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

 


Moa Offer Significantly Oversubscribed

News release

Tuesday 13 November, 2012

Moa Offer Significantly Oversubscribed

Results in considerable scaling to the public pool

Moa Group Limited has completed allocations for its IPO in advance of quotation, which is expected to occur on the NZX Main Board at midday today under the code “MOA”.

The IPO comprised a raising of $15 million, by way of firm allocation to institutional investors and clients of NZX Firms, plus an additional amount of up to $1 million by way of a public pool. In light of oversubscription in applications made via the public pool, considerable scaling has been applied.

The $1 million public pool closed oversubscribed by 124% (over twice the amount sought).

Priority was given to those applicants who pre-registered for the offer. Unfortunately, those who applied under the public pool but did not pre-register will not receive an allocation of shares in the IPO and will have their application refunded in full.

Moa CEO Geoff Ross says, “We are delighted with the support for the offer from all investors; however we simply can't satisfy all applications. With the Moa listing set to proceed today, we hope these people can support Moa post listing by looking to buy on-market and enjoying the Moa range of beers.”

Applicants with a Common Shareholder Number and FIN can visit the Link Market Services Investor Centre at www.linkmarketservices.co.nz from 9.00am today to ascertain their allocation before trading of the shares commences at midday. Alternatively applicants can call the Share Registrar (Link Market Services) or their broker.

Craigs Investment Partners and Forsyth Barr acted as Joint Lead Managers to the offer. [1]

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news