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Capital Raising Shortfall Notification

Neptune Marine Services Limited (ASX: NMS, Neptune or the Company) is pleased to announce it received acceptances for 721,409,798 new shares in Neptune from shareholders wishing to take up their entitlements raising a total of $36.07 million.

Successful Capital Raise

Neptune Marine Services Limited (ASX: NMS, Neptune or the Company) is pleased to announce it has reached the minimum subscription of $60 million required to proceed with its capital raising and is now working closely with the Joint Lead Managers (Patersons Securities Limited and Euroz Securities Limited) on the placement of additional shortfall stock in order to complete the raising.

Bank Payments and Transfers for the Non-Renouncable Rights Issue

Neptune Marine Services Limited (ASX: NMS, Neptune or the Company) was today informed by its Share Registry, Computershare, that the BPay function by which shareholders could transfer funds to take up their entitlement offer was down for all shareholders with a Commonwealth Bank account.

Results of Shareholder Meeting 01-03-11

PERTH, Western Australia: Further to the Shareholder General Meeting held today, and in accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise details of the resolution and proxies received are set out in the proxy summary below.

Structural Review Announced

Neptune Marine Services Limited (ASX: NMS) wishes to announce the results of an operational and structural review carried out over the past two months and expected lodgement of the prospectus for its $80.6 million equity capital raising with ASIC.

Neptune secures wharf works

Neptune (ASX: NMS) is pleased to announce that it has been contracted by BHP Billiton Iron Ore to carry out a program of inspection and maintenance at the Finucane Island port facility in Western Australia's Pilbara region.
Articles 41 to 50 of 66