Truscreen Limited (NZX:TRU) is pleased to announce the opening of a $2.0 million share purchase plan (“SPP”) today.
Eligible New Zealand shareholders and Wholesale investors in Australia will receive their personalised application forms to apply for up to a maximum of NZ$50,000 of new shares per shareholder, at $0.05 per share. The issue price comprises a 51.22% discount on the five day volume weighted average price of TRU shares traded on the NZX during the last five trading days prior to the date of this announcement.
The SPP Offer Document will be sent to eligible shareholders today and can be found online at www.truscreenshareoffer.co.nz.
The funds raised from the SPP will be applied towards:
• Growing and increasing TruScreen’s presence in the Chinese market;
• Developing other global markets with a focus on Vietnam, Russia and India; and
• Providing additional working capital.
The key dates for the SPP offer are as follows:
Record Date – Friday, 24 April 2020
SPP Offer Opens – Tuesday, 28 April 2020
SPP Offer Closes -Thursday, 14 May 2020
Allotment of Shares – Thursday, 21 Mary 2020
Commencement of trading share on NZX – Thursday, 21 May 2020
A copy of the:
- Corporate Action Notice
- the Cleansing Notice
- the Offer Document
- the Application Form
- Investor Presentation
accompany this announcement.