Altech Extension to Share Purchase Plan Closing Date
Altech Chemicals Limited, an Australian company focused on advancing its high-purity alumina (HPA) project in Malaysia, has announced an extension to the closing date of its share purchase plan (SPP). The SPP was initially set to close on October 25, 2021, but has now been extended to November 19, 2021. This decision was made in response to shareholder feedback and to give existing and eligible shareholders more time to participate in the SPP.
The share purchase plan allows eligible shareholders to purchase up to AUD 30,000 worth of shares at a discounted price of AUD 0.15 per share. This offers shareholders the opportunity to increase their investment in Altech and support the company’s growth strategy as it progresses with the development of its HPA project.
Altech Chemicals has been actively working on advancing its HPA project, which involves constructing a high-purity alumina plant in Malaysia. High-purity alumina is a critical material used in various high-tech applications, including LED lights, lithium-ion batteries, and smart devices. By developing its HPA project, Altech aims to position itself as a leading supplier of HPA to meet the growing demand for this specialty material.
With the extension of the SPP closing date, Altech Chemicals is providing its shareholders with an extended opportunity to participate in the company’s growth and contribute to the future success of the HPA project. This move also demonstrates the company’s commitment to fostering strong relationships with its existing shareholders and creating value for all stakeholders.
In conclusion, the extension of the share purchase plan closing date by Altech Chemicals Limited reflects the company’s dedication to engaging with shareholders and providing them with opportunities to support its growth initiatives. By offering eligible shareholders the chance to purchase discounted shares, Altech is giving investors a chance to be part of its exciting journey towards becoming a leading supplier of high-purity alumina. As the company continues to make progress with its HPA project, shareholders can look forward to being part of a promising and innovative venture in the specialty materials industry.