The Warehouse completes $115m capital raise

The Warehouse Group has announced the completion of its $115m capital raise, consisting of a $100m placement and a $15m Share Purchase Plan (SPP) to strengthen the balance sheet in support of the Financial Services.

The Placement of $100m on March 7 received strong support from local and Australian institutions and eligible NZ retail investors and was fully subscribed, with a settlement date for the new shares of March 13.

Announced via the New Zealand stock exchange, the company has now completed its Share Purchase Plan raising $15m, with applications from eligible investors totalling $10.8m with the balance of $4.2m taken up by the underwriter, Deutsche Craigs Limited.

Open to all shareholders on its register as of the record date of March 18, the Share Purchase Plan was primarily targeted at retail investors allowing them to participate in the equity raising.

“One of our main objectives for the SPP was to enable all retail investors who wanted to participate to fully do so,” says Mark Powell, CEO, The Warehouse Group.

“We are pleased that all shareholders who applied for shares were allotted the full amount they applied for allowing retail investors to fully participate in the capital raise.”

“The capital raise was an important step in strengthening our balance sheet to support our Financial Services strategy,” adds Ted van Arkel, Chairman, The Warehouse Group.

“We are pleased with the level of participation from institutional and retail investors.”

Follow Us
on Google+

Review: Sony Xperia Z2

NetGuide Smartphones are all about compromise these days. Fitting a hi-res screen, camera and huge battery into increasingly lighter handsets isn’t easy, and usually, something has to give.   Read More →

Review: LifeTrak C410 Fitness tracker

NetGuide The C410 is a fitness tracker first and a watch second. Because of this it not only tells the time, but also tracks almost everything a fitness nut would need to know.
Amongst the many stats tracked are Steps. Calories are measured too as are distances covered. There’s a sleep tracking function, plus heart rate monitoring.   Read More →

Android App Review: Writing Prompts

NetGuide Writing Prompts is one of those obviously-named apps that gives you exactly what the name suggests and nothing more. If you want some help getting started with your creative writing, then the Writing Prompts app might be able to help.   Read More →