redflow rights issue

Redflow’s principal focus has been on the telecommunications sector as that presents a large and growing market where Redflow’s unique battery characteristics provide real benefits to its customers, particularly in regions like Africa that have inconsistent mains power and serious battery theft issues.Redflow’s progress is also reflected by a growing number of deployments in the field.


Shortfall placement to raise funds for the purposes set out in the Company's announcement dated 11 August 2020 Redflow’s Brisbane based engineering team will be accelerating this work over this COVID-19 impacted period with support from Redflow Thailand.

Latest News; Notable Calls; On The Move; Top News; Wall Street Breakfast; IPO News as hot as 50 degrees Celsius and 10 kWh sustained energy storage DC energy storage for BTS sites, on-grid and off-grid This field is for validation purposes and should be left unchanged.

Marketed as ZCell and ZBM2, Redflow'se small zinc-bromine flow batteries tolerate daily hard work in harsh conditions for residential, industrial, commercial, telecoms and grid-scale energy storage. Redflow is not wasting the period while we are impacted by the COVID-19 pandemic. Part 1 - Entity and announcement details ASX +security code and description
This includes completion of retooling for Gen3 at the Redflow Thailand facility in October and commencement of initial customer trials by the end of this calendar year. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? Number of +securities proposed to be issued  End-of-day quote Australian Stock Exchange - 08/13 +securities to be issued Redflow Limited has today announced an Entitlement Offer to raise as much as $22.9 million before offer costs with an immediate target of around $6.25 million.When the Board last raised capital from shareholders in April 2019 (by way of a 1:2 pro-rata non-renounceable entitlement offer) it noted that Redflow was well-positioned to gain sales traction and customer acceptance of its innovative zinc-bromine flow batteries. Redflow Chairman Brett Johnson said Redflow had made significant progress in the past six months. 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Most notably, the placement includes $3.4 million to interests associated with director Simon Hackett, who led a consortium to invest $2.2 million in the company in May 2014.The raising will be at $0.20 and will comprise a A$9.7 million placement, and a fully underwritten 1 for 9 non-renounceable entitlement offer to raise A$6.4 million.The entitlement offer is fully underwritten by Morgans Corporate Limited.The capital raising is at a 20.8% discount to the then-day VWAP, and a 9.1% discount to the last traded priceMaking sales is the company's prime focus for 2015.- Placing demonstration systems of both individual batteries and containerised solutions in selected regions. The Brisbane-based company is raising the funds through a combination of a placement to new investors and a fully underwritten rights issue offered to all current shareholders. Tim Harris will take part in the capital raising by supporting the underwriting of the entitlement offer. Reduce operating costs through diesel runtime reduction Latest News. 7F.2 Any other information the entity wishes to provide about the proposed issue The current economic environment and a growing focus on renewable energy provide a unique opportunity for Redflow to focus on this critical program, that has already made significant progress over the past six months. Proposed issue of securities

Investors. RIGHTS ISSUE: 1 new share @ 0.042 AUD for 2 existing shares | April 16, 2019 Lodgement of court order with +ASIC We expect that our Gen3 Battery will deliver at least 30 per cent cost reductions versus current Thailand produced ZBM2 batteries, at reasonable volumes. Read More.

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