WasteCo undertaking capital raise by private placement.
WasteCo proposes to undertake a placement of new ordinary shares in the company to selected New Zealand wholesale investors (Placement). WasteCo has today requested that NZX place the company in trading halt while the Placement is conducted.
Please see attached for further details.
The S&P/NZX 50 Index closed at 13,276.99, down 74.93 points or 0.56%.
The company's annual meeting was in Christchurch on Tuesday.
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