Sharechat Logo

The New Zealand Refining Company Limited (NZX: NZR) Share Purchase Plan Closes Oversubscribed

Wednesday 15th December 2021

Text too small?

The New Zealand Refining Company Limited (Refining NZ) (NZX: NZR ) is pleased to announce that its $5 million Share Purchase Plan (SPP) closed oversubscribed. The SPP forms part of the equity raising announced on 29 November 2021 to fund growth through private storage services.

The SPP received strong shareholder support, with Refining NZ receiving applications totalling approximately $9.5 million. Refining NZ has elected to accept all additional applications of approximately $4.5 million, bringing the total amount accepted under the SPP to approximately $9.5 million.

Refining NZ has now raised approximately $48.5 million in new equity, including the $39 million placement of new shares undertaken on 29 November 2021.

The settlement and allotment of the new shares issued under the SPP is expected to occur on 17 December 2021, with NZX trading in the new shares to commence on the same day. The new shares rank equally with existing Refining NZ shares on issue.

Please see the links below for details

SPP closes oversubscribed

Source: The New Zealand Refining Company Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

4th July 2022 Morning Report
BIF - Acquires shares in Hot Lime Labs
RUA - Cann Group granted TGA GMP for Mildura facility
AFI - Invitation to Results Webcast
PFI Share Buyback Programme to Pause
Greenfern Industries Limited ("GFI") - Late Annual Report
FSF - Monthly Allotment/ Redemption Notice
1st July 2022 Morning Report
General Capital Releases 2022 Annual Report
Fonterra, NZX, EEX confirm GDT strategic partnership