Wynyard raises $30 mln in placement to drive growth

Thu, 13 Mar 2014

March 14 (BusinessDesk) - Wynyard Group, whose shares have soared 158 percent since they listed in July, raised $30 million in a placement to drive growth plans, and will seek a further $5 million in a share purchase plan from existing investors. The Auckland-based company sold 11.1 million shares at $2.70 apiece, a 5.6 percent discount to the last trading price, to a range of institutional and qualified investors in New Zealand, Australia and the UK, it said in a statement. The shares, which last traded at $2.86, were halted yesterday for t...

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