Me Today completes Rights Issue
27 June 2022
Me Today completes Rights Issue
Auckland, New Zealand: Me Today Limited (NZX: MEE) is pleased to announce that it has raised
approximately $6.74m from the rights issue which closed on Thursday 23 June.
The funds were raised from largest shareholder MTL Securities Limited ($4.2m) together with $2.5m
from over 300 existing shareholders. The raise was also well supported from the Me Today
shareholder base within the Sharesies platform. The new shares arising from the rights issue will be
allotted on 29 June 2022.
CEO Michael Kerr said "Me Today was pleased with the support received from existing shareholders.
The $6.74m raised meets the immediate cashflow requirements of the group and will enable
continued investment in the group's Supplement, Skincare and Manuka Honey brands."
Me Today Limited has engaged capital markets advisory firm CM Partners to complete a bookbuild
relating to some or all of the $3.26m capital raising shortfall at the same price of 1 cent per share
that applied to the Rights Issue. The bookbuild will be completed by this Friday the 1st of the July
with the results announced to the market on Monday the 4th of July. The further funds will be
applied to investment into international opportunities for the group.
For further information, please contact:
Michael Kerr
CEO, Me Today Limited
021 836 451
Michael@metoday.com
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.
- NZM — NZME Limited: AMENDED: Capital Change Notice2022-09-15
“Capital Change Notice Acquisition of Ordinary Shares This notice is given under NZX Listing Rule 3.13.1 and 65(2) of the Companies Act 1993, and relates to the acquisition of ordinary shares in NZME Limited under the on-market share buy-back programme announced by NZME…”
- NZM — NZME Limited: NZME share buyback to commence on 4 April 20222022-03-28
“NZME Limited. 2-4 Graham Street, Private Bag 92198, Victoria Street West, Auckland. 1 MARKET ANNOUNCEMENT NZME share buyback to commence on 4 April 2022 AUCKLAND, 29 March 2022: In accordance with Listing Rule 4.14.2, NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) advises…”
- NZM — NZME Limited: Notice of on-market share buyback2022-04-18
“Capital Change Notice Acquisition of Ordinary Shares This notice is given under NZX Listing Rule 3.13.1 and 65(2) of the Companies Act 1993, and relates to the acquisition of ordinary shares in NZME Limited under the on-market share buy-back programme announced by NZME…”