New Zealand Rural Land Company Limited has completed the Retail Bookbuild component of its 1 for 5 accelerated pro rata renounceable entitlement offer, raising approximately $2.3 million.
The Offer has raised a total of $16.4 million, which will be used to fund the acquisition of two dairy farms on 30 June 2022.
Settlement and allotment for all shares issued under the Offer is expected to occur on Thursday, 30 June 2022.
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