New Zealand King Salmon Investments Limited (NZK) has announced a $60.1m underwritten pro-rata rights offer, with the proceeds to be used to deleverage the company’s balance sheet and provide liquidity and funding for medium-term operating requirements.
Eligible shareholders have until 5.00pm (NZST) on 6 May 2022 to subscribe for new shares, with Oregon Group pre-committing to take up $23.8m of its rights and the directors of NZ King Salmon pre-committing to subscribe for a further $2.5m of shares.
The offer document and investor presentation can be found online at either www.nzx.com or https://www2.asx.com.au/ using the ticker “NZK” or through www.shareoffer.co.nz/nzks.
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