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

 

Viking Capital Limited To List Nzax


Viking Capital Limited To List Nzax

Viking Capital Limited announced that it intends to list on the NZAX this morning, 28 June 2006, at 11.00am .

Brent King, Viking Capital’s Chairman and Managing Director, said that “the offer of shares and warrants was well supported. We have had a lot of interest from a broad range of investors. Institutional interest was also strong though many found it hard to invest at this stage.”

Under its prospectus dated 2 June 2006, Viking Capital Limited sought to raise a minimum of approximately $8,000,000 through an offer of shares at $0.25c per share.

At the close of the offer period, Viking Capital Limited had successfully raised in excess of $12.4million (inclusive of the staff share plan shares).

Directors King, Grant Baker and Sir William Birch said they were pleased with the response and looking forward to the challenge ahead.

King added that “the Viking Capital directors believe the reshaping of the New Zealand economy over the next five years presents great opportunity for astute investment strategies executed well. At Viking, we have the strategy, networks, know-how and skill to capitalize on this for our investors.”

“The Viking Capital Limited subscription take-up is a vote of confidence in the Directors and announces our shareholders expectations of significant rewards over time”, King said.

Application has been made to NZX for permission to list the shares and warrants on the NZAX, and all requirements of NZX relating thereto that can be complied with on or before the date of the prospectus have been complied with. However, NZX does not accept responsibility for any statement in the prospectus.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: