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

 

Windflow Extends Share Offer

The closing date for Windflow Technology Ltd's Stage 1 share offer has been extended until Friday, 6th July 2001.

Windflow Technology Limited is a Christchurch-based company which is establishing New Zealand-based manufacturing of the state-of-the-art "Windflow" wind turbine. It released its Stage 1 share offer in April. The company has been using the internet to promote the offer, and the public can download the Investment Statement and Prospectus from its web-site, http://www.windflow.co.nz/shareoffering

To date, $1.1 million has been subscribed, more than 50% of the minimum target. About 180 investors have subscribed. In addition, the venture has the support of the Christchurch City Council. As part of their overall sustainable city programme they will buy the output from the first Windflow turbine.

Geoff Henderson, director and CEO, said " We are very pleased with the result, which has been achieved in such a short time. The response in the last two weeks has been overwhelming."

"While the extension is for another five weeks, the offer may not stay open for that full period - it will probably be closed as soon as the subscription is filled and shares allocated on a first come, first served basis. We look forward to filling the offering as soon as possible so that engineering work may commence on this exciting technology venture."

-ends-

Further information: www.windflow.co.nz


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: