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.

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