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Dear Dyesol Stakeholder,

 

At a general meeting of Dyesol shareholders held at headquarters in Queanbeyan on Friday, June 9 a special resolution to change the name of the Company from Dyesol Limited to Greatcell Solar Limited was approved.

We are well aware that a name change is potentially cosmetic unless the Company delivers on its technical and business objectives. However, given the very positive current progress in relation to technology and business development, the board considers the timing of this rebranding as highly appropriate. The new name signifies to us a new chapter of commercial progress and is more appropriate for our 3rd generation solar PV technology.

It is absolutely imperative that you understand that a change of name leaves all stakeholders’ rights and obligations unaffected. It is the same for the Company. Importantly, the registration details of the company and its subsidiaries are unchanged and we will retain our Australian Company Number, for example. If you held 20,000 shares in Dyesol Limited this week, you will hold 20,000 shares in Greatcell Solar Limited next week and this will not trigger any legal, tax or financial implications. The number of shares on issue will be unchanged.

If you are a supplier or customer of the Company, our banking details will remain unchanged except for new account holder name details. We will, of course, continue to deliver the best materials and equipment in this rapidly growing renewable energy sector. We will also continue to sensibly manage the transition, recognising both names in relevant circumstances for at least 6 months. If you require any formal correspondence from Dyesol to verify and validate these changes then we will certainly oblige.

The website is also in the advanced stages of being significantly upgraded and renamed to www.greatcellsolar.com . The old website www.dyesol.com will remain in effect for a sensible transition period. The trademark Greatcell Solar has been reserved in all important jurisdictions and is available for implementation.

The indicative timetable is that the new name will be formalised by ASIC on June 21 and recognised by ASX on June 26.

Greatcell Solar Limited will trade under the new ASX ticker: GSL from Monday, 26 June, 2017.

However, the ticker for the German Bourse will remain the same: D5I.   

Again, please contact us directly if you require any further information.

 

Sincerely,

 

Richard Caldwell,

Managing Director