9:44am, 13 Oct 2016 | GENERAL
As noted at the Annual Shareholder meeting on the 29 September 2016, PLX advised that it would need to undertake further capital raising activity in the second half of 2016 to continue with its growth plans. PLX is now progressing that matter, and advises that in formulating an approach to this capital raising PLX is considering the option of a Share Purchase Plan, and engaging with strategic NZ and US based investors to assist with further development of PLX’s US business.
PLX has appointed a US based external advisor, who will undertake a process to identify and evaluate appropriate potential US investors, and will assist PLX to consider its strategic options and the potential transactions that may be available to it.
For more information please contact:
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575