Truscreen to Lodge a Pro Rata Renounceable Rights Issue

12 February 2024

NZX

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 three (3) pro-rata renounceable rights issue to raise up to circa NZD$2.8 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$2.8 million pro rata renounceable rights offer to Eligible Shareholders (defined below) at a ratio of 1 for 3 (Rights Offer). 140,008,446 New fully paid ordinary Shares in TruScreen (New Shares) will be issued under the Rights Offer.

Rights Offer price: NZD$0.02/AUD$0.0187 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: Eligible Shareholders who elect to take up all of their Rights in full will have an opportunity to apply for additional shares (Shortfall Shares).

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: 12 February 2024

Record Date for determining Rights: 5pm (NZDT)/3pm (AEDT) 20 February 2024

Opening Date for the Offer: 21 February 2024

Dispatch of Offer Documents and Entitlement and Acceptance Forms: On or before 27 February 2024

Closing Date for the Offer: 5pm (NZDT)/3pm (AEDT) 13 March 2024

Announcement of results of the Offer: 18 March 2024

Allotment of New Shares, despatch of holder statements and commencement of trading of New Shares:
20 March 2024

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.


Ends

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

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Announcement PDF