Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Cadmus releases Prospectus for Notes Issue Series

Cadmus releases Prospectus for Notes Issue Series Three

Auckland, 24 November 2006 - Cadmus Technology Limited (NZX: CTL) today announced that its wholly-owned subsidiary, Cadmus Developments Limited, has lodged a prospectus for registration to raise up to $7.5 million through the issue of first secured notes.

The net proceeds of the issue of the new notes will be used to redeem the current first secured notes (and repay funds borrowed for the purpose of such redemption) and to provide further funding for the continued growth of Cadmus in both the NZ and international markets.

The offer will remain open until 28 March 2007 or such earlier date as Cadmus may determine. The offer is underwritten (subject to certain limited conditions) up to $3.5 million by FE Investments Limited.

The notes will attract an interest rate of 9.9 percent p.a. (gross) and are secured by a first-ranking security interest (subject to prior charges at law) over the assets of Cadmus Developments Limited.

To obtain an investment statement in relation to the issue contact FE Securities Limited on 0800 873 863, or a NZX Firm. Printed copies of the investment statement will be available in the week commencing 27 November 2006.

Application has been made to New Zealand Exchange Limited for permission to list the First Secured Notes Series Three and all requirements of NZX relating thereto that can be complied with on or before the date of distribution of this announcement have been duly complied with. However, NZX accepts no responsibility for any statement in this announcement.

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.