DE.MEM LIMITED; DEM completes placement with leading institutional investors
ASX RELEASE | De.mem Limited (ASX:DEM)
De.mem completes placement with leading institutional investors
• Received $1.907 million of fresh capital from leading institutional investors and existing shareholders
• Sydney-based Perennial Value Management becomes second-largest shareholder
27 June 2019: Water and wastewater treatment company De.mem (ASX:DEM) (“De.mem” or “the Company”)
is pleased to report that it has received $1.907 million of new investment by a group of high-quality institutional
investors as well as existing shareholders through a placement of new shares.
The Company expects to issue 13,621,427 fully paid ordinary shares at $0.14 per share to these investors by 28
June 2019. The issue will utilise the Company’s existing placement capacity available under 7.1 of the ASX Listing
The cornerstone investor in this placement is Perennial Value Management (“Perennial Value”), which invested
$1.5 million in De.mem and consequently now holds 7.7% of the Company, making it the second-largest
shareholder of the Company after Singapore-based Venture Capital fund New Asia Investments.
The Perennial Value Microcap Opportunities Trust received Money Management’s 2019 Fund Manager of the
Year Award in the Australian Small Cap category. The portfolio invests in a range of small listed and unlisted
companies with a market capitalisation below $500 million, which Perennial Value believes have sustainable
operations and whose share prices offer good value.
De.mem CEO Andreas Kroell said: “The investment received from such a high-quality group of investors
underlines the attractive investment proposition of De.mem. Each investor is known to be a long-term supporter
of high-quality growth businesses, and we welcome them onto our register.”