Completion of Retail Shortfall Bookbuild
Released
Released
Announcement PDF
TITOMIC LIMITED
(ASX: TTT)
Wednesday, 19 July 2023
Completion of Retail Shortfall Bookbuild
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, today advises that it has completed the retail shortfall bookbuild component (Retail
Shortfall Bookbuild) of the fully underwritten pro rata accelerated renounceable entitlement offer to
existing eligible shareholders (Entitlement Offer) as announced to ASX on 26 June 2023.
As announced on 18 July 2023, the retail component of the Entitlement Offer (Retail Entitlement Offer)
raised approximately $2.82 million with eligible retail shareholders subscribing for approximately 282
million new fully paid ordinary shares in the Company (New Shares) at the offer price of $0.01 per New
Share (Offer Price).
Results of Retail Shortfall Bookbuild
Approximately 267 million New Shares not taken up by eligible shareholders and the entitlements of
ineligible foreign shareholders (if applicable) under the Entitlement Offer were offered for sale on behalf of
those shareholders in the Retail Shortfall Bookbuild which was conducted yesterday.
The bookbuild cleared a price of $0.01 per New Share (Retail Shortfall Bookbuild Price). As the Retail
Shortfall Bookbuild Price did not exceed the Offer Price, no retail premium will be paid to those
shareholders.
Any remaining New Shares under the Entitlement Offer which have not been subscribed will form part of
the shortfall to be placed by underwriter, Gleneagle Securities (Aust) Pty Ltd.
Subject to settlement of funds, the New Shares subscribed for under the Retail Entitlement Offer (including
under the Retail Shortfall Bookbuild) are expected to be issued on Monday, 24 July 2023, with normal
trading expected to commence on Tuesday, 25 July 2023.
This announcement has been authorised for release by the Board of Titomic Limited.
-ENDS-
Titomic Limited Ground floor, 365 Ferntree Gully Road
Mount Waverley, Victoria 3149, Australia
info@titomic.com | titomic.com
ABN 77 602 793 644
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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
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
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