Shareholders Association to reconsider Wynyard rights issue

Thu, 28 Jan 2016

By Edwin Mitson Jan. 28 (BusinessDesk) - The Shareholders Association says it is reconsidering its view on a rights issue by the security software company, Wynyard Group, after management said it wanted the flexibility to offer new shares to investors at less than the $2.00 a share minimum for which it had earlier sought approval. The company is blaming volatile in global equity markets. At a meeting in December, shareholders backed the issue of up to 15 million shares at a minimum of $2.00 a share, a slight premium on the $1.97 trading p...

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