Wynyard completes capital raising

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

Relevant offers

Industries

Technological changes disrupting the energy sector: Vector Deal between Spark and Netflix would be 'no surprise' says analyst Cadbury backlash a win for Kiwi chocolate brand Whittaker's Airways profit lifts as aircraft movements break records Samurai wasp vs stink bug: Government eyes bio-control for insect invasion NZME delivers stable operating performance ahead of merger ruling Chemwash Hamilton fronts up over fish kill spill Tesla holds huge key party in Auckland Port of Tauranga still on the lookout for more hubs Sky TV boss says appealing merger ruling would be like having 'root canal work'

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.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content