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Me Today announces equity raising to accelerate growth

Wednesday 8th July 2020

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Me Today Limited (Me Today) has today announced its intention to raise up to $4.5 million through an issue of new ordinary Me Today shares (New Shares). The capital raising comprises a retail offer to selected investors of up to $3 million, with potential to accept over subscriptions of $1 million (Retail Offer) and a share purchase plan targeting $250,000 to eligible existing shareholders, with potential to accept up to $250,000 of over subscriptions (SPP) (together the Offer). 

The Offer price of 9.5 cents per New Share is a 26.4% discount to the closing price of Me Today’s shares on the NZX on 7 July 2020 and a 28.1% discount to the 10 day VWAP to 7 July 2020.

Chairman, Grant Baker said “Me Today’s unique cross category offering is well positioned to gain market share in the growing and attractive health and wellness space. Me Today continues to invest in developing its range of complementary products, with an additional 9 supplement products launched or to be launched over the June to September period, along with the launch of new Serum and Sunscreen ranges planned for later in the year. The recent announcement of NZ rugby star Beauden Barrett as a global ambassador of Me Today has further raised the brand’s profile, which will continue to be built on through investment in digital and social marketing campaigns.”

See the link below for detail

Equity Raising Market announcement

If you are interested in more detail and participating in this offer please contact Equity Investment Advisers Limited for more information


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