Update regarding manufacturing facility sales contract

PO Box 1387, Gisborne 4040, Aotearoa New Zealand | 0800 RUABIO | www.ruabio.com




FOR PUBLIC RELEASE
NZX Limited
Wellington

22
nd
October 2024


Update: Unconditional sales contract of Rua manufacturing facility

At the time of the release of the Rua Bioscience FY24 Annual Report on 1 October, 2024
the Directors had accommodated a payment date deferral for the deposit to allow the
purchaser (Awa Ora Genesis Kaitiaki Harakeke Trust of Te Araroa) to more explicitly
secure land ownership rights once the lease has been transferred.

At the time of this announcement, land ownership rights have now been explicitly
secured, however Rua has not yet received the 10% deposit that is due under the
contract.

Rua is in regular communication with the purchaser and they have confirmed that full
settlement is expected as contractually agreed on 30 October, 2024.


ENDS  

 
The person who authorised this announcement:

Paul Naske
Chief Executive Officer
paul.naske@ruabio.com
+64 21 445154



MARKET UPDATE