GFL 0.00% 30.0¢ geneva finance limited ordinary shares

Ann: RIGHT: GFL: Geneva Finance announces its rig

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    • Release Date: 14/05/14 19:12
    • Summary: RIGHT: GFL: Geneva Finance announces its rights issue settles in full
    • Price Sensitive: No
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    					GFL
    14/05/2014 17:12
    RIGHT
    
    REL: 1712 HRS GFNZ Group Limited
    
    RIGHT: GFL: Geneva Finance announces its rights issue settles in full
    
    Media Release 14 May 2014
    
    GENEVA FINANCE ANNOUNCES ITS RIGHTS ISSUE SETTLES IN FULL
    
    NZAX-listed auto loan provider GFNZ Group Ltd (Geneva) advises that its 11:18
    rights issue, raising a further $6 million of equity has settled.
    
    This equity placement, further strengthens Geneva's balance sheet and
    represents  another milestone in the company's development, which over the
    last four years, has seen Geneva work hard to reposition and rebuild its
    operations
    
    Under the rights issue Geneva has issued a further 202.2 million ordinary
    shares, of which Fedpac were allocated 182.8m shares today, raising it's
    total stake in Geneva to 57.4%.
    
    The rights issue and Fedpac's underwrite agreement were approved at the
    shareholders meeting held on 29th April 2014.
    
    ends
    About Geneva
    Geneva is a New Zealand-owned finance company that provides finance and
    financial services to the consumer credit and small to medium business
    markets. Geneva commenced business on 7 October 2002. Geneva's loans are
    originated through three distribution channels (Direct, Broker and Dealer),
    processed by the central sales desk then administered through a national
    operations centre located at Mt Wellington, Auckland.
    Geneva (GFL) is listed on the NZAX. Following the rights issue, there are
    483,040,761 issued shares held by 2,356 investors.
    
    About Federal Pacific
    
    FedPac's operations throughout the Pacific region include investments in
    Banking, Personal and Business Finance, Money Transfer and Foreign Exchange
    Trading. The company was incorporated in 1993 and is based in Auckland, New
    Zealand.
    
    Alexander Communications
    Kate Alexander
    +64 (0)27 244 6094
    [email protected]
    
    For further information:
    End CA:00250456 For:GFL    Type:RIGHT      Time:2014-05-14 17:12:17
    				
 
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