NZX Announcement - Notice of Special Meeting of Shareholders
NWF proposes to raise up to approximately $31.4 million through a renounceable rights issue of up to approximately 209,500,000 fully paid ordinary shares in the Company ("New Shares") to holders of existing ordinary shares on a pro-rata basis of eight new shares for every three existing shares held. The New Shares will be offered at a subscription price of $0.15 per share. Only shareholders with a registered address in New Zealand will be eligible to participate.
The potential allotment of New Shares to the Company's cornerstone shareholder, Vector Limited, in accordance with the capital raising requires the approval of shareholders of the Company not associated with Vector Limited under the Listing Rules of NZX Limited and the Takeovers Code. The relevant Listing Rules and Takeovers Code requirements are discussed in the explanatory notes to the Notice of Meeting.
Shareholders are asked to consider and, if thought fit pass, the resolution approving the company allotting New Shares to Vector Limited under the capital raising.
A copy of the Notice of Meeting, proxy form and accompanying independent advisors report/appraisal report have been filed with NZX and are also available on the NWF website www.nzwindfarms.co.nz.
to view Notice of Meeting
to view Independent Advisers Report
to view Proxy Form
For any enquiries contact
Chief Executive Officer
(03) 943 5410