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An announcement from Comvita ( (CVNZF) ) is now available.
Comvita Limited has launched a pro-rata renounceable rights issue on the NZX Main Board, offering shareholders one new share for every 1.53 shares held as at the 22 April 2026 record date, at an exercise price of NZ$0.65 per share. Trading in the rights will run from 21 April to 1 May, with the offer closing on 7 May and the new shares scheduled to be allotted and begin trading on 18 May 2026, providing the company with additional equity funding while allowing existing investors to maintain or adjust their stakes.
The rights are payable in full on application and will be settled through the NZCDC Settlement System, with MUFG Pension & Market Services acting as registrar. The renounceable structure means shareholders can either take up their entitlements or sell the rights on market during the trading window, potentially broadening participation and influencing Comvita’s shareholder base and market liquidity as the new capital is raised.
More about Comvita
Comvita Limited is a New Zealand-listed company whose shares trade on the NZX Main Board under the ticker CVT. The company is raising equity capital via a rights issue, offering existing shareholders the opportunity to subscribe for additional shares in proportion to their current holdings.
For an in-depth examination of CVNZF stock, go to TipRanks’ Overview page.