Sydney, 3 March 2015 – Today, Dyesol has been notified by Tasnee that it will exercise its $6 million investment option immediately in favour of Dyesol. The transaction has the prior approval of shareholders obtained at a meeting held on 5 March 2014 and will result in the issue of an additional 33,333,333 shares at $0.18 per share. As a result, Tasnee’s shareholding in Dyesol will increase to 33.50%. Managing Director, Richard Caldwell commented: “We are very excited by our current prospects with many long-term plans and actions beginning to take effect. There is a close bond of co-operation and understanding between Dyesol and Tasnee and we are very pleased that Tasnee has increased its investment. Together, we share the ambition with all of our shareholders to make this Company a truly global success.
