Following its announcement on 5 December 2012, A2 Corporation Limited (“A2C” or the “Company”) is today pleased to announce the successful completion of the equity raising. Trading of existing shares in the Company on the NZX Main Board will commence on 7 December 2012.
The equity raising experienced significant demand from new and existing investors and comprised the issue of NZ$20 million in new shares by the Company and a partial sell-down by the Company’s three largest shareholders of a total of NZ$70 million existing shares at NZ$0.50 per share. Shares issued as part of the equity raising will begin trading on the NZX Main Board on 11 December 2012.
A2C’s Managing Director Geoffrey Babidge said the equity raising and change of listing would position the Company to accelerate the global growth initiatives outlined in the recently announced strategic review and provide additional liquidity.
“We are delighted with the level of support shown by new and existing investors. We now look forward to accelerating the Company’s next phase of growth with our new shareholder base”, he said.
For further information contact:
A2 Corporation Limited
+61 2 96977008