News: Optoelectronics
11 June 2025
BluGlass extends closing date of share purchase plan offer to 17 June
BluGlass Ltd of Silverwater, Australia — which develops and manufactures gallium nitride (GaN) blue laser diodes based on its proprietary low-temperature, low-hydrogen remote-plasma chemical vapor deposition (RPCVD) technology — has extended the closing date for its share purchase plan (SPP) offer (which opened on 8 May) from 10 June to 17 June.
The SPP entitles eligible shareholders to purchase up to $100,000 worth of fully paid ordinary shares at an issue price at the lower of AUS$0.013 or a 2.5% discount to the 5-day volume-weighted average price (VWAP) as announced on 1 May.
The extension of the SPP closing date is to ensure that all eligible shareholders have sufficient time to participate. An updated Appendix 3B was released to the Australian Stock Exchange (ASX) at or about the same time as this announcement.
The issue of shares and attaching options under the prospectus remains conditional upon receipt of shareholder approval at the general meeting to be held on 13 June.
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