Me Today - Shareholders' meeting to consider placement

Me Today Limited (NZX:MEE) released today the notice of special meeting of Shareholders to be held as an audioconference only meeting, on Friday 18 March 2022 commencing at 1:00 pm.

Shareholders will need to pre-register for the meeting. To do so click this link and follow the instructions: https://s1.c-conf.com/diamondpass/10020251-asmsb22.html

The sole purpose of the special meeting is to seek approval to the placement of $6 million of additional share capital. Shareholder approval is being sought to issue new capital of $3.75 million to MTL Securities Limited and $2.25m to the trustees of TW Jarvis (No. 1) Trust. The new capital is being placed at an issue price of 8.8 cents per share, payable in cash within 2 working days of the meeting.

As notified to the market on the 29th of November 2021, the $6 million share placement is intended to lessen cashflow pressure on the company following disappointing sales projected for the King Honey business in the 2022 financial year.

Accompanying the notice of meeting is the Independent Adviser’s Report and Appraisal Report commissioned by the independent directors in respect to the placement prepared by Simmons Corporate Finance.

As explained in the notice of meeting the independent directors of Me Today Limited recommend that shareholders vote in favour of the resolutions.

For further information, please contact.

Stephen Sinclair
Company Secretary, Me Today Limited
021 330053
[email protected]

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Announcement PDF