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- Release Date: 17/03/14 15:06
- Summary: S/HOLDER: NZR: NZR announces mailing of the share purchase plan documents
- Price Sensitive: No
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NZR
17/03/2014 13:06
S/HOLDER
REL: 1306 HRS The New Zealand Refining Company Limited
S/HOLDER: NZR: NZR announces mailing of the share purchase plan documents
NZX announcement
Refining NZ announces mailing of the share purchase plan documents
The New Zealand Refining Company Limited (Refining NZ) (NZX:NZR) will today
be mailing the Share Purchase Plan documents to eligible shareholders.
The Share Purchase Plan (SPP) is the second stage of an equity capital
raising announced to the market on 3 March 2014, and follows the successful
placement of $48 million of new shares to institutional and other qualified
investors.
Eligible shareholders may apply for between $500 and $15,000 of new shares at
the lower of:
- $1.68 per share (being the price paid by investors in the recent
placement); and
- the average end of day market price of Refining NZ's shares traded on the
NZX Main Board, calculated over the period of five business days up to and
including the closing date of 9 April 2014.
The SPP is underwritten to $5 million by First NZ Capital Securities. This
underwriting arrangement does not prevent Refining NZ from accepting
subscriptions under the SPP in excess of $5 million.
The SPP opens on 17 March 2014. Completed application forms and payment must
be received by the share registrar, Computershare Investor Services Limited,
by no later than 5.00pm on 9 April 2014 (unless the closing date is
extended).
ENDS
For further information contact:
Greg McNeill
Communications and External Affairs Manager, Refining NZ
T: 09 432 8311
M: 021 873 623
E: [email protected]
End CA:00248280 For:NZR Type:S/HOLDER Time:2014-03-17 13:06:55
