HGH meets Challenger Bank milestone & NZ$210m equity raise

Heartland announces indicative regulatory approval of Challenger Bank acquisition, and NZ$210m equity raise

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to announce that it has received indicative regulatory approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ) for Heartland Bank Limited’s acquisition of Challenger Bank Limited from Challenger Limited (ASX: CGF).

Heartland also announces a NZ$210 million equity raise, comprising an NZ$105 million underwritten institutional placement (Placement) and a NZ$105 million underwritten 1 for 6.85 accelerated non-renounceable entitlement offer (Entitlement Offer).

APRA and RBNZ’s final regulatory approvals are conditional on the successful completion of the Placement and Entitlement Offer.

Included in this announcement is:

1. Offer Announcement

2. Offer Document

3. Investor Presentation

4. NZX Corporate Action Notice

5. Cleansing Notice

ENDS

•  Offer Announcement
•  Offer Document
•  Investor Presentation
•  NZX Corporate Action Notice
•  Cleansing Notice

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TWL - TradeWindow Unveils New Product Updates
MEL - Completion of Ruakaka Battery Energy Storage System
Sleight of hand in taxing retirement savings
AFT sees strong FY 26 as revenue reaches new record
OCA - Building on Momentum
May 22nd Morning Report
PYS - PaySauce FY25 Full Year Result and Annual Report
NPH - 2025 Half Year Results
Argosy FY25 Annual Result
Radius Care Continues Strong Growth with Record FY25