Cleansing Notice - Share Placement to Employees
Released
Released
Announcement PDF
Media & ASX Announcement | 17 April 2025
Cleansing Notice under section 708A(5)(e) of the
Corporations Act 2001 (Cth)
This notice is given by Provaris Energy Ltd (ABN 53 109 213 470) (ASX.PV1, Provaris), under section 708A(5)(e)
of the Corporations Act 2001 (Cth) (Corporations Act).
Refer to Provaris Shareholder Update Letter released to the ASX on 15 July 2025. Provaris has today issued a total
of 4,867,624 fully paid ordinary shares in Provaris (New Shares), at an issue price of $0.011 per New Share, to
employees of Provaris under a placement. The placement resulted from the voluntary agreement by some employees
to direct part or all of their salary, for the months of April, May, and June 2025, to the purchase of the New Shares.
In accordance with section 708A(6) of the Corporations Act, Provaris provides notice to the ASX that:
1.
it has issued the New Shares without disclosure to investors under Part 6D.2 of the Corporations Act 2001
(Cth) (Corporations Act);
2.
this notice is being given under section 708A(5)(e) of the Corporations Act;
3.
as at the date of this notice, Provaris has complied with:
4.
(a)
the provisions of Chapter 2M of the Corporations Act as they apply to Provaris; and
(b)
section 674 and 674A of the Corporations Act; and
as at the date of this notice, there is no “excluded information”, of the type referred to in subsections 708A(7)
and 708A(8) of the Corporations Act, which is required to be set out in this notice.
- END -
This announcement has been authorised for release by the Company Secretary of Provaris Energy Ltd.
Norm Marshall
Company Secretary
+61 481 148629
nmarshall@provaris.energy
ASX.PV1
Martin Carolan
Managing Director & CEO
+61 404 809019
mcarolan@provaris.energy
@ProvarisEnergy
Provaris Energy Ltd.
info@provaris.energy
Perth | Sydney | Oslo
About Provaris Energy
Provaris Energy Ltd (ASX: PV1) | www.provaris.energy
Provaris Energy Ltd (ASX: PV1) is an Australian public company developing a portfolio of integrated green hydrogen projects
strategically focused on the European market where policy for energy security and decarbonisation depends on new bulk storage
and maritime imports. Collaborating with European producers for hydrogen supply and German utilities for offtake of compressed
hydrogen offers the lowest regional delivered cost in Europe. Our proprietary tank IP and innovative ship design prioritises
simplicity and efficiency to reduce storage and transport costs. More recently, a strategic partnership to innovate CO2 tank design
for storage and marine transport, enabling higher volumes over long distances, is increasing our leadership in the energy
transition.
ACN 109 213 470 |
WWW.PROVARIS.ENERGY | ASX.PV1
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