On 28 June 2024, Bhagwan Marine Limited ACN 009 154 349 (Bhagwan) issued a Prospectus for the purposes of Chapter 6D of the Corporations Act. The Prospectus is an invitation to acquire fully paid ordinary shares (Shares) in Bhagwan.
The Prospectus is offering 126,984,127 new shares to be issued by Bhagwan Marine. All shares under the offer will be issued at the offer price of $0.63 per share to raise total proceeds of $80 million (before costs). Shares being issued under the offer will represent approximately 46.1% of the total shares on issue on completion. The proceeds raised will be used to repay existing secured loans and the costs of the offer. On the 8th July – The offering closed fully subscribed

LODGEMENT AND ASX LISTING

The Company’s Prospectus is dated Friday, 28 June 2024 (Prospectus Date) and was lodged with ASIC on that date.  The Prospectus is a replacement prospectus that replaces the prospectus issued by the Company on 21 June 2024 (Original Prospectus) and lodged with ASIC on that date (Original Prospectus Date). None of ASIC, ASX or any of their respective officers takes any responsibility for the contents of the Prospectus or the merits of the investment to which the Prospectus relates.

On 26 July 2024, the Company was admitted to the official list of the ASX. (ASX Code: BWN)

OBTAINING A COPY OF THE PROSPECTUS

Download a copy here: Prospectus 28 June 2024

EXPIRY DATE

The Prospectus expires 13 months after the Original Prospectus Date.  No Shares will be issued or sold on the basis of the Prospectus after that date.

DISCLAIMER

The information on this website does not constitute an offer of Shares. The information on this website is provided for informational purposes only and is subject to change without notice.

No person is authorised to give any information or to make any representation in connection with the Offer described in the Prospectus, which is not contained in the Prospectus. You should rely only on the information in the Prospectus.