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

 


Wynyard Group Share Purchase Plan

Wynyard Group Share Purchase Plan

Auckland, 17 April 2014 – Wynyard Group Limited (Wynyard, NZX:WYN) announces the successful completion of its Share Purchase Plan, which opened on 31 March 2014 and closed on 16 April 2014 (SPP).

Following the successful completion of a NZ$30 million targeted placement of new shares to institutional and other qualified investors (Placement), Wynyard offered existing eligible shareholders the opportunity to subscribe for up to NZ$5 million of new shares through a SPP offer. Each eligible shareholder was given the opportunity to subscribe for Wynyard shares up to a maximum total value of NZ$15,000.

Wynyard received applications totalling NZ$6,560,000 from the SPP offer. As the SPP was over-subscribed, scaling as detailed in the SPP documentation will apply. The allotment of the shares to the 803 shareholders who participated in the SPP will be made on 23 April 2014 with refunds to shareholders due to scaling to be direct credited, or cheques mailed, in the week commencing 28 April. The shares will begin trading on the NZX Main Board on 24 April 2014.

Wynyard Chairman, Murray Horn, said “We are extremely pleased with the response shown by our shareholders. The fact that the SPP was over-subscribed is an endorsement of the business, and the company would like to acknowledge the support of our smaller shareholders. Capital raised from the Placement and SPP will allow the company to accelerate implementation of its growth strategy.”

The issue price for the SPP shares was $2.36, which was the lower of:
• $2.70, being the Placement price; and
• $2.36, being the average closing price of Wynyard shares traded on the NZX Main Board, calculated over the five business days prior to and including the closing date of the SPP (16 April 2014).

About Wynyard Group
Wynyard Group is a market leader in critical threat assessment and advanced crime analytics software for government, financial services and critical national infrastructure. Wynyard’s powerful software helps assess threats, surface hidden relationships, give new meaning to events and identify people of interest. Wynyard customers include Fortune 500 companies and leading government security agencies.

Wynyard's Crime Science Research Centre brings together big data, advanced analytics, crime science and know-how with the single-minded objective of cutting crime.

The company has offices in the United Kingdom, United States, Canada, United Arab Emirates, Australia and New Zealand. For more information visit www.wynyardgroup.com

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news