NZL - Completion of Retail Bookbuild

New Zealand Rural Land Company Limited (NZX.NZL) advises that it has completed the retail shortfall bookbuild component (Retail Bookbuild) of its 1 for 5 accelerated pro rata renounceable entitlement offer (Offer).

The Retail Bookbuild raised approximately $2.3 million, bringing the total raised via the Offer to approximately NZ $16.4 million. The proceeds of the Offer have been used to fund the acquisition of the Argyle Downs dairy farm and will also be used to fund the acquisition of the Greenhill dairy farm on 30 June 2022.

Settlement and allotment for all shares issued under the Retail Offer (including the Retail Bookbuild) is expected to occur on Thursday, 30 June 2022. Holding statements for the new shares issued will be despatched following allotment.

•  Completion of Retail Bookbuild

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

March 6th Morning Report
PEB - First Triage Plus Tests Ordered from Townsville
March 5th Morning Report
Devon Funds Morning Note - 04 March 2026
Genesis Energy announces opening of Rights Offer
March 4th Morning Report
Comvita appoints Andrea Wilkins as Chief Marketing Officer
Synlait provides banking facilities update
CHI - Channel Infrastructure delivers solid FY25 financial result
February 27th Morning Report