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Wynyard Group IPO to accelerate international growth


Wynyard Group IPO to accelerate international growth

AUCKLAND, 7 June 2013 Wynyard Group, the specialists in intelligence-led software and solutions for protecting companies and countries from threat, crime and corruption, is today announcing it will proceed with an Initial Public Offering (IPO) of shares to raise additional capital. Wynyard Group has registered its combined investment statement and prospectus (the “offer document”) in relation to the IPO and the offer document can be viewed at www.intelligentinvestment.co.nz.

The company will raise up to $65 million (excluding up to $5 million in any oversubscriptions) and has already garnered strong interest from the investment community. The company expects to attract support from a large number of retail and institutional investors in New Zealand and offshore.

Globally Wynyard Group’s more than 400 customers include government national security and justice agencies, Fortune 500 companies and operators of significant infrastructure.

The company has invested heavily in crime science research and software development to address the growing risks and threats to the security and operations of both companies and countries alike.

Craig Richardson, managing director Wynyard Group, said there are substantial opportunities to increase the size of Wynyard’s enterprise customer base due to the increasing and common problems Wynyard products help solve in these industries.

“We are well placed to deliver the risk management, intelligence, investigative and digital forensics solutions governments and businesses need to address the increasing scale and complexity of the security, privacy, transparency and regulatory challenges they face.

“Wynyard is looking to acquire new customers and grow existing customer revenues through greater investment in its direct sales, indirect sales and marketing capabilities capacity, and developing and deepening global reseller partnerships.”

Richardson says that Wynyard Group has a clear four-step global growth plan which is forecast to drive revenue growth of 62% in 2013 and 26% in 2014.[1]

“We have everything in place, including our strong, experienced management team, and a board with strong governance, industry experience and leadership.”

The offer for shares is set to open on Monday 24 June and close on Friday 12 July ahead of a Friday 19 July listing on the main board of the New Zealand stock exchange. Application has been made to NZX Limited (NZX) for permission to quote Wynyard on the NZX Main Board and all the requirements of NZX that can be complied with on or before the date of this announcement have been complied with. However, NZX accepts no responsibility for any statement in this announcement. The NZX Board is a registered market operated by NZX, which is a registered exchange, regulated under the Securities Markets Act.

The Joint Lead Managers to the offer are UBS New Zealand Ltd and Forsyth Barr Ltd, and the Retail Co-managers are First NZ Capital Securities Ltd and Macquarie Capital (New Zealand) Ltd. There will be no public pool. Interested parties should contact their broker or financial adviser for information and advice.

ENDS

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