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Truscreen Group Limited (ASX:TRU)

ALERT: Price-sensitive ASX Announcement for TRU
Current share price for TRU : $0.013 -0.003 (-18.75%)+
Announcement
Release
28 Jul 2025 10:41AM
Price at Release
$0.016
Full Release
download
Summary
Truscreen Group Limited (NZX/ASX: TRU) released a Corporate Action Notice that informs shareholders about a pro rata non-renounceable rights issue. The offer is for eligible shareholders to subscribe for 1 new share for every 5.4 shares held as of the record date at an issue price of NZ$0.035 per share. The company intends to raise approximately NZ$2.6 million before costs, and the proceeds will be used to support the company’s ongoing product development, commercialization activities, and working capital. The rights issue is partially underwritten, and the timetable for key dates such as the ex-date, record date, opening, and closing of the offer is provided. The announcement also details the rights, liabilities, and obligations attached to the new shares, as well as eligibility criteria for shareholders in New Zealand and Australia. The notice includes disclosures required under the NZX Listing Rules and ASX Listing Rules, such as director participation and underwriting arrangements. No shareholder approval is required for the offer, and the offer does not require a prospectus under the Financial Markets Conduct Act 2013.
Key Points
  • Truscreen Group Limited is announcing a pro rata non-renounceable rights issue to shareholders.
  • Eligible shareholders can subscribe for 1 new share for every 5.4 shares held.
  • The issue price is NZ$0.035 per new share.
  • The company aims to raise approximately NZ$2.6 million before costs.
  • Funds will be used for product development, commercialization, and working capital.
  • The rights issue is partially underwritten.
  • Key offer dates, including ex-date, record date, and offer closing, are specified in the notice.
  • New shares will carry the same rights and obligations as existing shares.
  • Eligibility is limited to shareholders in New Zealand and Australia as at the record date.
  • The announcement fulfills disclosure requirements under NZX and ASX Listing Rules.
  • No shareholder approval or prospectus is required for this rights issue.
  • Director participation and underwriting arrangements are disclosed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.