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 Performance Materials announces that it has completed the previously announced secondary offering of common shares. A fund managed by Oaktree Capital Management, L.P. sold an aggregate of 4,600,000 Common Shares under the Offering at a price of $19.75 per share for total gross proceeds to the Selling Shareholder of $90.85 million.
Neo Performance Materials announces $79 Million bought deal secondary offering of common shares.
Andrew Bell, host of BNN/Bloomberg’s “Commodities” news show, today interviewed Constantine Karayannopoulos, Chief Executive Officer of Neo Performance Materials on the Company’s unique position in the rare earth industry and its strategies for growth as a supplier of critical rare earth materials to technologies that advance sustainability goals.
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.