The Directors of RPM Automotive Group Limited are pleased to announce that the Share Purchase Plan (“SPP”), which closed on 3 January 2023, was well supported by shareholders.
A total of $685,000 in applications has been accepted by the Directors, resulting in the allotment of 4,151,559 Shares.
As the SPP was underwritten in respect to $1m, an additional $315,000 will be issued to Collins St Value Fund (the underwriter) and the additional issue of 1,909,091 Shares will be allotted.
The Directors acknowledged the support of shareholders who participated in the SPP.
Following the announcement, shares of Rpm Automotive Group (ASX:RPM) were unchanged at $0.16.