ME Today SPP offer letter
7900801
13 July 2020
[ ]
CSN/Holder Number: [ ]
Entitlement number: [ ]
Dear Shareholder
Me Today Limited (Me Today) has raised $4 million under a retail offer to select investors which was
completed on 10 July 2020. Me Today is also undertaking a share purchase plan targeting $250,000 to
eligible existing shareholders, with potential to accept up to $250,000 of oversubscriptions.
Investor Presentation
An Investor Presentation (available at www.metodayshareoffer.co.nz) contains information about the
strategic rationale for the capital raise, including the intended use of the proceeds. You should read the
presentation carefully before making any decision about applying for new shares.
Share Purchase Plan
Me Today invites eligible existing Me Today shareholders as at 5.00 pm on 7 July 2020 to apply for up to
$50,000 of new Me Today shares at an issue price of 9.5 cents per share (the same offer price as the retail
offer). The minimum application amount is $500.
To apply for new shares, you must do so online at www.metodayshareoffer.co.nz, before 5.00pm on Friday
24 July 2020. To apply you will need your CSN/Holder Number and Entitlement Number printed above.
Terms and conditions and other important information applying for new shares in the share purchase plan
are set out on the following pages.
Sale of less than Minimum Holdings
Under Me Today’s constitution and the NZX Listing Rules, Me Today is permitted to exercise its power of
the sale of shares held by any person with less than a “Minimum Holding” of $1,000.00.
If you currently hold less than 8,000 shares, in accordance with clause 14.1 of Me Today’s constitution and
NZX Listing Rule 8.1.6(c), the Board gives you notice that at the expiration of three months after this notice,
the Board will, unless you participate in the Share Purchase Plan or otherwise increase your shareholding to
at least 8,000 shares, before 15 October 2020, exercise its power to sell your shares. Me Today will pay the
proceeds to you, after deducting reasonable sale expenses if the amount payable exceeds $2.50.
If you have questions arising from this letter, please contact Me Today’s share registry, Link Market
Services, at enquiries@linkmarketservices.com.
Yours sincerely
Me Today Limited
Stephen Sinclair
Company Secretary
2
KEY INFORMATION
The Offer An offer of up to $50,000 of New Shares per Eligible Shareholder.
The minimum application amount is $500 of New Shares.
Who can participate? Shareholders at 5.00pm on the Record Date recorded in Me Today’s share register
as being a registered holder of Shares and having an address in New Zealand.
Issue price 9.5 cents per New Share
New Shares The same class as (and rank equally with) existing quoted Shares on the Issue Date
Amount of New Shares being
offered
$250,000 is being sought, but Me Today has discretion to accept up to $250,000 of
oversubscriptions.
If excess applications are received, scaling will be applied having regard to Eligible
Shareholders’ shareholdings on the Record Date.
When to apply Applications must be received by 5.00pm on the Closing Date (24 July 2020).
How to apply Application must be made online at www.metodayshareoffer.co.nz.
To complete an online application, you will be required to enter your CSN/Holder
number and an entitlement number, each as shown at the header of this letter.
Payment must be by direct debit from a NZ bank account.
DATES
Record Date for eligibility 5.00 pm, 7 July 2020
Opening date 13 July 2020
Closing Date 5.00 pm, 24 July 2020
Allotment and Issue of New Shares 31 July 2020
Quotation of New Shares 31 July 2020
Statements mailed By 7 August 2020
Dates are subject to change and are indicative only. Me Today reserves the right to amend this timetable (including by
extending the Closing Date) subject to applicable laws and the NZX Listing Rules. Me Today reserves the right to withdraw the
Offer and issue New Shares at any time before the Issue Date in its absolute discretion.
TERMS AND CONDITIONS
1 Key Information and Important Dates
The Key Information and Important Dates sections above
form part of these terms and conditions.
2 Eligible Shareholders
Joint holders of Shares are taken to be a single registered
holder of Shares for the purposes of determining whether
they are an Eligible Shareholder.
If you are an Eligible Shareholder, your rights under this
offer are personal to you and you may not transfer them.
3 Applications
Eligible Shareholders may apply to purchase up to $50,000
of Shares under the Offer, with a minimum application of
$500. Eligible Shareholders may only make one
application. This applies to all Eligible Shareholders,
including those who receive more than one offer under
the Offer (for example, because they hold Shares in more
than one capacity). Any application in excess of $50,000
will be deemed to be an application for $50,000.
Application monies received will be held in a trust account
with Link until the corresponding New Shares are allotted
or the application monies are refunded. All interest
earned on the application monies will be retained by Me
Today. Any refunds of application monies will be made
within 5 business days of the issue of New Shares (or such
earlier date that the decision not to proceed with the Offer
is made).
4 Applying and paying for New Shares
To participate in the Offer you must apply at
www.metodayshareoffer.co.nz.
