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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Blue Energy Limited    BLU   AU0000044364

BLUE ENERGY LIMITED

(BLU)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 11/23
0.054 AUD   0.00%
11/12BLUE ENERGY : Final Director's Interest notice
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11/10BLUE ENERGY : Results of AGM
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11/10BLUE ENERGY : Resignation of Director
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Blue Energy : SPP closes

07/12/2019 | 03:25am EST

12 July 2019

ASX Announcement

Blue Energy Share Purchase Plan Closes

Blue Energy Limited (ASX:BLU) wishes to advise that its Share Purchase Plan launched on 17 June 2019 (Offer) following the successful completion of the oversubscribed Placement to institutions and sophisticated investors raising $4.2 million, has now closed. Applications closed at 5pm (AEST) on Wednesday, 10 July 2019.

The Offer received strong support with $1,420,000 (before costs) in applications for new shares at $0.045, having been received which will equate to the issue of 31,555,465 Blue Energy ordinary fully paid shares (New Shares).

The Offer was made to eligible Blue Energy shareholders on the Company's register as at 12 June 2019, to acquire up to $15,000 worth of new Blue Energy shares at the same price as the $4.2 million Placement to institutional and sophisticated investors, that was announced on 13 June 2019.

The Company has resolved not to scale back any of the eligible shareholders who have participated.

The Company's Managing Director, John Phillips said "the SPP and Placement that preceded it were well supported with the total raising of $5.6 million putting the company in a strong financial position to pursue the commercialisation of our Bowen Basin gas assets and progress our large position in the emerging Northern Territory shale play."

In accordance with the previously announced timetable the issue and quotation date for New Shares subscribed for under the SPP will be on Monday, 15 July 2019, with the dispatch of holding statements by no later than Thursday, 18 July 2019.

If you have any questions in relation to the SPP, please contact the Company Secretary by telephone on +61 3270 8800 or by email at info@blueenergy.com.au.

Contact: + 61 7 3270 8800

John Phillips

Managing Director

Blue Energy Limited

1

Disclaimer

Blue Energy Limited published this content on 12 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2019 07:24:00 UTC


© Publicnow 2019
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Financials
Sales 2020 - - -
Net income 2020 -5,06 M -3,70 M -3,70 M
Net cash 2020 4,27 M 3,12 M 3,12 M
P/E ratio 2020 -9,96x
Yield 2020 -
Capitalization 71,8 M 52,2 M 52,5 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 63,3%
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 1
Average target price 0,16 AUD
Last Close Price 0,05 AUD
Spread / Highest target 196%
Spread / Average Target 196%
Spread / Lowest Target 196%
Managers
NameTitle
John M. Phillips Managing Director & Executive Director
John Charles Ellice-Flint Executive Chairman
Rodney Cameron Non-Executive Director
Stephen Rodgers Secretary & General Counsel
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