NZ SHARE PURCHASE PLAN TO SUPPORT BUSINESS GROWTH
OFFER
Mon, Dec 02 2024 09:36 am
WasteCo Group Limited (NZX: WCO) (WasteCo) has announced the formal terms of a share purchase plan to its existing shareholders (SPP). The SPP is not underwritten.
A total of $5 million is being sought under the SPP, subject to shareholder approval being sought at the special meeting of shareholders being held on 13 December 2024.
The SPP is available to those existing shareholders recorded in the WasteCo’s share register as having a New Zealand address as at 5pm on 29 November 2024 (Eligible Shareholders).
Eligible Shareholders are able to apply for up to a maximum of $50,000 of New Shares.
If WasteCo receives applications that, in aggregate, are for more than 250,000,000 New Shares, scaling will be applied by reference to shareholdings on at 5pm on 29 November 2024. WasteCo reserves the right to place any amount not subscribed for under the SPP.
Announcement PDF
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