Invion Announces Results of Entitlement Offer
Released
Released
Announcement PDF
Not for release to US wire services or distribution in the United States
RESULTS OF ENTITLEMENT OFFER
MELBOURNE (AUSTRALIA) 15 July 2025: Invion Limited (ASX: IVX) (“Invion” or the “Company”) is
pleased to announce the results of its fully underwritten, non-renounceable pro-rata
entitlement offer of 77 new options with an exercise price of 14 cents and an expiry date of 30
June 2027 (“Loyalty Options”) for every 100 existing shares held at the record date, at an offer
price of 1.5 cents (“Entitlement Offer”) to raise approximately $1 million before costs. For every
two (2) Loyalty Options that are exercised by 31 December 2025, option holders will be issued
one (1) free piggy-back option with an exercise price of 21 cents and an expiry date of 30
June 2027.
The Entitlement Offer was well supported by eligible shareholders, who applied for 19,225,155
Loyalty Options (raising approximately $288k), representing a take up of approximately 29%
of the Entitlement Offer. Loyalty Options from valid applications under the Entitlement Offer
will be issued on Thursday, 17 July 2025.
As the Entitlement Offer is fully underwritten by Blue Ocean Equities Pty Ltd, the shortfall of
46,130,837 Loyalty Options, representing approximately $692k before costs, will be taken up by
the underwriter and sub-underwriters, including Invion’s Executive Chair and CEO, Prof Thian
Chew, in accordance with the underwriting arrangements. It is expected that the shortfall
Loyalty Options will be issued on 23 July 2025.
This announcement is authorised by the board of the Company.
Sign up at Invion’s Investor Hub to receive regular updates, provide feedback and participate
in discussions: https://investors.inviongroup.com/
Investor and Media enquiries:
Thian Chew (Chairman & CEO)
T: +61 3 9692 7222
E: investor@inviongroup.com
Brendon Lau (Investor & Media Relations)
M: +61 409 341 613
E: brendon.lau@inviongroup.com
About Invion
Invion is a life-science company that is leading the global research and development of the Photosoft™
technology for the treatment of a range of cancers, atherosclerosis and infectious diseases. Invion holds
the exclusive Australia and New Zealand license rights and exclusive distribution rights to Hong Kong and
the rest of Asia Pacific, excluding China, Macau, Taiwan and Japan, to the Photosoft technology for all
cancer indications. It also holds the exclusive rights to the technology in Asia and Oceania, excluding
China, Hong Kong, Taiwan, Macau, the Middle East and Russia for atherosclerosis and infectious diseases,
and subsequently acquired the rights to the United States, Canada and Hong Kong for infectious
diseases. Research and clinical cancer trials are funded by the technology licensor, RMW Cho Group
Limited. Invion is listed on the ASX (ASX: IVX).
About Photodynamic Therapy (PDT)
Invion is developing PhotosoftTM technology as a novel next generation Photodynamic Therapy (PDT).
PDT uses non-toxic photosensitisers and light to selectively kill cancer cells and promote an anti-cancer
immune response. Less invasive than surgery and with minimal side effects, PDT offers an alternative
treatment option aimed at achieving complete tumour regression and long-lasting remission. PDT has
also demonstrated broad-spectrum activity across multiple infectious diseases, including bacteria, fungi
and viruses. Photosoft has the potential to address the global challenge of antibiotic-resistant
“superbugs”.
IMPORTANT NOTICE
Not an offer in the United States
This announcement has been prepared for publication in Australia and may not be released to US wire
services or distributed in the United States. This announcement does not constitute an offer to sell, or a
solicitation of an offer to buy, securities in the United States or in any other jurisdiction in which such an
offer would be unlawful. The Loyalty Options and Piggy-Back Options (“Options”) have not been, and
will not be registered under the US Securities Act of 1933, as amended (“US Securities Act”) or the
securities laws of any state or other jurisdiction of the United States. Accordingly, the Options may not be
offered or sold, directly or indirectly, in the United States unless they have been registered under the US
Securities Act (which the Company has no obligation or intention to do or procure), or are offered and
sold in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act
and any applicable U.S. state securities laws.
The information in this announcement is of general background and does not purport to be complete. It
should be read in conjunction with the Company’s other periodic and continuous disclosure
announcements lodged with ASX Limited, which are available at www.asx.com.au.
Forward-looking statements
This announcement may contain certain "forward-looking statements". The words "expect", "anticipate",
"estimate", "intend", "believe", "guidance", "should", "could", "may", "will", "predict", "plan" and other similar
expressions are intended to identify forward-looking statements. Indications of, and guidance on, future
earnings and financial position and performance are also forward-looking statements. Forward-looking
statements, opinions and estimates provided in this announcement are based on assumptions and
contingencies that are subject to change without notice and involve known and unknown risks and
uncertainties and other factors that are beyond the control of the Company, its directors and
management. This includes statements about market and industry trends, which are based on
interpretations of current market conditions. Forward-looking statements are provided as a general guide
only and should not be relied upon as an indication or guarantee of future performance. Actual results,
performance or achievements may differ materially from those expressed or implied in such statements
and any projections and assumptions on which these statements are based.
These statements may assume the success of the Company’s business strategies. The success of any of
those strategies will be realised in the period for which the forward-looking statement may have been
prepared or otherwise. Readers are cautioned not to place undue reliance on forward-looking
statements and except as required by law or regulation, none of the Company, its representatives or
advisers assumes any obligation to update these forward-looking statements. No representation or
warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness
of any forecasts, prospects, returns or statements in relation to future matters contained in this
announcement. The forward-looking statements are based on information available to the Company as
at the date of this announcement. Except as required by law or regulation (including the ASX Listing
Rules), none of the Company, its representatives or advisers undertakes any obligation to provide any
additional or updated information whether as a result of a change in expectations or assumptions, new
information, future events or results or otherwise. Indications of, and guidance or outlook on, future
earnings or financial position or performance are also forward-looking statements.
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