Wynyard to raise $35M through placement, share purchase plan to fund growth

Wed, 12 Mar 2014

March 13 (BusinessDesk) - Wynyard Group, the intelligence software developer, plans to raise $35 million through a placement and a share purchase plan to fund its global growth strategy. Its shares have been halted for the capital raising. The Auckland-based company said it would raise $30 million via a placement to institutional investors and $5 million via a SPP. The placement is underwritten at $2.75 a share by UBS New Zealand, which has been hired as arranger. Shares of Wynyard last traded at $2.86 and have soared 158 percent since they...

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