WasteCo has announced the formal terms of its share purchase plan (SPP) to shareholders.
The SPP, which is not underwritten, aims to raise $5 million, subject to shareholder approval at a special meeting on December 13, 2024.
It is open to eligible shareholders with a New Zealand address, as of November 29, 2024.
Each eligible shareholder can apply for up to $50,000 of new shares.
If the total applications exceed 250 million new shares, scaling will be applied based on shareholdings on the same date.
WasteCo also reserves the right to place any unsubscribed amount under the SPP.
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