TruScreen to Lodge a Pro Rata Renounceable Rights Issue

17 February 2023

NZX Limited

WELLINGTON

TruScreen to launch a pro-rata renounceable rights issue

TruScreen Group Limited (NZX/ASX:TRU) (TruScreen or TRU) is pleased to announce its intention to launch a one (1) for five (5) pro-rata renounceable rights issue to raise up to circa NZD$2.2 million ("Rights Offer”).

An Offer Document will be issued by TruScreen and released to the market in due course. Shareholders should read the Offer document in full before deciding what actions to take with their rights. Details of the Rights Offer are as follows:

Rights Offer size and structure

~NZD$2.2 million pro rata renounceable rights offer to Eligible Shareholders (defined below) at a ratio of 1 for 5 (Rights Offer). Approximately 72,573,250 new fully paid ordinary shares in TruScreen (New Shares) will be issued under the Rights Offer.
Rights Offer price NZD$0.03/AUD$0.029 per New Share (Issue Price)

No Rights trading

Rights will not be quoted on the NZX Main Board or the ASX. Holders of Rights shall be entitled to sell their Rights privately off-market.

Eligibility

Only TruScreen shareholders with registered addresses in New Zealand or Australia on the Record Date will be entitled to participate in the Rights Offer (Eligible Shareholders).

Oversubscriptions and Oversubscription Bookbuild Facility

Eligible Shareholders who elect to take up all of their Rights in full will have an opportunity to apply for additional shares, the issue price for which shall be determined through an Oversubscription Bookbuild Facility process to be undertaken by TRU. The final issue price to be paid under the Oversubscription Bookbuild Facility process (Oversubscription Bookbuild Price) may ultimately be greater than the Issue Price of NZD$0,03/AUD$0.029 per New Share, but in no event will the Oversubscription Bookbuild Price be less than NZD$0.03/AUD$0.029.

Eligible Shareholders and other eligible investors may be entitled to participate in the Oversubscription Bookbuild Facility process via those parties invited to participate in the process by TRU.

Ordinary Shares The New Shares to be issued under the Rights Offer will rank equally in all respects with the existing ordinary shares on issue in TRU.

The key dates for the Rights Offer are as follows:

Announcement of the Offer 17 February 2023
Record Date for determining Rights 5pm (NZDT)/3pm (AEDT) 27
February 2023

Opening Date for the Offer 28 February 2023

Dispatch of Offer Documents and Entitlement and Acceptance Forms
28 February 2023
Closing Date for the Offer 5pm (NZDT)/3pm (AEDT) 15
March 2023

Closing Date for the Oversubscription Bookbuild Facility
16 March 2023

Announcement of results of the Offer and the Oversubscription
Bookbuild Facility 17 March 2023

Allotment of New Shares, despatch of holder statements and
commencement of trading of New Shares 22 March 2023

The above dates are subject to change at the discretion of TRU, subject to compliance with NZX and ASX Listing Rules requirements. TRU reserves the right to withdraw the Rights Offer at any time prior to the issue of New Shares under the Rights Offer at its absolute discretion.

A copy of the Corporate Action Notice and the Cleansing Notice accompany this announcement.

TruScreen Group Limited is being advised by CM Partners Limited.

Ends

Tony Ho
Chairman
Tel: +61 41 734 5839
Email: [email protected]

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Announcement PDF