Wynyard shareholders approve $30 million private placement

Fri, 11 Dec 2015

By Fiona Rotherham Dec. 11 (BusinessDesk) - Wynyard Group shareholders have passed a resolution to raise at least $30 million from a number of strategic investors to enable the security software firm to cash in on increased demand for ways to combat cyber, terrorist, and organised and transnational crime. The vote at a special general meeting in Auckland approved the company issuing up to $15 million ordinary shares over the next 12 months at a minimum issue price of at least $2 per share. The shares rose 1.6 percent to $1.97. New Zeal...

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