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42 Below fully subscribed

Monday 13th October 2003

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New Zealand premium spirit maker 42 Below has closed its initial public offering fully subscribed. The company advised that some applications, from those who did not receive firm allocations, would be returned.

The company's board met today and confirmed that following allocation there are in excess of 2,800 shareholders.

The company will list on Wednesday, October 15, 2003.

Chief vodka bloke Geoff Ross said the company was pleased to have raised the capital necessary to expand into export markets.

"We're delighted the offer has gone well, we're looking forward to implementing our business plans and focusing on delivering," he says.

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