Issue of Placement Shares
Released
Released
Announcement PDF
ASX/Media Release
0709/2020
Issue of Placement Shares
Emerald Clinics Limited (ASX: EMD) (Emerald or the Company), a Real-World Evidence company that
develops remote patient monitoring technology underpinned by a clinical services model to evaluate the
safety and effectiveness of new treatments, is pleased to advise that it has today issued 27,500,000 shares at
an issue price of $0.08 raising $2.2 million (before costs) (Placement)
Funds raised in the Placement, which received strong demand from a combination of new and existing
institutional and sophisticated investors in Australia and international markets, will be used for expansion of
clinical services, research and development, business development opportunities and general working
capital .
The new shares have been issued utilising the Company’s existing placement capacity under ASX Listing Rule
7.1.
An Appendix 2A applying for quotation of the shares issued under the Placement, together with a cleansing
notice in respect of those shares under section 708A(5)(e) of the Corporations Act 2001 (Cth), will follow this
announcement.
Release authorised by: Dr Michael Winlo, CEO and Managing Director
For further information:
Dr Michael Winlo
CEO
(08) 6559 2800
investors@emeraldclinics.com.au
Matt Wright
Media/investor relations
+61 (0) 451 896 420
matt@nwrcommunications.com.au
About Emerald Clinics Limited
Emerald Clinics Limited (ACN 625 085 734) is an Australian incorporated company focussed on generating
Real-World Evidence using its network of specialist medical clinics and purpose-built, remote patient
monitoring software and technology. The Emerald model provides care while also co-creating high quality
and ethically sourced clinical data from informed and consenting patients. Emerald’s evidence is used to
accelerate the development of new treatments and models of care. Emerald customers pay for deidentified
data, clinical trials and consulting services or monitor their workforce.
Cautionary Note on Forward-Looking Statements
Any statements in this press release about future expectations, plans and prospects for the Company, the
company’s strategy, future operations, and other statements containing the words “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,”
“could,” “should,” “continue,” and similar expressions, constitute forward-looking statements. Actual results
may differ materially from those indicated by such forward-looking statements as a results of various
important factors, including: the Company’s ability to successfully develop its product candidates and timely
complete its planned clinical programs and the Company’s ability to obtain marketing approvals for its
product candidates. In addition, the forward-looking statements included in this press release represents the
Company’s views as of the date hereof. The Company anticipates that subsequent events and developments
will cause the Company’s views to change. However, while the Company may elect to update these forwardlooking statements at some point in the future, the Company specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as representing the Company’s views as of any
date subsequent to the date hereof.
Share your feedback
Discover