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

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news