Wednesday 23rd September 2020 |
Text too small? |
Transportation technology business EROAD Limited (NZX/ASX: ERD) (“EROAD”) announced today the opening of its NZ$8 million non-underwritten share purchase plan ("SPP"). The SPP is part of EROAD’s capital raising announced on 17 September 2020 of NZ$50 million. The capital raise included a NZ$42 million fully underwritten placement at a price of NZ$3.90 per share.
Eligible EROAD shareholders can apply for a maximum of NZ$50,000 of new shares per shareholder. The price payable under the SPP will be the lower of the price paid by investors in the placement (NZ$3.90 per share) or a 2.5% discount to the five day volume weighted average price of EROAD shares traded on the NZX during the five trading days up to, and including, the SPP closing date.
See links below for more details:
Source: Transportation technology business EROAD Limited
No comments yet
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER