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- Release Date: 27/03/13 17:09
- Summary: PLACE: HBY: Hellaby Holdings Placement Closed
- Price Sensitive: No
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HBY
27/03/2013 15:09
PLACE
REL: 1509 HRS Hellaby Holdings Limited
PLACE: HBY: Hellaby Holdings Placement Closed
HELLABY HOLDINGS LIMITED - NZX / Media Release: 27 March 2013
Hellaby Holdings Placement Closed
Hellaby Holdings Limited (NZX: HBY) is pleased to confirm the successful
completion of a targeted placement to raise NZ$40 million to broaden the
shareholder register and position the company for future growth.
The placement was well received by a range of institutional investors in New
Zealand with 13.33 million shares to be issued at a price of $3.00 per share.
UBS New Zealand Limited acted as sole arranger for the placement.
Settlement of the placement is expected to occur on Wednesday 3 April 2013,
with the 13.33 million shares issued under the placement expected to commence
trading on the NZX on 3 April 2013.
In addition to the institutional placement, Hellaby will also offer eligible
New Zealand registered shareholders the opportunity to subscribe for up to
NZ$15,000 worth of shares through a NZ$10 million Share Purchase Plan (SPP).
The price of these shares will be the lower of $2.95, being the institutional
placement price ($3.00) less the amount of the interim dividend ($0.05), or
the average closing price of the five days prior to and including the closing
date of the SPP.
Further details of the SPP are expected to be sent to shareholders in the
coming fortnight.
Ends
For further information please contact:
John Williamson
Chief Executive Officer
Hellaby Holdings Limited
Phone: 09 307 6844
Mobile: 021 271 4960 Richard Jolly
Chief Financial Officer
Hellaby Holdings Limited
Phone: 09 307 6844
Mobile: 0274 976 710
About Hellaby Holdings: www.hellabyholdings.co.nz
Hellaby Holdings ('Hellaby') is an NZX-listed investment holding company,
which owns a diversified portfolio of New Zealand and Australian industrial,
distribution and retail businesses.
Our vision is to be a leading Australasian investor, based on the value we
add to our portfolio, the returns we deliver to our shareholders and the
calibre of our people. Hellaby will generate attractive long-term shareholder
value through a combination of performance improvement and organic growth in
the businesses we own, and through smart acquisitions and divestments. We
describe this strategy simply as 'Buy, Build, Harvest'. We seek to generate
total shareholder returns superior to the NZX50 Gross Index.
We have a variable investment horizon, and our portfolio will evolve over
time. We actively manage our investments through a lean corporate office, and
decentralise leadership and performance accountabilities to our companies.
End CA:00234630 For:HBY Type:PLACE Time:2013-03-27 15:09:57
