Paper Plus NZ undersubscribes $1m capital raise by 40%

Paper Plus NZ undersubscribes $1m capital raise by 40%
Of Paper Plus's 90 members, 38 did not participate in the capital raise. (Image: Paul Taylor)
Gregor Thompson
Paper Plus New Zealand has raised nearly $600,000 from its owner-operators but undersubscribed its target after issuing more than one million shares at $1 each.In July, Paper Plus NZ, which operates as a co-operative and acts as the retailer’s franchisor, turned to its members for capital after reporting a net loss of $553,000 in the 12 months to March 31. A document published on the Companies Office on Tuesday revealed that directors signed a resolution on Oct 18 to issue 1.03m shares and offer them to holders of A shares (members)...

More Retail

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Gregor Thompson 01 Jul 2025
Foodstuffs serves up reuse trial with Bonson
Retail

Foodstuffs serves up reuse trial with Bonson

Most shoppers skip reusable bags so will they return deli trays?

Cécile Meier 01 Jul 2025
Cooks Coffee flags ‘material uncertainty’
Retail

Cooks Coffee flags ‘material uncertainty’

Executive chair Keith Jackson says the firm is not concerned. 

Gregor Thompson 30 Jun 2025