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Wellington Drive Technologies raises new capital

Thursday 3rd February 2011 1 Comment

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Wellington Drive Technologies has raised $8.42 million from its rights issue.

The issue gave shareholders the right to buy one share for every existing share held.

The company did not give a breakdown of acceptances but said the rights issue closed yesterday fully subscribed after some shareholders applied for additional shares.

The company's share price rose 0.3 cents to 2.1c today.

 

NZPA



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Comments from our readers

On 4 February 2011 at 8:30 am Michael Gibbons said:
Great result and well done to the investors to help build another sucessful global innovation.
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