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Investore Share Purchase Plan Closes Oversubscribed

Monday 18th May 2020

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Investore Property Limited (Investore) announced today that its $15 million share purchase plan has closed oversubscribed. 

The share purchase plan received strong shareholder support with Investore receiving applications totalling $31.3 million, exceeding the offer size of $15 million. Investore has elected to accept additional applications of $5 million, bringing the total amount accepted under the share purchase plan to $20 million. Applications will be scaled by reference to the number of Investore shares held as at 5pm on the record date (28 April 2020). Surplus application amounts will be refunded in accordance with the terms of the share purchase plan offer document dated 5 May 2020.

Source: Investore announcement to NZX 


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