NZ Rural Land Company Limited (NZX.NZL) has completed the Retail Offer component of its pro rata accelerated renounceable entitlement offer, raising gross proceeds of approximately NZ$2.6 million.
A Retail Bookbuild to offer any shortfall entitlements is currently underway, with settlement and allotment of all shares from the Offer expected to occur on 30 June 2022.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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