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You are here: Home / Investor Relations / NZX Announcements / 2010 / NZX Announcement - Investment Statement and Prospectus

NZX Announcement - Investment Statement and Prospectus

As previously announced, the Company is seeking to raise approximately $31.4 million through an eight for three renounceable rights issue to its New Zealand resident shareholders at a subscription price of $0.15 per share ("Offer").

The Company is pleased to announce that a copy of the combined investment statement and short form prospectus containing the terms of the Offer has today been delivered to the Registrar of Companies at Auckland for registration ("Offer Document").

 

Key dates and times for the Offer are set out below:

 

Record Date 5.00 pm, 7 April 2010
Opening Date 8 April 2010
Rights trading on NZSX commences 8 April 2010
Rights trading on NZSX ceases 27 April 2010
Closing Date 5.00 pm, 29 April 2010
Expected allotment of New Shares 4 May 2010
Expected notification of allotments 4 May 2010
Expected quotation of New Shares 5 May 2010

 

Subject to the Securities Act 1978 and the NZSX Listing Rules, the Company may amend the dates and times specified above at its discretion.  Any changes to the timetable will be announced through NZX.

 

Full details of the Offer are set out in the Offer Document.

 

For any enquiries contact:

 

Steve Cross

Chief Executive Officer

(03) 943 5410

 

ENDS

 

To view a pdf of announcement