Abano seeks $18.5 mln in share purchase plan, placement to institutions at 8.6 percent discount

Tue, 27 Aug 2013

Aug. 28 (BusinessDesk) - Abano Healthcare, the specialist health clinic investor facing a potential takeover tilt, wants to raise up to $18.5 million at an 8.6 percent discount in a share purchase plan and placement to institutions and eligible investors. The Auckland-based company raised $9.25 million at $5.95 a share in an underwritten placement to selected institutions and sophisticated investors, and is seeking another $9.25 million from shareholders at the same price, it said in a statement. That’s a discount to the last trading price o...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

Law & Regulation
Misconduct complaint upheld against quake claims lawyer
Victoria Young | Thu, 24 Sep 2020

However, Grant Shand says it's a win. 

Policy
Govt's pumped hydro scheme 'disturbing, dreamland' project - Mercury
Gavin Evans | Thu, 24 Sep 2020

The government’s pursuit of a $4 billion-plus pumped hydro scheme in Central Otago is a “disturbing blast from the past,” Mercury director warns.

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.