Sharechat Logo

Marlborough Wine Estates Group Limited (NZX: MWE) Opening of a $2 Million Share Purchase Plan

Wednesday 17th February 2021

Text too small?

MWE announces the opening of a $2 million Share Purchase Plan

Marlborough Wine Estates Group Limited is pleased to announce the opening of a $2 million share purchase plan ("SPP") today.

Eligible New Zealand shareholders will receive their personalised application forms to apply for up to a maximum of NZ$50,000 of new shares per shareholder, at 25 cents per share. The issue price comprises a 56.7% discount on the five day volume weighted average price of MWE shares traded on the NZX during the last five trading days prior to the date of this announcement.

The SPP Offer Document will be sent to eligible shareholders today and can be found online at

The funds raised from the SPP will be applied towards:

• Retaining higher inventory levels to meet expected future demand;

• Investment into marketing, particularly MWE’s online strategy; and

• International market expansion and development.

The key dates for the SPP offer are as follows:

Record Date - Tuesday, 16 February 2021

SPP Offer Opens - Wednesday, 17 February 2021

SPP Offer Closes - Friday, 5 March 2021

Allotment of Shares - Friday, 12 March 2021

Commencement of trading of shares on NZX - Friday, 12 March 2021

Please see the links below for details:

MWE Retail Offer NZ Application Form

Cleansing Statement

Corporate Action Notice

Offer Document

Opening of a $2 million Share Purchase Plan

Source: Marlborough Wine Estates Group Limited

  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:

Restaurant Brands New Zealand Limited (NZX: RBD) Q4 Sales Announcement
NZ Automotive Investments Limited (NZX: NZA) trading update
Livestock Improvement Corporation Limited (NZX: LIC) Half-Year Result 2021-22
NZ Compare announces the acquisition of PriceMe
Tourism Holdings Limited (NZX: THL) thl to acquire MaxiTRANS NZ
NZ Compare announces the acquisition of PriceMe
25th January 2022 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra lifts forecast Farmgate Milk Price range
Green Cross Health Limited (NZX: GXH) Trading update
Ebos Group Limited (NZX: EBO) Retail Offer Oversubscribed