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Sky TV offers cheap shares to raise $157m, talks up next phase

Gavin Evans
Thu, 21 May 2020

Gavin Evans
Thu, 21 May 2020
Sky Network Television plans to raise $157 million through an underwritten and deeply discounted share offer to shore up its balance sheet while national and international sporting events are restricted, and to prepare a new broadband product.The offer is priced at 12 cents a share – a 63 percent discount to yesterday’s closing price at 33 cents – and will increase the stock on issue four-fold. It is structured as a $9 million placement to institutions and a $148 million pro-rata entitlement offer at 2.83 new shares for each s...

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400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

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Personalised audio at a relatively affordable price point. It's a winning combination.

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We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.