Capital Raising Shortfall Notification

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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.

To date the Company has received $25.43 million worth of applications pursuant to the shortfall offer and is now working closely with the Joint Lead Managers (Patersons  Securities Limited and Euroz Securities Limited) on the placement of additional shortfall shares in order to complete the raising.  

The current total of the raising is therefore $61.50 million and the Company will advise of the final quantum next week.

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