Settlement of Institutional Entitlement Offer
Released
Released
Announcement PDF
TITOMIC LIMITED
(ASX: TTT)
11 July 2023
Settlement of Institutional Entitlement Offer
MELBOURNE – Titomic Limited (ASX:TTT, Titomic or the Company), a company dedicated to bringing
together new and novel materials, cold spray systems, software, robotics and automated metals
manufacturing, refers to its announcement titled "Settlement of Institutional Entitlement Offer" which was
lodged with ASX on 29 June 2023 (Announcement).
As noted in the Announcement, the Company expected funds under the Institutional Entitlement Offer to
be received on or around Friday, 7 July 2023. Subject to settlement of funds, new shares under the
Institutional Entitlement Offer were expected to be issued on Monday, 10 July 2023.
The Company today advises that the sole participant under the Institutional Entitlement Offer has failed to
settle funds in accordance with the offer timetable. Accordingly, the relevant new shares will not be issued
under the Institutional Entitlement Offer and will instead form part of the shortfall to be placed by the
underwriter, Gleneagle Securities (Aust) Pty Ltd.
The Company will provide a further update in relation to the results of the Entitlement Offer in due course.
This announcement has been authorised for release by the Board of Titomic Limited.
- ENDS -
INVESTOR CONTACT
Chris Healy
Titomic
P: +61 429 988 083
E: chris.healy@titomic.com
MEDIA ENQUIRIES
Ben Andrews
Titomic
P: +61 438 759 620
E: ben.andrews@titomic.com
Titomic Limited Ground floor, 365 Ferntree Gully Road
Mount Waverley, Victoria 3149, Australia
info@titomic.com | titomic.com
ABN 77 602 793 644
1
ABOUT TITOMIC LIMITED
Titomic Limited (ASX: TTT) is an Australian public company specialising in large integrated solutions for industrial-scale metal additive
manufacturing, using its patented cold spray additive manufacturing (Cold Spray AM) technology. Titomic provides Cold Spray AM
solutions, OEM production and R&D services to the global Aerospace, Defence, Shipbuilding, Oil & Gas, Mining and Automotive
industries. Titomic also offers global sales and support for all of its Cold Spray AM activities from its Melbourne Head Office, as well as
through local presence in the USA and Europe. Titomic delivers competitive advantages in metal additive manufacturing at every stage
in the product value chain. For more information, please visit www.titomic.com.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking statements and are based on Titomic’s current expectations, estimates
and projections. Words such as “anticipates”, “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar
expressions are intended to identify forward-looking statements. Although Titomic believes the forward-looking statements are based
on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Titomic’s control, including
those risks or uncertainties inherent in the process of both developing and commercialising technology. As a result, actual results
could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made
in this release relate only to events as of the date on which the statements are made.
Titomic Limited Ground floor, 365 Ferntree Gully Road
Mount Waverley, Victoria 3149, Australia
info@titomic.com | titomic.com
ABN 77 602 793 644
2
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