Sharechat Logo

Investore Share Purchase Plan Closes Oversubscribed

Monday 18th May 2020

Text too small?

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 


  General Finance Advertising    

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:

Reserve Bank of New Zealand Committed to Action as It Responds to Data Breach
MHM Automation Limited (NZX: MHM) Settlement of New Plymouth Building Sale
Napier Port Holdings Limited (NZX: NPH) First Quarter 2021 Trade Volumes
New Zealand Oil & Gas Limited (NZX: NZO) Mahato PSC Update - Oil Production
Michael Hill International Limited (NZX: MHJ) Update - Dividend/Distribution
Michael Hill International Limited (NZX: MHJ) Trading Update
Tilt Renewables Limited (NZX: TLT) Q3 December 2020 Quarterly Production Results
Mercury NZ Limited (NZX: MCY) Tiwai to continue operations through 2024
NZXO Announcement: Rollover of Fletcher Building Industries Ltd Notes - FBI150
Meridian Energy Limited (NZX: MEL) Rio Tinto confirms Tiwai Exit in December 2024

IRG See IRG research reports