ClearVue Share Purchase Plan closes oversubscribed
Released
Released
Announcement PDF
ASX Announcement
21 March 2024
ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED
(ASX:CPV | OTC:CVUEF)
ClearVue Share Purchase Plan closes oversubscribed
HIGHLIGHTS
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SPP well supported by existing shareholders raising in excess of the $2 million target
Funds raised via SPP and Placement strengthens treasury with a combined total over $6 million
In conjunction with funds raised via the Placement, ClearVue is now funded to complete and
finalise testing and certification of its Generation 2 products leading into anticipated early sales
expected during the second half of the year.
21 March 2024: Smart building materials company ClearVue Technologies Limited (ASX:CPV OTC:
CVUEF) (ClearVue or the Company) has successfully closed its Share Purchase Plan (SPP) announced
to ASX on 1 March 2024.
Strongly supported by eligible shareholders, the SPP was oversubscribed beyond the $2 million the
Company initially sought to raise. Valid applications were received totaling $2,139,000 at the issue
price of $0.50 per share together with a 1-for-3 free attaching option (the options have an exercise
price of $0.75 and expire two years from the date of issue). ClearVue’s Board has exercised its absolute
discretion under the terms of the SPP to accept the oversubscriptions.
The Company also confirms director participation in the SPP to the amount of $40,000, representing
applications for 80,000 shares at $0.50 per share with 26,666 free attaching options. The Company
will be seeking shareholder approval to issue the 26,666 options at an upcoming General Meeting
(date to be determined). As indicated in prior announcements, the Company will be seeking
shareholder approval for the issue of 200,000 tranche two placement shares to director, Charles
Mowrey at the same meeting.
As an overall result of the SPP, the Company will issue 4,278,000 shares and 1,425,929 options. The
issue of the shares and options (less the total of 26,666 options to be issued to directors which are
subject to shareholder approval) is expected to take place on Tuesday, 26 March 2024.
Commenting on the outcome of the SPP, Martin Deil, Global CEO of ClearVue, said:
“We are extremely pleased with the response to the capital raising and sincerely appreciate the
support from existing and new shareholders. We were also pleased to see demand for the placement
significantly exceed the size of the offer. This ensures we are well capitalised to capture the global
opportunity and demand for our unique solar glazing technology.”
The Company wishes to thank shareholders for their continued support.
Authorised by the Chairman of ClearVue Technologies Limited.
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ASX Release | 21 March 2024
FOR FURTHER INFORMATION, PLEASE CONTACT:
ClearVue Technologies Ltd
Anna Abrossimova
Head of Marketing
anna@clearvuepv.com
Investors
Media
Adrian Mulcahy
Tristan Everett
adrian.mulcahy@automicgroup.com.au tristan.everett@automicgroup.com.au
+61 (0) 438 630 422
+61 (0) 403 789 096
+61 (0) 401 398 088
ABOUT CLEARVUE TECHNOLOGIES LIMITED
ClearVue Technologies Limited (ASX: CPV) is an Australian technology company that operates in the
Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into
building surfaces, specifically glass and building façades, to provide renewable energy. ClearVue has
developed advanced glass technology that aims to preserve glass transparency to maintain building
aesthetics whilst generating electricity.
ClearVue’s electricity-generating glazing technology is strategically positioned to complement and
make more compelling, the increased use of energy-efficient windows now being regulated in
response to global climate change and energy efficiency goals.
Solar PV cells are incorporated around the edges of an Insulated Glass Unit (IGU) used in windows and
the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary
nano and micro particles, as well as its spectrally selective coating on the rear external surface of the
IGU.
ClearVue’s window technology has application for use in the building and construction and agricultural
industries (among others). ClearVue has worked closely with leading experts from the Electron Science
Research Institute, Edith Cowan University in Perth, Western Australia to develop the technology.
To learn more please visit: www.clearvuepv.com
FORWARD LOOKING STATEMENTS
Statements contained in this release, particularly those regarding possible or assumed future
performance, revenue, costs, dividends, production levels or rates, prices or potential growth of
ClearVue Technologies Limited, are, or may be, forward looking statements. Such statements relate
to future events and expectations and, as such, involve known and unknown risks and uncertainties.
Actual results and developments may differ materially from those expressed or implied by these
forward-looking statements depending on a variety of factors.
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ASX Release | 21 March 2024
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