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:

NZ dollar falls ahead of inflation data
F&P Healthcare shares hit record on improved guidance
Bounce in international guest nights some reprieve for slowing tourism sector
$4m penalty for Auckland money shop under AML regime
High-emission oil producers at risk from investor action
NZ Rugby gets skin in media game in new Sky broadcasting deal
14th October 2019 Morning Report
US earnings season starts amid glimmers of hope on trade, Brexit
Class action suit against CBL Corp about to launch
NZ dollar benefits from possible US-China trade deal