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- Release Date: 12/10/12 18:49
- Summary: S/HOLDER: GFL: GENEVA FINANCE RIGHTS ISSUE PROSPECTUS REGISTERED
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GFL
12/10/2012 16:49
S/HOLDER
REL: 1649 HRS GFNZ Group Limited
S/HOLDER: GFL: GENEVA FINANCE RIGHTS ISSUE PROSPECTUS REGISTERED
GFNZ Group Limited
HEAD OFFICE
6b Pacific Rise, Mt Wellington
P) 0800 800 133 F) 09 573 5380
Media Release 12 October 2012
GENEVA FINANCE RIGHTS ISSUE PROSPECTUS REGISTERED
Today, Geneva registered its Simplified Disclosure Prospectus for a one for
four rights issue. Under this issue which will be at 2.75 cents per share
Geneva will generate $1.5m of new equity.
Takeover Panel approval for Geneva's major shareholder Federal Pacific Group
Limited (Fedpac) to fully underwrite this issue has been received. This
transaction now requires shareholder approval.
The main terms of the Rights Issue are:
oThe Rights Issue is subject to the approval of the shareholders at a meeting
scheduled for the 6th November.
oShareholders are offered 1 new share for every 4 shares.
oOn this basis Geneva will issue up to 56,174,657 shares at 2.75 cents per
share.
oIn addition each for every three new shares subscribed for under this rights
issue, Geneva will issue two Options.
oEach Option will entitle the holder to subscribe for one new share in
approximately 3 years at 8 cents per share.
oGeneva will issue up to 37,449,771 options to subscribers of the new shares
(no payment is made for the Options).
A copy of the rights issue prospectus is available from both the companies
office website and the Geneva website.
The full information package will be mailed out to shareholders no later than
Friday 19th October.
David O'Connell
GFNZ Group Limited
[email protected]
End CA:00228404 For:GFL Type:S/HOLDER Time:2012-10-12 16:49:57
