GEO - Renounceable Rights Offer and Warrant Issue

Wednesday 22nd March 2023

As per its announcement of 10 March 2023, Geo Limited (“GEO”) is undertaking a 1 for 4 Pro Rata Renounceable Rights Issue. In addition, 1 warrant will be issued for every 5 New Shares allotted under the Rights Issue. Capitalised terms in this memorandum are defined in GEO’s offer documentation.

Under the Offer, Eligible Shareholders are being invited to subscribe for New Shares, at an Offer Price of $0.033 per share. Shareholders who subscribe for New Shares under the Offer, will then be allocated 1 Warrant (“GEOWB”) per 5 New Shares subscribed. A Warrant may be exercised in the future to receive a Share in GEO of the same class as already quoted on the NZX Main Board.

The rights (“GEORC”) and GEOWB Warrants will not be quoted on the NZX main board. As such, an NZX quotation notice will not be released for either security.

A timetable of events is attached.

Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries.

ENDS

GEO - Renounceable Rights Offer and Warrant Issue

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