Company Name: Ocean Guardian – Shark Shield
Announcement Date: 26/04/2018
Announcement Category: Investment
Announcement Content:
Sydney, 26th April 2018: Following lodgment of its prospectus with ASIC, Ocean Guardian Holdings Limited (Ocean Guardian) has today launched its initial public offering (IPO), providing investors the opportunity to invest in the worldâs only scientifically proven and independently tested shark deterrent technology. Nothing is more effective.
Ocean Guardian is the manufacturer of electrical shark deterrent products using Shark Shield Technology with product approved by the Western Australian government for rebates and tested by leading independent shark scientists worldwide.
Under the IPO, Ocean Guardian is seeking to raise up to $5,000,000 (before costs) issuing 25,000,000 new Shares at an Offer Price of $0.20 per Share (Offer), with an oversubscription to raise up to a total of $6,000,000.
Lindsay Lyon, CEO of Ocean Guardian says, âWe are seeking to raise $5 million to increase global demand for our surf and dive products, along with developing a new range of boat and beach products using existing technology and new technology. We see significant future growth in the boat market addressing consumers who have higher disposable incomes, and a more service driven B to B business model in the beach protection markets with the potential to remove shark nets, the use of drum lines and prevent shark culling; a win for humans, sharks and our environmentâ.
The prospectus for the Offer is currently available and can be obtained by visiting Ocean Guardianâs website, www.ocean-guardian.com or contacting 1 800 132 009. The Offer is currently the subject of an exposure period, which is expected to close on (insert date). Ocean Guardianâs offer period will be open from (insert date) until (insert date), with trading on ASX expected to commence on (insert date).
The Offer will be made in Ocean Guardianâs prospectus. Any person deciding whether to participate in the Offer should consider the prospectus. Any person who wants to acquire Shares under the Offer will need to complete the application form contained in the prospectus. Any applications made during the exposure period will be processed by Ocean Guardian once the exposure period has expired.
Key Dates
Prospectus Date â Lodgement of Prospectus with ASIC 26 April 2018
Opening Date for Applications (9:00am AEST) 10 May 2018
Closing Date for Applications (5:00 PM AEST) 7 June 2018
Issue and allotment of Shares 14 June 2018
Expected despatch of CHESS statements 21 June 2018
Expected date of quotation of Shares on the ASX 28 June 2018
ASX Code OCG
NOTE: This timetable is indicative only. Unless otherwise indicated, all times are in AEDT. Ocean Guardian, in conjunction with the Lead Manager, Emerald Capital Australia Pty Ltd, reserves the right to vary the dates and times of the Offer, including to close the Offer early or to accept late applications, either generally or in particular cases without notification. Investors are encouraged to submit their applications as soon as possible.
About Ocean Guardian
In 2018, the Shark Shield company became Ocean GuardianÂŽ. The change of name reflects our bigger ambition â to make you safe whatever you enjoy doing in the Ocean â while also protecting the planet we call home.
Ocean Guardian, powered by Shark Shield Technology, is the worldâs only scientifically proven electrical shark deterrent. Nothing is more effective.
Sharks have short-range electrical receptors in their snouts used for finding food, Ocean Guardianâs government approved, and patented technology creates a powerful three-dimensional electrical field which causes unbearable spasms in these sensitive receptors turning sharks away, including Great Whites.
Ocean Guardian has worked tirelessly over 20-years in partnership with the worldâs leading experts in sharks, including the KwaZulu-Natal Sharks Board in South Africa and independent universities, resulting in peer reviewed science journals confirming the technologies effectiveness in deterring sharks.
Ocean Guardian safety products are trusted by surfers, divers, and ocean lovers around the world and are recommended safety equipment in professional industries such navies and abalone diving. With no known permanent harm to sharks, the products directly support the conservation of sharks and other marine life by removing the need for shark nets and culling, ensuring the ocean can be shared â safely and in harmony with nature. They are the ultimate ocean guardian.
www.ocean-guardian.com
Announcement URL: https://events.miraqle.com/ocean-guardian-IPO/Country-Validation/
About Ocean Guardian – Shark Shield:
In 2018, the Shark Shield company became Ocean GuardianÂŽ. The change of name reflects our bigger ambition â to make you safe whatever you enjoy doing in the Ocean â while also protecting the planet we call home.
Ocean Guardian, powered by Shark Shield Technology, is the worldâs only scientifically proven and independently tested electrical shark deterrent. Government approved and developed over two decades of research, Ocean Guardianâs patented technology creates a powerful three-dimensional electrical field which causes safe but unbearable spasms in sharkâs short-range electrical receptors, turning sharks away - including Great Whites. Nothing is more effective.
Ocean Guardian safety products are the ultimate ocean guardian â providing peace of mind for surfers, divers, and ocean lovers around the world, while supporting the conservation of marine life by removing the need for shark nets and culling.
Go to Company Profile for: Ocean Guardian – Shark Shield
Announcement Contact: [email protected]
