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- Release Date: 15/11/12 18:01
- Summary: RIGHT: GFL: GFNZ Grp Rights Issue Update
- Price Sensitive: No
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GFL
15/11/2012 16:00
RIGHT
REL: 1600 HRS GFNZ Group Limited
RIGHT: GFL: GFNZ Grp Rights Issue Update
GFNZ Group Limited
HEAD OFFICE
6b Pacific Rise, Mt Wellington
P) 0800 800 133 F) 09 573 5380
Media Release 15 November 2012
GFNZ GROUP LTD (GENEVA) RIGHTS ISSUE UPDATE
Geneva's fully underwritten one for four rights issue closed on 12 November
2012. A total of 6,551,590 shares were taken up by 357 investors.
As per the underwrite agreement, approved by shareholders on the 6th
November 2012, Federal Pacific Group Limited "Fedpac", will take up the
residual of 49,622,028 shares @ 2.75 cents per share on or before 30 November
2012. This will result in Fedpac increasing their holding in Geneva to
33.67%.
This successful rights issue will result in a total of 56,173,618 ordinary
shares being issued during November 2012 raising $1.54m in new equity. In
addition for every three of these shares held, the holder will have an option
to acquire a further two shares at 8.00 cps. These options can only be
exercised during the 30 day period commencing 3 years from the date of issue
of the shares.
David O'Connell
GFNZ Group Limited
[email protected]
End CA:00229794 For:GFL Type:RIGHT Time:2012-11-15 16:01:00
