Wynyard calls special meeting to raise $30 million in private placements

Wed, 11 Nov 2015

By Paul McBeth Nov. 12 (BusinessDesk) - Wynyard Group, the security software developer, will seek shareholder approval to raise $30 million over the coming year through a series of private placements, after touting its wares on a roadshow for foreign investors. The Auckland-based company wants to sell up to 15 million shares for at least $2 apiece, a 45 percent premium to the current trading price, after being well-received by institutional and high net-worth investors in Australia and the US during its October roadshow, it said in a sta...

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