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Wynyard Group Share Price Set At $1.15 After Book-Build

Wynyard Group Share Price Set At $1.15 After Book-build

AUCKLAND, 19 June 2013 Wynyard Group, the specialists in intelligence-led software and solutions for protecting companies and countries from threat, crime and corruption, today announced the share price arising from the book-build for Wynyard Group company shares has been set at $1.15 each.  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 NZX Main Board.

Following the book-build, the company will raise total proceeds of $65 million of new capital.  There will be no oversubscriptions.  Wynyard Group is pleased with the support from institutional investors and retail broker firms in New Zealand.

Wynyard Group Managing Director Craig Richardson said capital is being raised to accelerate Wynyard's international growth strategy and meet the growing demand for its risk management, investigations, intelligence and digital forensics software.

“Wynyard is an attractive company with growing recurring revenue and a clear four-step global growth plan which is forecast to drive strong revenue growth[1].

“We have invested in innovation and product commercialisation for our solutions which help keep financial institutions compliant, airports safe, energy companies secure, intelligence agencies informed and police investigations operating.”

With a blue-ribbon global customer base, the company recently signed a long term contract with the New Zealand Police for its Wynyard Investigator product which is used internationally by more than 50 agencies ranging from the Australian Federal Police to specialist operations in the United Kingdom and multi-nation crime task forces in Asia.

Richardson said the company is an emerging industry leader with an experienced board, management team, renowned industry advisory team and will leverage its talent to help drive growth.

“We have over 120 staff across six regions and with staff numbers set to grow to 152 by the end of 2014 we are actively recruiting in New Zealand, the United Kingdom and the United States.  Our industry experts, specialist capability and unique culture is one of our greatest assets and plays an important part in our success,” he said. 

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

NZX disclosure

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.


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