THC Global Share Purchase Plan Update
Sydney, April 18, 2019 AEST (ABN Newswire) - THC Global Group Limited (THC Global or the Company) (
ASX:THC) (9TH:FRA) (HDRPF:OTCMKTS) provides an update on its offer to Eligible Shareholders to apply for up to $15,000 of new Shares at $0.50 under a Share Purchase Plan offer (the SPP Offer).
The Directors of the Company and the Chief Executive Officer have confirmed they will participate in the SPP Offer.
The SPP Offer is expected to close on Friday, 26 April 2019. An indicative timetable is below:
4 April 2019 Record Date
5 April 2019 Announcement of The Share Purchase Plan
9 April 2019 Documents Mailed to Eligible Shareholders
9 April 2019 Opening Date for Acceptances
26 April 2019 Closing Date for Acceptances
6 May 2019 Allotment and Issue of New Shares
6 May 2019 Quotation of New Shares On ASX
9 May 2019 Dispatch of Shareholder Statements
Indicative timetable and is subject to change. The Company reserves the right to vary the dates above, subject to any regulatory or statutory provisions that may apply.
If shareholders have any queries with respect to the SPP Offer, please contact 1300 375 910 or +61 3 9415 4386. Applications can be made online at the Company's website: thc.global/2019SPP with payments processed by BPAY.
About THC Global Group Limited
THC Global Group Limited (ASX:THC) (OTCMKTS:HDRPF) (FRA:9TH) operates under a 'Farm to Pharma' pharmaceutical model, now holding all three key cannabis licences being a Cannabis Research Licence, a Medicinal Cannabis Licence (Cultivation), and a Manufacture Licence through its domestic medicinal cannabis subsidiaries THC Pharma and Canndeo. THC Global has secured a significant cannabis growing capacity over multiple cultivation projects and owns a pharmaceuticals bio-manufacturing facility with attached testing and product development laboratory. THC Global is in prime position to commence medicinal cannabis production to service both domestic patients and the global export market. THC Global is active globally with operations in Australia, New Zealand, and Canada and partnerships across Europe, Asia, and the Middle East. In addition to its core Australian medicinal cannabis assets, THC Global has a significant Canadian presence – both in cannabis and in hydroponics equipment. THC Global's Canadian cannabis operation, Vertical Canna, holds property in Nova Scotia, Canada being developed into a large scale cannabis production site. THC Global's hydroponics equipment division, Crystal Mountain, is a revenue generating manufacturer, wholesaler, and retailer of hydroponic equipment and supplies.
| ||
|
