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Silex prices SPP at $5.08 per share

Silex prices SPP at $5.08 per share

Technology company Silex Systems (ASX:SLX) has priced a share purchase plan at $5.08 per share.

Silex has divisions operating in USB data acquisition and testing, laser isotope separation, solar panel manufacturing and solar power station deployment.

The company said the SPP price is a 10% discount to its weighted average share price from 10 January to 21 January.

The weighted average figure took effect because it is lower than the $5.40 per share price at which the company recently conducted an $89.1 million placement.

The company launched the SPP on December 20, and it will run until January 28 – a deadline which had been extended by one week due to the disruptions caused by the Queensland and Victoria floods.

Shareholders will each have the chance to purchase up to $15,000 worth of new shares.

SLX shares today grew 0.74% to $5.450.

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Tags SPPShare placementSilexASX:SLX

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