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KMD Brands Limited ( (AU:KMD) ) just unveiled an announcement.
KMD Brands has completed a NZ$6.8 million underwritten placement and the institutional component of its approximately NZ$58.5 million fully underwritten pro-rata accelerated renounceable entitlement offer, raising about NZ$44.2 million via new shares priced at NZ$0.06. Strong participation saw around 79% of institutional entitlements taken up, with the shortfall placed at the same price, and the funds are intended to strengthen the balance sheet and support the company’s Next Level transformation strategy.
A retail entitlement offer, targeting gross proceeds of NZ$21.1 million, will open on 7 April 2026 for eligible shareholders in New Zealand and Australia at the same NZ$0.06 per share (or A$0.05) pricing. KMD shares are expected to resume normal trading on an ex-entitlement basis, with new shares from the institutional components allotted and trading from 13 April 2026, offering retail investors a chance to participate while consolidating the company’s capital position.
More about KMD Brands Limited
KMD Brands Limited is a dual-listed company on the NZX and ASX, operating in the retail and consumer sector with a focus on outdoor and lifestyle brands. The group sells apparel and related products through its portfolio of brands, targeting consumers in New Zealand, Australia and other markets, and is pursuing a strategic transformation program called “Next Level.”
See more data about KMD stock on TipRanks’ Stock Analysis page.