42 Below fully subscribed

Monday 13th October 2003

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.

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:

Broader review powers eyed for Climate Change Commission
MARKET CLOSE: NZ shares edge lower as global ructions weigh; Tourism Holdings sinks
NZ dollar rises as markets bet on US interest rate cut
Fonterra seeks further changes to dairy act
Tilt, Oji say transmission changes may discourage new generation
Tourism Holdings shares fall to 6-week low as US margins shrink
Venture capitalists split on govt picking winners
21st October 2019 Morning Report
Kiwi dollar steady as markets await Brexit developments
Domestic AGMs, multi-national earnings to provide economic insights