Australian semiconductor developer BluGlass Limited (ASX: BLG) has today lodged a Prospectus in relation to its Bonus Option Offer.
Each eligible shareholder as at the Record Date of 30 May 2022 will be eligible to receive 1 Bonus Option for every 8 Shares held. The key terms of the Bonus Option are as follows:
- Subscription price payable per Bonus Option: $nil
- Option exercise price: $0.03
- Option expiry: 30 November 2022
Allotment of the Bonus Options is expected to occur on 6 June 2022 and are expected to be listed on ASX subject to compliance with ASX Listing Rules.
Indicative Timetable
| Event |
Date |
| Lodgement of Prospectus with ASIC |
24 May 2022
Prior to the commencement of trading |
| Lodgement of Appendix 3B, Announcement and Prospectus with ASX |
24 May 2022
Prior to the commencement of trading |
| Shares trade ex-Bonus Option entitlements |
27 May 2022 |
| Record Date for Bonus Options |
30 May 2022 |
| Intended date of issue, and lodgement of Appendix 2A |
Before 12pm (Sydney time), 6 June 2022 |
| Normal trading in Bonus Options |
7 June 2022 |
This announcement has been approved for release by the Board of BluGlass.
About BluGlass
Developing leading-edge semiconductor manufacturing technology and devices for more than a decade, BluGlass Limited (ASX:BLG) is a leading supplier of GaN laser diode products to the global photonics industry, focused on the industrial, defence, bio-medical, and scientific markets.
Listed on the ASX, BluGlass is one of just a handful of end-to-end GaN laser manufacturers globally. Its operations in Australia and the USA offer cutting-edge, custom laser diode development and manufacturing, from small-batch custom lasers to medium and high-volume off-the-shelf products.
The Company combines its proprietary low temperature, low hydrogen, remote plasma chemical vapour deposition (RPCVD) manufacturing process with advanced device design and fabrication to deliver differentiated laser solutions. With end-to-end capabilities spanning epitaxy, device design, fabrication, and testing, BluGlass is well-positioned to support critical next-generation photonics applications and sovereign supply chains.
For more information, please contact:
Stefanie Winwood
+61293342300 |swinwood@bluglass.com
James Lennon, Automic Markets
+61414035704 |james.lennon@automicgroup.com.au
Samuel Samhan, BluGlass CFO
ssamhan@bluglass.com
