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


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news