Unconditional sales contract of Rua manufacturing facility

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




FOR PUBLIC RELEASE
NZX Limited
Wellington

31
st
October 2024

Update: Unconditional sales contract of Rua manufacturing facility

At the time of this release Rua Bioscience has not received the settlement funds from the
the purchaser, Awa Ora Genesis Kaitiaki Harakeke Trust of Te Araroa, for the purchase of
the Gisborne manufacturing facility.

The contract is for $1.3 mill and was due to be paid in full by 5pm yesterday, 30th
October 2024.

The Board have received assurances from the Trust that they intend to complete the
purchase of the property and have requetsed further time before settlement.

The Board is now considering their legal options in this situation and are also in parallel
working with other credible parties on an alternate purchase plan.

The Board will update the market as soon as new information is received.


ENDS  

The person who authorised this announcement:

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

MARKET UPDATE