ReNu Energy Announces Extension of Offers under the Prospectus

Source: www.gulfoilandgas.com 4/17/2025, Location: Not categorized

ReNu Energy Limited (ReNu Energy) announced on 25 February 2025 a number of offers pursuant a prospectus (Prospectus) under section 710 of the Corporations Act 2001 (Cth) (Corporations Act), namely:
• The Capital Raising Offer – being the offer of a minimum of 40,000,000 New Shares in ReNu Energy and a maximum of 50,000,000 New Shares in ReNu Energy at an Offer Price of $0.20 per ordinary share to raise a minimum of $8.0 million and up to a maximum of $10.0 million;
• The Ancillary Offers – being the:
o Vendor Offer – offer of New Shares to Target Shareholders and Target Noteholders;
o Advisor, Director & Management Offer – offer of New Shares, Director Options and Advisor Options to the Advisors, Directors and Managers;
o Loan Note Conversion Offer – offer of New Shares and Loan Note Conversion Options to the Existing Loan Noteholders; and
o Cleansing Offer.

The Offers opened on Monday, 12 March 2025.

The closing date for the Offers are being further extended by way of a fourth supplementary prospectus (Fourth Supplementary Prospectus) to 5:00pm (AEST) on Wednesday, 7 May 2025. The extension will allow additional time to finalise the arrangements with several strategic investors under the Capital Raising Offer.

The Fourth Supplementary Prospectus is appended to this ASX Announcement. Unless otherwise indicated, terms defined and used in the Prospectus have the same meaning in the Fourth Supplementary Prospectus.

Accordingly, the "Key Offer Information" as set out on page 5 of the Prospectus has been updated to include the following key dates:

Closing Date of the Offers (except for the Cleansing Offer) 7 May 2025
Allotment and issue of New Shares under the Capital Raising Offer 13 May 2025
Allotment and issue of all other Shares and Options offered under the Prospectus 13 May 2025
Completion of the Proposed Acquisition under the Vendor Offer 13 May 2025
Cleansing Offer Closing Date 14 May 2025
Despatch of Holding Statements 14 May 2025
Reinstatement of the Company to trading on the Official List of the ASX 21 May 2025
Shares (including the New Shares) expected to begin trading on ASX (on a normal settlement basis) 21 May 2025

Details of how to access the Capital Raising Offer are contained in the appended Fourth Supplementary Prospectus.

This announcement was authorised for release to ASX by the Independent Board Committee.


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