Neo Performance Materials announces $79 Million bought deal secondary offering of common shares.
Neo Performance Materials and Energy Fuels are pleased to announce a new rare earth production initiative spanning European and North American critical material supply chains.
Neo will report its fourth-quarter results for the period ended December 31, 2020, before the Toronto market opens on Monday, March 22, 2021.
Neo Performance Materials is pleased to announce that it has completed the previously announced secondary offering of common shares, in which funds managed by Oaktree Capital Management, L.P. sold an aggregate of 5,175,000 Common Shares under the Offering at a price of $15.75 per share for total gross proceeds to the Selling Shareholders of approximately $81.5 million, including the full exercise of the over-allotment option.
Neo is pleased to announce that it and funds managed by Oaktree Capital Management, L.P. have entered into an agreement with Paradigm Capital Inc., on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from the Selling Shareholders 4,500,000 common shares of the Company at a price of $15.75 per Common Share.
Neo Performance Materials Inc. will report its second quarter results for the period ended June 30, 2020 before the Toronto market opens on Monday, August 10, 2020.
Neo Performance Materials announces that the Toronto Stock Exchange has accepted a notice filed by Neo of its intention to make a Normal Course Issuer Bid for up to 1,982,517 of its issued and outstanding common shares. In connection with the Bid, the Company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its Shares.
Neo Chemicals & Oxides Ltd. won a major court decision in Germany last week as the Federal Patent Court in Munich revoked the German designation of a key patent (EP 1435338) that had been claimed by Solvay Special Chem Japan Ltd., an affiliate of Brussels-based Solvay SA, on a cerium oxide-based product used to reduce nitrogen oxide emissions in diesel vehicle engines.
Neo Performance Materials announces that the Toronto Stock Exchange has accepted a notice filed by Neo of its intention to make a Normal Course Issuer Bid for up to 1,996,078 of its issued and outstanding common shares.
Neo Performance Materials successfully closes its previously announced IPO initial by way of secondary offering of common shares by the Company’s majority shareholder, OCM Neo Holdings (Cayman), L.P., which sold 11,115,000 Common Shares at a price of $18.00 per share for total gross proceeds to the Selling Shareholder of $200,070,000.
