Silex prices SPP at $5.08 per share

Technology company Silex Systems (ASX:SLX) has priced its SPP at $5.08, based on the weighted average of its trading price

Technology company Silex Systems (ASX:SLX) has priced a share purchase plan at $5.08 per share.

Silex has divisions operating in USB data acquisition and testing, laser isotope separation, solar panel manufacturing and solar power station deployment.

The company said the SPP price is a 10 per cent discount to its weighted average share price from 10 January to 21 January.

The weighted average figure took effect because it is lower than the $5.40 per share price at which the company recently conducted an $89.1 million placement.

The company launched the SPP on 20 December, and it will run until 28January – a deadline which had been extended by one week due to the disruptions caused by the Queensland and Victoria floods.

Shareholders will each have the chance to purchase up to $15,000 worth of new shares.

SLX shares today grew 0.74 per cent to $5.450.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Silex Systemsmarket shares

Show Comments