Wynyard completes capital raising

TOM PULLAR-STRECKER
Last updated 09:36 14/03/2014

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Trading in Wynyard shares will resume on the NZX at 10am today after the software firm completed its $30 million capital-raising.

The company said it successfully placed 11.1 million new shares to institutional and qualified investors in New Zealand, Australia and Britain at $2.70 per share.

It will raise a further $5m from eligible New Zealand-registered shareholders by offering them up to $15,000 of new shares priced at $2.70 or the average closing price in the five days prior to the closing date of the share purchase plan, whichever is lower.

Further details regarding the share purchase plan would be sent to shareholders in the coming month, it said.

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- Fairfax Media

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