New Zealand Rural Land Company Limited (NZX: NZL) has announced a 1 for 3 accelerated renounceable entitlement offer of fully paid ordinary shares of the same class as already quoted on the NZX Main Board to raise approximately $38.5 million.
For every 3 Shares allotted under the entitlement offer, one Warrant will be issued which may be exercised in the future to receive a Share.
The Offer is made in accordance with the Financial Markets Conduct Act 2013 and Financial Markets Conduct Regulations 2014 and is not expected to have any material effect or consequence on the control of NZL.
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