EROAD announces NZ$50 million Equity Raise

EROAD Limited (“EROAD”) is seeking to raise approximately NZ$50 million of new capital via an institutional placement to raise approximately NZ$11.6 million and a 1 for 2.06 pro rata accelerated renounceable entitlement offer to raise approximately NZ$38.4 million. The Equity Raise is fully underwritten.

Included in this announcement is:
1. Offer Announcement
2. Offer Document
3. Investor Presentation
4. NZX Corporate Action Notice
5. Appendix 3B
6. Cleansing Notice


ENDS


Investor enquiries please contact:
Matt Gregorowski
Citadel-MAGNUS
+61 422 534 755
[email protected]

For Media enquiries please contact:
Richard Llewellyn
Shanahan
+64 27 523 2362
[email protected]

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Announcement PDF