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Ocean Guardian creators of Shark Shield lodge supplementary prospectus for IPO

Ocean Guardian creators of Shark Shield lodge supplementary prospectus for IPO

29 May 2018

Ocean Guardian Holdings Limited today lodged a supplementary prospectus Supplementary Prospectus for IPO updating the market on significant Q3 revenue growth of 78%, new research commissioned by NSW Department of Planning and Industry (DPI), an announcement by the WA State Government adding the company’s FREEDOM+ Surf to the Shark Deterrent Rebate Program, and the launch date of the new boat, beach and hand-held range of products.

  • Increase in Revenue Growth for Q3 FY18 of 78%
  • FREEDOM+ Surf added to WA State Government Rebate Program. Read full details HERE.
  • New Independent Scientific Research on the effectiveness of the FREEDOM+ Surf. View research HERE.
  • Long Range Boat & Beach Product Concept Completed, Launch Date Nov 2018
  • Hand Held Consumer Product Concept Completed, Launch Date Nov 2018
  • Flinders University released independent testing results showing that Ocean Guardian’s FREEDOM+ Surf was the only shark deterrent tested which was an effective deterrent against great white sharks for surfers. As a result of this research, the FREEDOM+ Surf was added to the Western Australian Government Shark Deterrent Rebate program where consumers receive a $200 rebate.

The company has completed final design concepts for the worlds first long-range boat and beach shark deterrent products with a starting target price of ~$2,500. These new designs (LR10, FP15, LR10S) allow for a target of approximately 10% of RRP as an annual service maintenance charge for maintaining safety equipment, in the same revenue model associated with annually certifying fire extinguishers and life rafts. Features include an innovative solar powered accessory for unattended 24/7 protection for segment such as surf lifesaving, private jetties, canals, fish farms, etc.

Lindsay Lyon, Ocean Guardian CEO says, “The company’s funding plan after listing on the ASX is to launch these new boat, beach and handheld products simultaneously at the Marine Equipment Trade Show (METS) and The Diving Equipment & Marketing Association (DEMA). METS in 2018 is to be held in November in Amsterdam and is the world’s biggest business to business leisure marine equipment show, and DEMA in 2018 is held in November in Las Vegas and is considered the world’s largest dive equipment show. These shows provide exceptional global launch platforms”.

The IPO launched on the 26th April 2018, Ocean Guardian are seeking to raise up to $5,000,000 (before costs) issuing 25,000,000 new Shares at an Offer Price of $0.20 per Share (Offer), with an oversubscription to raise up to a total of $6,000,000.

Watch the interview with CEO Lindsay Lyon on Proactive Investors HERE which provides a detailed overview of the IPO and business strategy. Click HERE to download a copy of the prospectus.

The prospectus for the Offer is currently available and can be obtained here or by contacting 1 800 132 009. The Offer is currently the subject of an exposure period, which will open from 10 May 2018 and expected to close on 7 June 2018, with expected date of quotation of Shares on the ASX 28 June 2018.

The Offer will be made in Ocean Guardian’s prospectus. Any person deciding whether to participate in the Offer should consider the prospectus. Any person who wants to acquire Shares under the Offer will need to complete the application form contained in the prospectus. Any applications made during the exposure period will be processed by Ocean Guardian once the exposure period has expired.

Key Dates

  • Prospectus Date – Lodgement of Prospectus with ASIC 26 April 2018
  • Opening Date for Applications (9:00am AEST) 10 May 2018
  • Supplementary prospectus lodgement 28 May 2018
  • Closing Date for Applications (5:00 PM AEST) 7 June 2018
  • Issue and allotment of Shares 14 June 2018
  • Expected despatch of CHESS statements 21 June 2018
  • Expected date of quotation of Shares on the ASX 28 June 2018
  • ASX Code OCG

NOTE: This timetable is indicative only. Unless otherwise indicated, all times are in AEDT. Ocean Guardian, in conjunction with the Lead Manager, Emerald Capital Australia Pty Ltd, reserves the right to vary the dates and times of the Offer, including to close the Offer early or to accept late applications, either generally or in particular cases without notification. Investors are encouraged to submit their applications as soon as possible.

About Ocean Guardian

In 2018, the Shark Shield company became Ocean Guardian®. The change of name reflects our bigger ambition – to make you safe whatever you enjoy doing in the Ocean – while also protecting the planet we call home.

Ocean Guardian, powered by Shark Shield Technology, is the world’s only scientifically proven electrical shark deterrent. Nothing is more effective.

Sharks have short-range electrical receptors in their snouts used for finding food, Ocean Guardian’s government approved, and patented technology creates a powerful three-dimensional electrical field which causes unbearable spasms in these sensitive receptors turning sharks away, including Great Whites.

Ocean Guardian has worked tirelessly over 20-years in partnership with the world’s leading experts in sharks, including the KwaZulu-Natal Sharks Board in South Africa and independent universities, resulting in peer reviewed science journals confirming the technologies effectiveness in deterring sharks.

Ocean Guardian safety products are trusted by surfers, divers, and ocean lovers around the world and are recommended safety equipment in professional industries such navies and abalone diving. With no known permanent harm to sharks, the products directly support the conservation of sharks and other marine life by removing the need for shark nets and culling, ensuring the ocean can be shared – safely and in harmony with nature. They are the ultimate ocean guardian.


For further information or to request an interview with Lindsay Lyon, CEO of Ocean Guardian, please contact 360 PR: Rachel – 0434 820 542 or 02 9571 4448 or rachel@360pr.com.au

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