Wynyard seeks $45 million in placement, share purchase plan to fund growth

Mon, 08 Jun 2015

By Suze Metherell June 9 (BusinessDesk) - Wynyard Group, the security software firm, wants to raise $45 million in a discounted share offer to fund more staff and product development as it chases global growth. The Auckland-based firm will offer $40 million of shares in a placement fully underwritten by UBS New Zealand, and a further $5 million through a share purchase plan to eligible shareholders, it said in a statement. The shares will go for $1.79 a piece, a 5.8 percent discount to the last traded price of $1.90 before trading in the...

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