Wynyard's $30M capital raising has further 'discount' with 'fee' for major shareholders

Tue, 01 Mar 2016

By Jonathan Underhill March 2 (BusinessDesk) - Major shareholders of Wynyard Group will effectively get a further 4 percent discount by way of a fee payable in shares for committing to the crime-fighting and security software developer's deeply discounted $30 million rights offer. The arrangement required a waiver from NZX listing rules because Skipton Investments, deemed a related party with a 17.78 percent holding, has indicated it will participate in the placement and formalise its participation with a commitment letter. Wynyard's c...

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