SEC RELEASE
18 October
2018
KAZIA RAISES A$3.4 MILLION TO PROGRESS R&D PROGRAMS
Sydney, Thursday, 18 October 2018 Kazia Therapeutics Limited (ASX: KZA; NASDAQ: KZIA), an Australian oncology-focused biotechnology company, is
pleased to announce the completion of a placement of ASX shares, primarily to sector-specialist institutional investors in Australia and internationally, at a price of A$0.38 per share. The placement will raise approximately A$3.4 million
(exclusive of costs).
Institutional Placement
Under
the terms of the placement, approximately 8.9 million new
ASX-listed
fully-paid ordinary shares have been allocated to institutional, professional, and sophisticated investors outside the United States at
a price of A$0.38 per share, representing an 11.6% discount to the last closing price on Friday 12 October 2018 (A$0.43). Settlement and issuance of shares is expected to occur in several tranches during the week beginning Monday 22
nd
October 2018.
The proceeds from the placement and SPP will be used to fund the Companys R&D
activities and provide working capital into 2020, yielding four critical value-driving data read-outs across the
GDC-0084
and Cantrixil programs.
No shareholder approval is required for the placement. The placement shares will be allocated using the Companys available placement capacity under its
15% limit in accordance with ASX Listing Rule 7.1 and its additional 10% limit in accordance with ASX Listing Rule 7.1A. The placement shares will rank equally with the Companys existing shares on issue.
[ENDS]
The securities referred to in this
announcement have not been, nor will be, registered under the US Securities Act of 1933 (
Securities Act
), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, such securities may not be offered or
sold, directly or indirectly, in the United States or to any US person (as defined in Rule 902 under the Securities Act) or to any person acting for the account or benefit of a US person, except in transactions (i) registered under the US
Securities Act (which the Company has no obligation to do) or (ii) exempt from, or not subject to, the registration requirements of the Securities Act and any other applicable securities laws of any state or other jurisdiction of the United
States.
Board of Directors
Mr Iain Ross
Chairman,
Non-Executive
Director
Mr Bryce Carmine
Non-Executive
Director
Mr Steven Coffey
Non-Executive
Director
Dr James Garner
Chief Executive Officer, Managing Director