Infratil Limited's non-underwritten Retail Share Offer has closed oversubscribed, with valid applications totalling NZ$320 million from 27,983 eligible shareholders.
In recognition of the strong support from retail shareholders, Infratil has increased the size of the Retail Offer to NZ$185 million, with approximately 20,095,000 new fully paid Infratil ordinary shares to be issued at the issue price of NZ$9.20 per share.
The Retail Offer is part of Infratil's equity raising announced on Wednesday, 7 June 2023 which also included an underwritten NZ$750 million placement of shares, bringing the total amount raised under the equity raising to NZ$935 million.
Settlement on ASX is expected to occur on Monday, 3 July 2023 and on NZX on Tuesday, 4 July 2023.
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