Investors who participated in the Cannasouth Limited (NZX:CBD) 2023 Rights Offer and General Retail Offer were advised of their New Shares and attached and unquoted Share Options (“Options”) which were issued with their allotted Shares, via CBD’s Share Registry, Link Market Services, on 31 May 2023.
The exercise price for the Options is $0.29 per Option and they may be exercised between 1 December 2023 and 31 May 2026 (i.e., in the period commencing 6 months from the date of issue and ending 36 months after the date of their issue).
Option holders who wish to exercise their Share Options may do so by completing payment on the website here.
The Share Options can be exercised on a monthly basis at any time up until the Expiry Date. In respect of any Share Options that are exercised, the new Shares to be issued following the exercise of the Share Options will be issued and allotted by the Company on the last business day of the month in which the respective Share Options are exercised.