Salvus to proceed with sharemarket float
Salvus to proceed with sharemarket float
Specialist investment company Salvus Strategic Investments today confirmed that it had received sufficient investor support through investor applications and other firm commitments to proceed with its planned sharemarket float.
Advice from the lead managers and organising participants, Forsyth Barr and Direct Broking, was that Salvus had raised more than the minimum subscription level of $20m stated in its Prospectus and Investment Statement.
Independent Director Roger Armstrong said that Salvus was pleased with the investor support from the NZ public as well as NZ and UK institutions.
"It is a hallmark of the quality of the Salvus offering and its management team. Institutions and the NZ public alike recognise the opportunity that is being offered to invest in the burgeoning smaller company sector".
The Offer of Shares and Warrants in Salvus Strategic Investments will remain open until 3pm on Friday 25th June. The Prospectus and Investment Statement is available from Salvus' organizing participants, Forsyth Barr and Direct Broking or any NZX Firm.
Application has been
made to New Zealand Exchange Limited ("NZX") for permission
to list and all of the requirements of NZX relating thereto
that can be complied with on or before the date of
distribution of this announcement have been duly complied
with. However, NZX accepts no responsibility for anything
in this announcement