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

 

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news