Kathmandu accepts oversubscriptions in share purchase plan, raising $50M

Tue, 17 Apr 2018

By Paul McBeth April 18 (BusinessDesk) - Kathmandu Holdings will take up the full oversubscription in a share purchase plan, raising $50 million to help fund its purchase of US footwear supplier Oboz Footwear. The Christchurch-based company today said it accepted $2 million in oversubscriptions for its share purchase plan, taking total subscriptions to $10 million. That's on top of $40 million raised from institutional investors in a placement. Shares were sold in both offers at $2.16 apiece, a 10 percent discount to where the shares tra...

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