Wynyard seeks $35m capital for global growth plan

closeThis article could be out of date, as it was published 8 months 16 days ago.

Wynyard Group has today announced that it has applied for a trading halt to undertake a targeted placement of new shares with the halt expected to be lifted immediately following the completion of the placement process.

The Auckland-based company is seeking to raise NZ$35 million by way of a NZ$30 million share placement to institutional and other qualified investors and a NZ$5 million Share Purchase Plan (SPP) to eligible shareholders.

“Wynyard will deploy this new capital to bring forward key initiatives in the company’s global growth plan,” an official statement on the NZX reads.

“Wynyard will accelerate new user and revenue growth by doubling its direct sales and professional services team and expanding its partnership program with technology partners and technology systems integrators.

“This expansion will be across all key regions, but weighted towards significant opportunities the company sees for its products in the United States justice sector.”

In addition, Wynyard will invest in bringing forward new advanced crime analytics product features and expand its Crime Science Research Centre – both initiatives will extend Wynyard’s innovation pipeline and product leadership position.

Wynyard has appointed UBS New Zealand Limited to act as sole arranger and underwriter of the placement. The placement will be underwritten at $2.70 per share.

Follow Us
on Google+

Hilton Auckland

As more and more conferences and events arrive in New Zealand, the opportunity to gain knowledge and build networks becomes better every day. Conferences can be hard work, and there’s nothing like retiring to a nice hotel room at the end of the day to relax and rest. But how do you turn a night in a hotel room into a lesson in building brand loyalty?   Read More →

Android App Review: Vimeo

NetGuide I review a lot of apps that, for one reason or another, aren’t that good. But it’s rare to find one that’s actually irredeemably broken. Video sharing website Vimeo’s app, however, is closer than it should be for an app with such obvious potential.   Read More →