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


Salvus Strategic Investments Extension of Offer

Salvus Strategic Investments Limited (“Salvus”) – Extension of Offer

Specialist investor Salvus Strategic Investments has announced that it is extending the public offer of its ordinary shares for an additional week until 2 July 2004.

This extension follows on from the announcement made by Salvus on Friday 18 June 2004 that it had received applications for in excess of the minimum offer size of $20 million and that the offer would be proceeding. Salvus has received commitments from a range of NZ and UK institutions, NZX Primary Market Participants and applications from investors via the public pool.

Salvus said that there had been considerable investor interest in the company and its strategy of investing in the burgeoning smaller company sector in New Zealand. The extension is being made in order to accommodate renewed broker and investor interest in Salvus as a result of the minimum subscription level being reached.

A waiver from Listing Rule 7.13.2 has been granted by the New Zealand Exchange Limited allowing Salvus to extend the closing date until 2 July 2004.

Revised Offer Timetable
Offer Closing Date: 3:00pm 2 July 2004
Allotment Date: 6 July 2004
Anticipated Listing Date: 8 July 2004

© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news