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Comvita ( (NZ:CVT) ) has issued an update.
Comvita is reminding eligible shareholders that its pro-rata renounceable rights offer, part of a wider capital raise to support bank refinancing, closes at 5.00pm on Thursday 7 May 2026 NZST, with entitlements set at one new share for every 1.53 existing shares at an offer price of NZ$0.65, representing a modest discount to the last traded price and TERP. The partially underwritten offer will introduce Singapore-based consumer group Fraser and Neave, via its F&N Ventures subsidiary, as a strategic investor and includes an oversubscription facility for investors who fully take up their rights, potentially reshaping Comvita’s register and strengthening its balance sheet as it pursues its international growth strategy.
Eligible investors who take up their full entitlement may apply for additional new shares up to the greater of 100% of their rights entitlement or NZ$500,000, though final allocations under the oversubscription facility are at Comvita’s discretion and not guaranteed. The capital raise is designed to improve Comvita’s funding profile through refinancing, and the entry of F&N as a cornerstone shareholder underscores growing regional interest in premium Mānuka honey and could enhance Comvita’s market access and partnership opportunities across Southeast Asia.
More about Comvita
Comvita Limited is a New Zealand-based natural health company and the world’s largest producer of UMF-certified Mānuka honey, operating a vertically integrated supply chain from its own Mānuka forests and beehives through to global omni-channel distribution across Australasia, Greater China, North America, Japan, Korea and Southeast Asia. The certified B Corp runs its own accredited laboratory to assure bee-product quality and sustains an active research programme into Mānuka trees, bee welfare and honey benefits, while large-scale native planting supports biodiversity, climate mitigation and long-term supply resilience.
YTD Price Performance: 32.21%
Average Trading Volume: 266,034
Technical Sentiment Signal: Sell
Current Market Cap: N$77.59M
For detailed information about CVT stock, go to TipRanks’ Stock Analysis page.