Sharechat Logo

The New Zealand Refining Company Limited (NZX: NZR) Share Purchase Plan Issue Price

Tuesday 14th December 2021

Text too small?

The New Zealand Refining Company Limited’s (Refining NZ) (NZX: NZR ) $5 million Share Purchase Plan (SPP) closed on 13 December 2021. The SPP forms part of the equity raising announced on 29 November 2021 to fund growth through private storage services.

The new shares under the SPP will be issued at the price of $0.83, which represents the lower of the price paid by investors in the placement (NZ$0.83 per share) and a 2.5% discount to the five day volume weighted average price of Refining NZ’s shares traded on the NZX during the five trading days up to, and including, the SPP’s closing date.

The settlement and allotment of the new shares issued under the SPP is expected to occur on 17 December 2021, with NZX trading in the new shares to commence on the same day. The new shares rank equally with existing Refining NZ shares on issue.

Please see the link below for details

SPP Issue Price

Source: The New Zealand Refining Company Limited



  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:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report