Regeneus Ltd Stock Market Press Releases and Company Profile
Share Purchase Plan Closes Oversubscribed
Share Purchase Plan Closes Oversubscribed

Sydney, Sep 9, 2014 AEST (ABN Newswire) - Regeneus Ltd (googlechartASX:RGS) is pleased to announce that it has successfully achieved its target of raising A$3m through its Share Purchase Plan (SPP or the Plan) offered to shareholders. This now completes the second part of the company's A$6m raising announced to the market on 8 August 2014.

The SPP closed oversubscribed by 10% and the Directors have resolved to accept the oversubscriptions in recognition of the strong show of support by shareholders. Regeneus Chairman John Martin, said, "we have been very encouraged by our shareholders response to the SPP. This follows on from the support shown by institutions and sophisticated investors in the recent placement".

On 15 August 2104, the company announced that it had successfully completed a A$3m private placement with institutional and sophisticated investors.

Under the SPP, shareholders were invited to subscribe for up to $15,000 of new Regeneus ordinary shares at an issue price of $0.26c. The company will allot the new shares on Thursday 11 September 2014 and these shares will commence trading on ASX on Friday 12 September 2014.

The funds raised together with the R&D tax rebate for FY14 of $3.7m and sales revenues means the company has sufficient funds to accelerate the product development initiatives outlined in the announcement of 8 August.


About Regeneus Ltd

Regeneus Ltd ASX:RGSRegeneus Ltd (ASX:RGS) is a Sydney-based clinical-stage regenerative medicine company using stem cell technologies to develop a portfolio of novel cell-based therapies. The regenerative therapies seek to address unmet medical needs in human health markets, focusing on neuropathic pain, including osteoarthritis and various skin conditions, with its platform technologies Progenza(TM) and Sygenus. Visit www.regeneus.com.au for more information.

https://plus.google.com/108721050557390681250 https://twitter.com/Regeneus https://www.facebook.com/pages/Regeneus/110433905646491 https://www.youtube.com/user/Regeneus http://www.linkedin.com/company/regeneus-ltd?trk=top_nav_home abnnewswire.com 


Contact

Sandra McIntosh
Company Secretary
Regeneus Ltd
T: +61 2 9499 8010
E: investors@regeneus.com.au
www.regeneus.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 8) (Last 30 Days: 31) (Since Published: 3578)