Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

eVentures New Zealand share offer to close early

For immediate release

28 April 2000 4.30pm

eVentures New Zealand share offer to close early

Craig Heatley, Chairman of eVentures New Zealand Ltd, today announced that the offer of shares in eVentures New Zealand would close three days early at 4.00pm Monday 1 May.

The share offer has generated strong demand from New Zealand institutional and retail investors. The objective of the float is to raise NZ$30 million, and will be closed significantly oversubscribed.

Applicants who have received a firm allocation from members of the New Zealand Stock Exchange will be unaffected by the early closing of the offer.

"We are naturally delighted with the response," said Mr Heatley.

"Many people have asked us during the offer period "is this a good time to be floating?"

"My response has been that we are still at the very start of the Internet revolution, not the end of it. Clearly New Zealand investors have shared this view."

eVentures New Zealand is an internet accelerator company with the primary goal of establishing top international e-commerce brands in New Zealand by providing investment capital, strategic resources and management services. It will also provide investment and incubation services for both new and established internet businesses in New Zealand.

ENDS

For further information contact: Craig Heatley, Chairman 09-358-4103

Clark Perkins JB Were & Son 09-357-3200

Communications Contact:
Rachel Catanach 04-499-9111, 025 322784 rachel@svl.co.nz


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>