As per the attached notice, Freightways has issued 65,000 ordinary shares to Freightways Trustee Company Limited, as trustee of the Freightways Employee Share Plan (the ‘Share Plan’), in satisfaction of acceptances of an offer made to employees to participate in the Share Plan.
Infratil is quickly approaching the $12 mark for the first time since January.
General security agreement holders are owed over $2.53m.
The offer is subject to shareholder approval and other condition.
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