Air NZ shares sell at premium in bookbuild

Ella Somers
Thu, 05 May 2022

Air New Zealand shares have dropped to match the price set in a bookbuild allocating the rights not taken up in the airline’s $1.2 billion equity offering. Investors bought 274 million shares at 81 cents each in the shortfall bookbuild, meaning those Air NZ shareholders who chose not to take up their right to buy cheap shares will receive the 28 cent premium. The airline’s shares had been at 87 cents before trading was halted to allow the bookbuild to take place, and they dropped 6.9% to 81 cents in midday trading on the N...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector
Another class action against A2, this time in Auckland
Rebecca Howard | Wed, 18 May 2022

The opt-in class action has been filed in the Auckland High Court and already includes one financial institution. 

Infrastructure
Argosy's property income slips as portfolio's value rises
Jenny Ruth | Wed, 18 May 2022

Argosy will pay out more in dividends than adjusted funds from operations, as foreshadowed a year ago.

Primary Sector
Fed Farmers' Lewis stepping down after 17 years
Rebecca Howard | Wed, 18 May 2022

Federated Farmers board member Chris Lewis said it was time for change within the organisation.

Partner content
What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.