Partially underwritten pro-rata renounceable rights issue

Friday 10th March 2023

Geo to launch a partially underwritten pro-rata renounceable rights issue

Further to its announcement on 1 March 2023, Geo Limited (NZX: GEO ) (Geo) is pleased to announce its intention to launch a one (1) for four (4) pro-rata renounceable rights issue to raise up to approximately NZ$1.51 million. In addition, 1 warrant (Warrant) will be issued for every 5 New Shares allotted under the pro-rata renounceable rights issue that may be exercised in the future to receive a fully paid, ordinary share in Geo (together, the Rights Issue). The Rights Issue has been partially underwritten by North Ridge Partners Pty Ltd.

An offer document will be issued by Geo and released to the market in due course. Shareholders should read the offer document in full before deciding what actions to take with their rights.

Details of the Rights Issue and key dates are set out in the table in the attached PDF.

The dates in the attached PDF are subject to change at the discretion of Geo, subject to compliance with NZX Listing Rules requirements. Geo reserves the right to withdraw the Rights Issue at any time prior to the issue of New Shares under the Rights Issue at its absolute discretion.

A copy of the Corporate Action Notice and the Cleansing Notice accompany this announcement.

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