42 BELOW to Make a Public Share Offer
42 BELOW to Make a Public Share Offer and Seek Full Stock Exchange Listing
The directors of premium New Zealand vodka and gin company 42 BELOW confirmed today that it would be proceeding with a public offering of shares and New Zealand Exchange listing. “We will be looking to obtain a wide spread of New Zealand shareholders” said Chief Vodka Bloke, Geoff Ross.
He said that the additional money the company was seeking to raise was not for manufacturing plant, but is intended to be used largely for marketing and branding purposes.
Mr Ross said that the company’s advisers were continuing to work on the final details of the Initial Public Offering and these would be announced as soon as possible, with the actual listing likely to be 1 to 2 months away