Neo Performance Materials Inc. is listed on the Toronto Stock Exchange under the ticker symbol “NEO.” A profitable, dividend-paying company with a strong balance sheet and robust cash-flow generation, Neo is well positioned in markets that are forecast to see robust, long-term growth driven by multiple global macro trends. These trends include vehicle electrification, industrial automation, consumer electronics, energy efficient lighting, air and water pollution control, and greater use of superalloys.
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 is pleased to announce the completion of its previously announced secondary offering of an aggregate of 3,932,500 Common Shares at a price of $12.10 per share for total gross proceeds to the Selling Shareholders of approximately $47.6 million.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. TORONTO, Canada, December 4, 2020 – Neo Performance Materials
Sustainability is not a buzzword at Neo. It is part of the DNA of our Company. Our advanced industrial materials are critical to technologies that reduce air and water pollution, achieve better fuel economy, increase energy efficiency, and reduce greenhouse gases and other air emissions. We also work hard to manufacture our products using sustainable practices that reduce environmental impacts throughout our supply chain. See examples of our commitment to sustainability in this video.