Sharechat Logo

Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Share Purchase Plan Opens

Monday 30th November 2020

Text too small?

Stride Property Group is pleased to announce the opening of its $40 million share purchase plan which forms part of its $220 million capital raising announced on 25 November 2020. Stride has the ability to accept additional applications at its discretion.

Eligible shareholders with a registered address in New Zealand will receive their personalised application forms to apply for up to a maximum of $50,000 of new stapled securities per shareholder at an issue price equal to the lower of:

(a) $2.14 per new stapled security (being the same issue price as the placement undertaken on 25 November 2020); and

(b) a 2.5% discount to the volume weighted average market price of Stride's stapled securities traded on NZX over the five business day period to and including the closing date of the share purchase plan.

The share purchase plan offer document, together with an application form, will be sent to eligible shareholders today and will also be available to eligible shareholders at from today. Online applications are strongly encouraged and can be made at until 5.00pm NZT on 9 December 2020.

If scaling of the share purchase plan is required, it will be done with reference to shareholders’ existing shareholdings at 5.00pm NZT on the record date of 24 November 2020.

See the links below for more details:

Stride Property Group - Share Purchase Plan Opens - 301120.pdf

Stride Property Group - Share Purchase Plan Offer Document - 301120.pdf

Stride Property Group - Share Purchase Plan Application Form - 301120.pdf

Source: Stride Property Ltd & Stride Investment Management Ltd

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

Good Spirits Hospitality Limited (NZX: GSH) Director Appointment
Smartpay Holdings Limited (NZX: SPY) Trading Update
Harmoney Corp Limited (NZX: HMY) H1 FY21 Business Update
Chatham Rock Phosphate Limited (NZX: CRP) Chatham Successfully Completes Private Placement
Turners Automotive Group Limited (NZX: TRA) Upgrades FY21 Earnings Guidance
Blackwell Global Holdings Limited (NZX: BGI) Restructure of Business Operations
Vista Group International Limited (NZX: VGL) Vista Group appoints James Miller as Independent Director
Rakon Limited (NZX: RAK) Update of FY2021 Earnings Guidance
The a2 Milk Company Limited (NZX: ATM) Organisational Announcement
Reserve Bank of New Zealand Committed to Action as It Responds to Data Breach

IRG See IRG research reports