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

 

Development: Screen Precinct Earmarked For Hobsonville Point

Auckland Council’s Auckland Development Committee has today passed a recommendation to create a screen precinct on council-owned land at Hobsonville Point. More>>

ALSO:

Scoop Business: NZ Business Confidence Plummets To Lowest Level Since GFC

New Zealands business confidence plunged to the lowest level in three years in the second quarter as companies became pessimistic about profitability expectations. More>>

ALSO:

Oceans: NZ Jumps Into International Shark Agreement

New Zealand has boosted the protection of sharks by signing the Memorandum of Understanding on the Conservation of Migratory Sharks. More>>

ALSO:

Insurance: EQC To Double Payout, Scrap Contents Insurance

New Zealand’s Earthquake Commission may double its payout amount, scrap contents insurance and process claims through private insurers under the government’s long-running review of funding and management of the state-run earthquake insurer. More>>

ALSO:

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news