Update on acquisition of WasteCo Holdings NZ

Goodwood Capital Limited (NZX: GWC) have announced an update on their planned acquisition of WasteCo Holdings NZ Limited (WasteCo).

The purchase consideration has been varied to $29.2 million and GWC is expecting to submit the suite of Reverse Takeover (“RTO”) documentation to regulators within the next three weeks.

GWC will issue 504 million fully paid ordinary shares and 80 million fully paid ordinary shares to WasteCo shareholders and MCN holders, respectively.

In addition, the amount of new capital to be raised by GWC has been increased from $3 million to $4 million.