National Tyre & Wheel Launches Capital Raise

National Tyre & Wheel Ltd. (AU:NTD) has released an update.

National Tyre & Wheel Ltd. aims to raise $12.41 million through a 1 for 4 non-renounceable entitlement offer at $0.37 per new share, funding working capital and associated costs for their new Dunlop tyre distribution venture. The offer is limited to eligible shareholders with specific geographic and legal criteria, excluding U.S. residents and others outside Australia and New Zealand. Ineligible shareholders will have their entitled shares sold by a nominee, with net proceeds distributed accordingly.

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