Infratil Limited (IFUUF) has released an update.
Infratil Limited has requested a trading halt on its shares and bonds, effective from the opening of trading on June 17, 2024, in anticipation of a significant capital raise. The New Zealand-based infrastructure investment company plans to secure approximately NZ$1.15 billion through a combined Placement and Retail Offer, which is being managed by UBS New Zealand Limited, Barrenjoey Markets Pty Limited, and Goldman Sachs Australia Pty Ltd. The trading halt is intended to ensure a fair and orderly market until the announcement of the capital raise’s outcome, expected before market opening on June 18, 2024.
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