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

 

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


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

ALSO:

Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO:

Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>

ALSO: