximately $3.0 million to accelerate development on its Aurora Solar Energy Project in Port Augusta, South Australia after modelling of a hybrid renewable energy plant showed encouraging revenue potential. Funds raised will also be put towards further development of 14D’s technology to allow integration into the Aurora project.
Further details are outlined in the Offer Document which was released on 10 September 2020, and which should be read in full before determining whether to take up your entitlement under the SPP.
More information, including relevant announcements, is available at www.1414degrees.com.au/spp
Revised dates for the SPP Offer:
| Event | Date * |
| Closing Date for SPP Offer | Monday, 12 October 2020 |
| Issue of new Shares under the SPP Offer | Wednesday, 21 October 2020 |
| Quotation of new Shares on ASX | Thursday, 22 October 2020 |
*These dates are indicative only. The Company may vary the dates and times of the SPP Offer without notice by lodging a revised notice with ASX. Eligible shareholders are encouraged to submit their applications early as the Directors reserve the right to close the SPP Offer early if oversubscribed.
Applications and payment must now be received by 5pm (ACST) on Monday 12 October 2020.