Rights issue closes raising approximately $1.2m

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






FOR PUBLIC RELEASE


NZX Limited
Wellington

4 December 2024


Rua Bioscience rights issue closes raising approximately $1.2 million

Rua Bioscience Limited (NZX: RUA) announces the successful completion of its 3 for 4
renounceable rights offer at an issue price of $0.025 per new share.

The rights issue raised approximately $1.2 million, comprising entitlements and
oversubscriptions taken up by existing shareholders in addition to a small number of new
shareholders who participated through the shortfall.

Eligible shareholders subscribed for an additional 47,119,179 new shares including
oversubscriptions.

As per the terms of the rights offer, Rua will now allow applications for the remaining
shortfall shares in accordance with NZX Listing Rule 4.4.

The allotment and issue of, and trading in, new shares under the rights issue is expected
to occur on Friday 6
th
December 2024.

Rua Bioscience Chair, Anna Stove commented “On behalf of the Board and the Rua
Bioscience team, I would like to thank our shareholders for their continued support.”

“While the $1.2m raised is a strong vote of confidence from existing shareholders, this is
part of an ongoing journey. The majority of the proceeds will be used to fund working
capital to grow sales. The Board remains confident in securing additional funding
through the placement and are also vigorously pursuing new options for the sale of the
Gisborne manufacturing facility.”

Rua Bioscience remains committed to its export-led growth strategy, leveraging its
expertise in unique genetic development and international partnerships to deliver high-
value medicinal cannabis products to patients.


MARKET UPDATE

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

ENDS  
 

The person who authorised this announcement:

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