TruScreen Announces Share Purchase Plan to NZX Market

Published: 21 April 2017

As previously announced to the market, cervical cancer technology company, TruScreen Limited (NZAX:TRU), proposes to undertake a Share Purchase Plan (SPP), following the recent completion of a successful $4.09 million placement to wholesale investors.

The Record Date for the SPP Offer is 5pm on Friday 5 May 2017.

A copy of the Appendix 4 Notice required in terms of the NZAX Listing Rules accompanies this announcement and can be downloaded from the NXZ Portal.

The SPP is the second stage of TruScreen’s equity capital raising programme.

Under the SPP, existing retail shareholders of the company are being invited to subscribe for up to $15,000 of new shares at 16 cents per share, the same pricing as the recent placement.

Chairman of TruScreen, Mr Robert Hunter, said: “The capital raising has been structured to provide existing shareholders the same opportunity to participate and share in the growth of our company, and we were very pleased with the support we received for the placement.

“The funds raised from the placement and SPP will be used to strengthen TruScreen’s balance sheet, fund sales and marketing initiatives, expand manufacturing capabilities and continue improvement to the devices performance. The development of our second generation TruScreen2 device has opened up a number of new and significant opportunities.”

Key Dates
Record Date for participation in the SPP – 5pm on 5 May 2017
Mailing of SPP and Forms to eligible shareholders – 8 May 2017
Offer Period – 8 May 2017 to 26 May 2017
Allotment Date – On or before 2 June 2017