Infratil kicks off $400M equity raising, reports flat operating earnings

Thu, 16 May 2019

By Gavin Evans May 17 (BusinessDesk) - Infratil plans to sell about 100 million new shares at $4 each to help fund its $3.4 billion purchase of Vodafone New Zealand. The underwritten offer is structured as a $100 million placement of 25 million shares to institutions. The balance will come from an accelerated renounceable entitlement offer, which existing shareholders can subscribe for at a rate of one new share for every 7.46 shares held at the close of trading on Tuesday, May 21. The $4 application price is a 10.4 percent discount to...

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Property

Giltrap Group founder, philanthropist Sir Colin Giltrap dies

Giltrap died last night at the age of 84.

Staff reporters 10:05am

The Quiz Free

QuiznessDesk: Thursday, April 18

Can you answer all ten questions correctly?

The Quizmaster 9:15am

Technology

AJ Hackett Bungy spins out tech startup EpicShot

EpicShot uses iPhones and specialised apps to shoot pics and film of customers.

Ben Moore 9:00am

AJ Hackett Bungy spins out tech startup EpicShot

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts

Sponsored

Building confidence and capability is the key to boosting productivity

In the pack houses of Hawke’s Bay apple growers, smart cameras scan the apples looking for blemishes and grading the fruit to ensure only the best is selected for domestic and international markets.

ASB