FBR Completes Share Purchase Plan Offer
Released
Released
Announcement PDF
ASX Announcement
FBR Limited
Completion of Share Purchase Plan
Friday, 29 November 2024 – Robotic technology company FBR Limited (ASX:FBR; OTCQB:FBRKF) (‘FBR’ or
‘Company’) is pleased to announce that the fully underwritten Share Purchase Plan (“SPP”) launched and
announced on 4 November 2024 to raise $8,000,000 (before costs) has now closed.
The SPP offered eligible shareholders the ability to subscribe for up to $30,000 worth of fully paid ordinary
shares in the Company at 3.8 cents per share, representing a discount of 11.6% to the last closing price prior
to the announcement of the Plan.
At the close of the SPP, FBR had received valid applications from eligible Shareholders totalling $2.34 million.
In accordance with the terms of the SPP, the Underwriter to the SPP, Bell Potter Securities Limited, has been
notified of the shortfall of $5.66 million. Shortfall shares issued to the Underwriter under the SPP will utilise
the Company’s capacity under Listing Rule 7.1 and 7.1A. The Underwriter had the SPP fully sub-underwritten
with large institutional investors who are familiar with the Company. Those institutional sub-underwriters will
receive those Shortfall shares from the Underwriter on the allotment date.
Following completion of the SPP offer, 210,526,316 of new fully paid ordinary shares are expected to be
allotted on Tuesday, 3 December 2024, while holding statements will be despatched to Shareholders on
Wednesday, 4 December 2024. New fully paid ordinary shares issued through the plan will commence trading
on the ASX on Wednesday, 4 December 2024.
This announcement has been authorised for release to the ASX by the FBR Board of Directors.
Ends
For more information please contact:
For investors:
Andrew Edge
Investor Relations Manager
T: +61 8 9380 0240
andrew.edge@fbr.com.au
For media (Australia):
Peter Klinger
Cannings Purple
T: +61 (0)411 251 540
pklinger@canningspurple.com.au
For media (United States):
Rafael Brazon-Di Fatta
Sachs Media
T: +1 850-702-9791
rafael@sachsmedia.com
About FBR Limited
FBR Limited (ASX: FBR; OTCQB: FBRKF) designs, develops and builds dynamically stabilised robots to address
global needs in a safer, more efficient and more sustainable way. These robots are designed to work outdoors
using the company’s core Dynamic Stabilisation Technology® (DST®).
The first application of DST® is the Hadrian X®, a bricklaying robot that builds structural walls faster, safer, more
accurately and with less wastage than traditional manual methods. The Hadrian X® provides Wall as a Service®,
FBR’s unique commercial offering, to builders on demand.
To learn more please visit www.fbr.com.au
FBR Limited (ASX: FBR) | ABN 58 090 000 276
+618 9380 0240 | www.fbr.com.au
122 Sultana Road West, High Wycombe, Western Australia 6057
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