Share Purchase Plan

Share Purchase Plan

Environmental Clean Technologies (ECT or Company) is pleased to advise that it has today despatched a share purchase plan (SPP) offer booklet to eligible shareholders under the capital raising announced by the Company on 7 April 2021 (Capital Raising).

SHARE PURCHASE PLAN

The SPP is to raise up to $2 million through the issue of up to 1,250,000,000 Shares at an issue price of $0.0016 per Share (SPP). The SPP booklet has been despatched today, and the SPP opens today. Full details on how to apply for shares under the SPP are contained in the SPP booklet. An indicative timetable for the SPP is as follows:

EventDate
Record Date for determining Eligible ShareholdersTuesday, 6 April 2021
Opening Date – Applications openMonday, 24 May 2021
Closing Date – Applications and payment must be received by this dateFriday, 4 June 2021
SPP results announcedWednesday, 9 June 2021
Issue and Allotment Date – SPP Shares issued and allottedTuesday, 15 June 2021
Despatch Date – Holding statements despatched to ShareholdersWednesday, 16 June 2021
SPP Shares commence trading on ASXWednesday, 16 June 2021

This timetable is indicative only and is subject to change. ECT may alter the dates above, withdraw or vary the SPP, or accept applications received after the Closing Date, in each case in ECT’s absolute discretion, subject to the ASX Listing Rules and the Corporations Act.

If you are an eligible shareholder and wish to participate in the SPP, you can apply by using the BPAY® information provided on your personalised Application Form, or by completing your personalised Application Form and returning it with an accompanying cheque. The SPP Offer Document, which includes a personalised Application Form, will be made available to eligible shareholders by the following methods:

  • Shareholders who have previously registered to receive Company correspondence electronically should receive an email later this afternoon with links to retrieve the documents electronically.
  • All Shareholders can log in to Automic Registry Services and retrieve their personalised documentation.
  • Hardcopy documents will be sent by post on Monday, 24 May 2021, to all eligible shareholders who have not previously registered to receive company correspondence electronically.

This announcement has been approved and authorised to be given to the ASX by the Board of ECT.

For further information, contact:

Glenn Fozard – Chairman           [email protected]

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