Infratil Limited (IFUUF) has released an update.
Infratil Limited, a New Zealand-based company, has opened a NZ$150 million retail share offer as part of a larger NZ$1,150 million equity raise, following a successful NZ$1,000 million placement. The offer is directed to eligible shareholders in New Zealand and Australia, with share pricing set at the lower of the placement issue price or a 2.5% discount to the volume-weighted average on the NZX up to the closing date. Oversubscriptions may be accepted at Infratil’s discretion, with scaling to maintain proportionate ownership for current shareholders.
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