L&Q Notice - Cannasouth Limited Rights ("CBDRA")

OFFER

Fri, Aug 12 2022 10:50 am

Issuer: Cannasouth Limited (“CBD”)

Ticker Code: CBDRA

ISIN: NZCBDE0011S2

Details of Issue: A pro-rata renounceable rights issue of 1 new share for every 10 shares held on the Record Date.

Ratio (New : Existing): 1 : 10

Exercise Price: $0.30 per new share

Issue Price Payable: In full on application

Registrar: Link Market Services (“LNKT”)

Settlement Status: NZCDC Settlement System

Key Dates

Ex Rights Date: Friday, 19 August 2022

Rights Commence Trading: Friday, 19 August 2022

Record Date: 5:00pm, Monday, 22 August 2022

Letters of Entitlement sent to Shareholders: Tuesday, 23 August 2022

Offer Opens: Tuesday, 23 August 2022

Offer Closes: 5:00pm, Wednesday, 7 September 2022

Rights Quotation Ceases: Thursday, 1 September 2022

Allotment of New Shares: Wednesday, 14 September 2022

Commencement of Trading of New
Shares: Wednesday, 14 September 2022

Mark Peterson
Chief Executive Officer
NZX Limited
12 August 2022