Issue of Shortfall
Sydney, Nov 17, 2017 AEST (ABN Newswire) - Chapmans Limited (
ASX:CHP) (Company) is pleased to advise the issue of 200,000,000 shares today representing part of the shortfall of the non-renounceable one (1) for two (2) rights issue of fully paid ordinary shares in the Company, made pursuant to the offer dated 3 October 2017 (Offer).
The Company has received commitments from new institutional and high net wealth investors for the balance of the shortfall (being 108,061,849 shares) which are expected to be issued by 30 November 2017.
About Chapmans Limited
Chapmans Limited (ASX:CHP) is an ASX-listed diversified investment company engaged in special situation investments across a diverse range of industries, with a focus and expertise in the mobile and advanced industrial technology sectors. The Company seeks to be an active strategic investor in high growth areas of the market and to identify and work with emerging high growth companies. Chapmans' investment philosophy and approach are based on a unique mix of high conviction and special situation features, characterised by advisory and equity investments structured around specific events and assets for both public and large private corporates.
The Company made its first strategic investment into blockchain in 2017 and established the Blockchain Industry Advisory Board to identify and assess compelling blockchain investment opportunities. Chapmans' investment in blockchain technology aligns with its growth plans and commitment to investing in early stage technologies with reach into key international markets.
To learn more please visit: https://www.chapmansltd.com
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