Shaw and Partners is pleased to be appointed as a Joint Lead Manager to the equity capital raising by Calix Limited (ASX.CXL)

Calix is undertaking an institutional placement of new securities to raise up to $12 million at $0.70 per security.  New shares under the Placement will rank pari passu with existing shares.

Following completion of the placement, CXL also intends to offer existing eligible shareholders in Australia and New Zealand the opportunity to participate in a Share Purchase Plan (“SPP”) at the same price as the placement price. The SPP will be capped at $1.5 million.

The offer price of $0.70 per new share represents a 7.9% discount to the last close price of $0.76 on 24 September 2019 and a 17.7% discount to 30 day VWAP of $0.85.

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

For more information please contact your Shaw and Partners Adviser.

About Calix

Calix has developed a unique, patented technology to provide industrial solutions that address global sustainability challenges. The core technology is being used to develop more environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater, and carbon reduction. Calix develops its technology via a global network of research and development collaborations, including governments, research institutes and universities, some of world’s largest companies, and a growing customer base and distributor network for its commercialised products and processes.