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    RNE   AU000000RNE2

RENU ENERGY LIMITED

(RNE)
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ReNu Energy Shareholder Share Purchase Plan Due To Close Soon

01/21/2022 | 09:36am EDT

ReNu Energy Limited (ASX: RNE) reminds Eligible Shareholders that the closing date for applications for the ReNu Energy Shareholder Share Purchase Plan (SPP) is 5pm (AEDT) on Friday 28 January 2022.

How to Apply

Eligible Shareholders who wish to apply can download their personalised application at: https://events.miraqle.com/rne-spp

Eligible Shareholders wishing to participate in the SPP can either: Pay online using BPAY (please allow sufficient time for funds to clear if paying by BPAY). If you make your payment using BPAY, you do not need to return your application form.

OR complete, sign and return your application form with payment so that it reaches us by the closing date.

Shareholders who have already participated in the offer, but who have not taken up the full $30,000 are able to apply for additional shares by making an additional application using the same payment options. Total applications may not exceed $30,000 from any one Shareholder.

Applications close at 5.00pm (AEDT) on Friday 28 January 2022.

Before applying, please read the Prospectus for the SPP, which was released to ASX on 24 December 2021. There is also a link to the Prospectus on the ReNu Energy website at: https://renuenergy.com.au/investor-centre/

Shareholder Share Purchase Plan

ReNu Energy recently announced a SPP, through which Eligible Shareholders can apply for up to $30,000 worth of shares. The new shares will be issued at 9 cents per share. Subscribers will also receive 1 free ASX listed attaching option (ASX: RNEO) for every 4 shares subscribed for, with an exercise price of 7 cents per share and an expiry date of 31 December 2023

The offer provides Eligible Shareholders an opportunity to invest on the same terms as the oversubscribed private placement to professional and sophisticated investors that completed on 9 December 2021. Funds raised from the SPP offer will be used to advance ReNu Energy's pipeline of green hydrogen projects on completing the acquisition of Countrywide Renewable Hydrogen Limited (CRH) and progress the Company's other renewable and clean energy investments. The acquisition of CRH is subject to shareholder approval at the EGM on 1 February 2022 and if approved it will provide ReNu Energy access to the growing green hydrogen industry through three Australian onshore green hydrogen projects that are under development with state governments and large partners, and a pipeline of early-stage opportunities in Canada and the USA

Contact:

Greg Watson

Tel: 61 7 3721 7500

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 - - -
Net income 2021 -1,00 M -0,70 M -0,70 M
Net cash 2021 2,35 M 1,65 M 1,65 M
P/E ratio 2021 -6,37x
Yield 2021 -
Capitalization 15,2 M 10,7 M 10,7 M
EV / Sales 2020 -3,25x
EV / Sales 2021 -
Nbr of Employees -
Free-Float 28,2%
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Managers and Directors
Greg Watson Chief Executive Officer & Secretary
Boyd White Non-Executive Chairman
Tim Scholefield Executive Director
Susan Mary Oliver Non-Executive Director
Geoffrey Drucker Executive Director
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