- 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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