Refining NZ has announced the successful close of its $5 million Share Purchase Plan (SPP), which is part of an equity raising to fund the expansion of private storage services.

Shares under the SPP were issued at NZ$0.83 each, with settlement and allotment of the new shares expected on 17 December 2021.

The new shares will rank equally with existing shares and trading in them is expected to commence on the same day.

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