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

 

Share Purchase Plan by ICPbio

3 November 2006.
NZX and Media Statement

Share Purchase Plan by ICPbio


ICP Biotechnology Limited (ICPbio) will be offering existing eligible New Zealand registered shareholders the opportunity to participate in a Share Purchase Plan (the SPP). This will allow them to subscribe for up to NZ$5,000 of ICP ordinary shares without brokerage and transaction costs.

The Record Date for the SPP is 17 November 2006. Those persons who are shareholders of ICPbio as at 5pm on the Record Date and who are resident in New Zealand are eligible to participate in the SPP. The price at which shares will be issued under the SPP has been set and is 18 cents per share. Eligible shareholders should expect to receive an offer document containing further details of the SPP shortly after the Record Date.

"We have approximately 4500 shareholders from the reverse takeover of APH. We would like to strengthen our relationship with them by providing this opportunity to more fully participate in ICPbio's future growth plans" says Managing Director, Dr Earl Stevens.

The proceeds will go towards the planned expansion of the facilities, capabilities and newer product offerings, which are now the focus of ICPbio.

ICPbio is one of New Zealand's longest established biotechnology companies. It manufactures and markets products for use in animal reproduction, animal health care and the fine biochemicals field.
ICPbio's vision is set on becoming a leading global manufacturer of quality biological products for the biotechnology, animal and human pharmaceutical industries.

Nearly 100% of its products are exported, primarily to North America and Europe, with increasing amounts to Asia and South America.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>



All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>


MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>


Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>


DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>



Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>