Entry into Subscription Agreements

Goodwood Capital Limited
PO Box 105 745
Auckland 1143
https://goodwoodcapital.co.nz/
30 November 2020
Entry into Subscription Agreements
On 24 November Goodwood Capital Limited (NZX: GWC) released its Notice of Annual Meeting to
the market.
As signalled in resolution 7 of the Notice of Meeting, the Board is seeking approval to issue the
following shares at an issue price of $0.02 per share:
 Up to 6,250,000 new ordinary shares to wholesale investors; and
 Up to 6,250,000 new ordinary shares to Mounterowen Limited.
GWC is pleased to advise that:
 it has entered into agreements with a number of wholesale investors to subscribe for
5,000,000 new ordinary shares in GWC at an issue price of $0.02 per share. The issue of
these shares will raise $100,000 of new capital which will be applied towards funding the
ongoing working capital requirements of GWC; and
 It has also entered into an agreement with Mounterowen Limited to capitalise $100,000
of GWC’s debt to Mounterowen’s into 5,000,000 new ordinary shares in GWC at an issue
price of $0.02 per share.
The aforementioned subscription arrangements are conditional upon the shareholders of GWC
approving the issue of the shares at the Annual Meeting to be held on 9 December 2020.
For further information please contact:

Sean Joyce
Chair
Goodwood Capital Limited
PO Box 105 745
Auckland 1143

Email: sean@corporate-counsel.co.nz

Mob: +64 21 865 704