Sharechat Logo

Geo Limited (NZX: GEO) Shareholder Placement Offer

Friday 29th October 2021

Text too small?

Geo Limited (NZX: GEO ) (GEO) is pleased to announce the opening of a $NZ1 million placement offer to eligible shareholders. GEO’s intention to make a Shareholder Placement Offer was referred to in its 4 October 2021 announcement.

The Shareholder Placement Offer is being undertaken to enable GEO’s broader shareholder base to participate in GEO’s growth following GEO’s announcement of its placement offer to sophisticated investors in New Zealand and Australia to raise up to NZ$6 million (the first tranche of which completed on 6 October 2021, as previously announced, and the second tranche being subject to shareholder approval at GEO’s upcoming Annual Meeting).

The Shareholder Placement Offer will be offered to all eligible shareholders with a registered address in New Zealand or Australia (for “sophisticated investors” only in Australia) as at 28 October 2021. Under the Shareholder Placement Offer each eligible shareholder will be able to apply for up to NZ$20,000 worth of new shares, subject to a NZ$1 million overall cap. The issue price under the Shareholder Placement Offer will be the same price as investors paid under the Placement (being NZ$0.13 per share).

The Shareholder Placement Offer is subject to shareholder approval at GEO’s upcoming Annual Meeting.

The offer document for the Shareholder Placement Offer will be sent to eligible shareholders today (Friday, 29 October 2021). Shareholders who wish to participate in the Shareholder Placement Offer must ensure that their online Application Form and payment is received by GEO’s share registrar, Link Market Services Limited, by 5.00PM (NZT) / 3.00PM (AEDT) on Friday, 19 November 2021.

The Shareholder Placement Offer is not underwritten.

Please see the links below for details

Shareholder Placement Offer

Shareholder Placement Offer Document

Cleansing Notice

Source: Geo Limited

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

ArborGen Holdings Limited (NZX: ARB) Updates Market on FY22 Guidance
My Food Bag Group Limited (NZX: MFB) Q3 FY22 Trading Update
ikeGPS Group Limited (NZX: IKE) signs $0.9m deal with tier-1 electric utility
Tower Limited (NZX: TWR) Update on Tonga Volcanic Eruption and Tsunami Event
21st January 2022 Morning Report
Trade Window Holdings Limited (NZX: TWL) TradeWindow and Mastercard teams up
Genesis Energy Limited (NZX: GNE) FY22 Q2 Performance Report
Seeka Limited (NZX: SEK) Seeka announces dividend of 13 cents per share
20th January 2022 Morning Report
Z Energy Limited (NZX: ZEL) Q3FY33 Operating Data