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Rua Bioscience Limited — Regulatory Filings 2024
Oct 21, 2024
66262_rns_2024-10-22_43873f5e-eb9b-4928-a193-123bfbc2b7fc.pdf
Regulatory Filings
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MARKET UPDATE
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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 [email protected] +64 21 445154
PO Box 1387, Gisborne 4040, Aotearoa New Zealand | 0800 RUABIO | www.ruabio.com