Overview of Top Shelf International Holdings' Target Market Determination

Top Shelf International Holdings Limited (ASX: $TSI) has released a Target Market Determination (TMD) regarding the issuance of free-attaching options to acquire fully paid ordinary shares in connection with the Entitlement Offer. The TMD outlines the conditions and restrictions for the distribution of the Attaching Options, as well as the review process to ensure its appropriateness. The Company's Prospectus, dated 29 May 2024, provides comprehensive details about the Offer and the Attaching Options.

Executive Commentary on Target Market Determination

The Target Market Determination (TMD) is a regulatory requirement that provides clarity on the class of retail clients for whom the Attaching Options have been designed. It ensures that the distribution of the options aligns with the needs, objectives, and financial situation of the target market. The conditions and restrictions outlined in the TMD aim to facilitate the issuance of Attaching Options to eligible participants who meet specific criteria, as detailed in the Prospectus. We are committed to reviewing the TMD to maintain its appropriateness and compliance with regulatory standards.

Summary of Target Market Determination and Outlook

Top Shelf International Holdings (ASX: $TSI) has issued a Target Market Determination (TMD) to define the retail client segment for the free-attaching options offered in connection with the Entitlement Offer. The TMD outlines the eligibility criteria and distribution conditions, ensuring that the product is likely to be issued to investors in the target market. The Company emphasizes the importance of retail clients carefully reading the Prospectus and seeking professional advice before participating in the Offer. As part of its commitment to regulatory compliance, TSI will review the TMD to address any changes in key attributes, distribution, or regulatory requirements. Retail clients are encouraged to consider their investment objectives, financial situation, and needs before deciding to participate in the Offer, as the Attaching Options may not be suitable for all investors.