NZX has completed the Retail Entitlement Offer of its 1 for 9 accelerated pro-rata renounceable entitlement offer of new fully paid ordinary shares, raising approximately NZ$10 million.
Eligible Retail Shareholders elected to take up approximately 34% of their Entitlements.
NZX has opened the Retail Bookbuild to institutional investors and brokers acting on behalf of retail clients in New Zealand, offering approximately 13.2 million entitlements for sale.
Settlement and allotment of all shares is expected to occur on Friday, 18 March 2022.
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