You will be required to enter your CSN/Holder number and
an entitlement number, each as shown on this letter.
Payment must be by direct debit.
3
5 Discretion to accept or reject applications
Me Today has complete discretion to accept or reject your
application to purchase New Shares under the Offer,
including (without limitation) if:
your direct debit is dishonoured;
it appears that you are applying to buy more than
$50,000 (in aggregate) of New Shares;
Me Today believes that you are not an Eligible
Shareholder; or
Me Today considers that your application does not
comply with these terms and conditions.
No interest will be paid on any application monies
returned to you. Any refunds for whatever reason will be
paid to you by direct credit to your bank account or by
cheque mailed within 5 business days of the Issue Date.
6 Significance of applying
If you apply to purchase New Shares under the Offer:
your application, on these terms and conditions, will
be irrevocable and unconditional;
you certify that you are an Eligible Shareholder entitled
to apply for New Shares;
you certify that your application will not be, or cause,
a breach of any law in any jurisdiction;
you certify that you are not applying for New Shares
under the Offer with an aggregate application amount
in excess of $50,000 ;
you authorise Me Today to correct any error in, or
omission from, your application;
you acknowledge that none of Me Today, its advisors
or agents has provided you with investment advice or
financial product advice; and
you irrevocably and unconditionally agree to these
terms and conditions.
7 The New Shares
New Shares issued under the Offer will rank equally with,
and have the same rights as, existing fully paid Shares in
Me Today.
The New Shares have been accepted for quotation on the
NZX Main Board. However, NZX accepts no responsibility
for any statement in this document.
8 Oversubscriptions and scaling
The amount sought under the Offer is $250,000, although
Me Today may accept up to $250,000 of
oversubscriptions.
If applications in excess of $500,000 are received, scaling
will be applied having regard to Eligible Shareholders’
shareholdings on the Record Date.
9 Amendments to Offer
Notwithstanding any other term or condition of the Offer,
Me Today may, at its discretion:
make non-material modifications to the Offer on such
terms and conditions it thinks fit; and/or
suspend or terminate the Offer at any time prior to the
issue of the New Shares under the Offer. If the Offer is
terminated, application monies will be refunded to
applicants without interest within 5 business days of
termination.
Me Today reserves the right to waive compliance with any
provision of these terms and conditions.
Me Today will notify NZX of any waiver, amendment,
variation, suspension, withdrawal or termination of the
Offer.
10 Governing Law
These terms and conditions shall be governed by and
construed in accordance with the laws of New Zealand.
11 Glossary
“Closing Date” means 5.00 p.m. on 24 July 2020, unless
extended.
“Eligible Shareholder” means a Shareholder who, at
5.00pm on the Record Date, was recorded in Me Today’s
share register as a registered holder of Shares with a New
Zealand address.
“Issue Date” means 31 July 2020, unless extended.
“Issue Price” means 9.5 cents per New Share.
“LINK” means LINK Market Services Limited.
“Listing Rules” means the NZX Main Board Listing Rules.
“Me Today” means Me Today Limited (New Zealand
company number 1955467).
“New Share” means an ordinary share in Me Today
offered under the Offer and of the same class (and
ranking equally in all respects with) Me Today’s quoted
existing shares at the time of the issue of the New Shares.
“NZX” means NZX Limited.
“NZX Main Board” means the main board equity security
market operated by NZX.
“Offer” means the share purchase plan detailed in this
letter.
“Record Date” means 5.00 p.m. 7 July 2020.
“Share” means one ordinary fully paid share in Me
Today.
“Shareholder” means a registered holder of Shares on
issue.
All references to time are to New Zealand time, references
to currency are to New Zealand dollars, and any references
to legislation are references to New Zealand legislation
unless stated or defined otherwise.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- SVR — Savor Limited: Moa Group market update & renounceable rights issue2020-04-19
“3 KEY TERMS OF THE OFFER The Offer A pro-rata renounceable rights issue of 1 New Share for every 3 Existing Shares held on the Record Date Eligible Shareholder Shareholders with registered addresses in New Zealand or Australia ( or as Moa may otherwise det…”
- APL — Asset Plus: Special Meeting of Shareholders – Online Only2020-09-24
“CSN Holder Number: xxxxxxxx Entitlement Number: xxxxx Dear Shareholder, ASSET PLUS LIMITED ENTITLEMENT OFFER AND SPECIAL MEETING OF SHAREHOLDERS (ONLINE ONLY) On behalf of the Board of Asset Plus Limited, I would like to remind you of the opportunity to participate in…”
- CVT — Comvita Limited: Comvita announces NZ$50 million equity raising2020-05-27
“6 PART 2: OFFER AT A GLANCE Issuer Comvita Limited The Offer A pro-rata entitlement offer of 1 New Share for every 4.15 Existing Shares held by an Eligible Shareholder at 5:00pm (NZST) on the Record Date (with fractional entitlements being rounded down to the…”