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MMJ News 19/02/2020

Secondary Trading Notice Pursuant to Section 708A(5)(e) of the Corporations Act

MMJ Group Holdings Limited (ASX:MMJ) (“MMJ” or the Company”), an Australian-listed company that specialises in managing a portfolio of investments along the cannabis value-chain, gives this notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Corporations Act”) and ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547.

On 14 February 2020 the Company announced that it is undertaking a share purchase plan (“SPP”). The Company advises that it proposes to issue up to a maximum of 67,319,695 fully paid ordinary shares in the capital of the Company (“Securities”).

The Company advises that the Securities will be issued without disclosure to investors under Part 6D.2 of the Act.

The Company, as at the date of this notice, has complied with:

  1. the provisions of Chapter 2M of the Act as they apply to the Company; and
  2. section 674 of the Corporations Act.

Other than as noted below, as at the date of this notice there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

MMJ notes however that in its ordinary course of business it continually evaluates growth opportunities, some of which may at some future time prove to be material and therefore price sensitive. At the date of this statement, no such evaluations are sufficiently certain or material to warrant disclosure to the market.


Read the full ASX Release here

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