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TruScreen Group Limited (NZX: TRU) Offer Closes Significantly Oversubscribed

Tuesday 22nd December 2020

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TruScreen Group Limited is pleased to advise that the Offer as outlined in the Product Disclosure Statement (PDS) announced on 11 November 2020, has closed significantly oversubscribed.

The Offer was conditional on listing on the ASX as outlined in the PDS, and the ASX has previously confirmed that the Company will be admitted to the ASX subject to certain conditions. The Company will meet the conditions as outlined in the NZX announcement of 15 December 2020, before 30 December 2020.

The Company received subscriptions for approximately NZ$3.2m (Maximum Offer is NZ$2m), with both the Australian and the New Zealand pools being oversubscribed. The Company will add a further 375 new Australian shareholders to the register, bringing the total number of Australian shareholders to 435. Due to the structure of the raising, New Zealand applicants will unfortunately be scaled back by approximately 65%.

In total the Company will issue 28,571,428 new shares at NZ$0.07 (A$0.065) each. This will bring the total issued capital to 360,966,253 fully paid ordinary shares.

As outlined in the PDS the Company, through its share registry Link Market Services will complete the share allocations and refunds, where appropriate, before 30 December 2020.

The dual listing on the ASX is anticipated to be 6 January 2021.

See the link below for more details:

Offer Closes Significantly Oversubscribed

Source: TruScreen Group Limited



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