Truscreen announces $2 million Share Purchase Plan

NZX Announcement Market Release 28 April 2020 Truscreen announces the opening of a $2.0 million Share Purchase Plan 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: o Growing and increasing TruScreen's presence in the Chinese market; o Developing other global markets with a focus on Vietnam, Russia and India; and o Providing additional working capital. The key dates for the SPP offer are as follows: Key Dates 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 May 2020 Commencement of trading of shares on NZX Thursday, 21 May 2020 A copy of the Corporate Action Notice, the Cleansing Notice, the Offer Document and Application Form, and the Investor Presentation accompany this announcement. Ends For investor relations queries please contact: Guy Robertson Chief Financial Officer Tel: +61 407 983 270 End CA:00352191 For:TRU Type:OFFER Time:2020-04-28 08:31:20