Vista Group International (ASX:VGL) completes NZ$25 million placement - Sequoia Direct Pty Ltd

17AprApril 17, 2020

Vista Group International (ASX:VGL) completes NZ$25 million placement

Vista Group International (ASX:VGL) has successfully completed both its NZ$25 million placement and the institutional entitlement offer component of its 1 for 4.37 pro-rata accelerated entitlement offer.

The institutional entitlement offer and the placement closed yesterday (Thursday, 16 April 2020) and raised combined gross proceeds of approximately NZ$51 million.

Appetite for the institutional entitlement offer was strong, with eligible institutional shareholders electing to take up 94.5 per cent of their entitlements.

Vista Group’s shares are expected to resume normal trading on the NZX today, and on the ASX next Monday.

The retail component of the entitlement offer will open next Thursday (23 April 2020) and close at 5.00pm (NZST) on Tuesday 5 May 2020.

Shares in Vista Group International (ASX:VGL) is currently in a trading halt. It last traded at $1.32.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

22JulJuly 22, 2020

Lynas corp (ASX:LYC) report drop in production for the quarter

22 Jul 2020 - Lynas corp (ASX:LYC) released their quarter activities report showing production was temporarily shutdown in Malaysia and in Mt Weld as a consequence of the Covid-19 Movement Control Order (MCO) issued by the Malaysian government.

28DecDecember 28, 2023

Hidden Gems 2023 Highlights: Industrials

29 Dec 2023 - A selection of some of the Industrials companies that presented with us in 2023.

15FebFebruary 15, 2022

Stocks of the Hour: Insurance Australia Group, Baby Bunting & Unibail-Rodamco-Westfield

11 Feb 2022 - A snapshot of the stocks on the move featuring Insurance Australia Group (ASX:IAG), Baby Bunting (ASX:BBN) & Unibail-Rodamco-Westfield (ASX:URW).

25MarMarch 25, 2021

Brickworks’ (ASX:BKW) statutory profit soars 22% for 1H21

25 Mar 2021 - Building manufacturing company Brickworks (ASX:BKW) report their net profit after tax soared 22 per cent to $71 million for the half year ending January this year, compared to their prior corresponding period.

08OctOctober 8, 2019

Santos reports (ASX:STO) strong Caley reservoir flow

08 Oct 2019 - Oil and gas giant Santos (ASX:STO) has announced that the initial flow test of the Caley reservoir in Western Australia has confirmed the main oil pool in the field is capable of producing flow rates at the higher end of pre-drill expectations.

23JunJune 23, 2020

Woolworths (ASX:WOW) profits to fall despite sales growth

23 Jun 2020 - Woolworths (ASX:WOW) released a trading update today showing expected earnings before interest and tax to fall between between $3.2 billion and $3.25 billion.

11NovNovember 11, 2019

Ridley Corporation (ASX:RIC) to reduce staff levels

11 Nov 2019 - Ridley Corporation (ASX:RIC) says there will be a new organisational restructure with implications for their financial year 2020.

21MarMarch 21, 2023

Stocks of the Hour: Besra Gold, Mincor Resources, MGC Pharmaceuticals, Renegade Exploration

21 Mar 2023 - A snapshot of the stocks on the move featuring Besra Gold (ASX:BEZ), Mincor Resources (ASX:MCR), MGC Pharmaceuticals (ASX:MXC) and Renegade Exploration (ASX:RNX).

22AugAugust 22, 2024

Stocks of the Hour: Australasian Metals, Critical Resources, First Lithium

22 Aug 2024 - A snapshot of the stocks on the move, featuring Australasian Metals (ASX:A8G), Critical Resources (ASX:CRR) and First Lithium (ASX:FL1).

15OctOctober 15, 2019

Nine (ASX:NEC) announces compulsory acquisition of shares in Macquarie Media

15 Oct 2019 - Nine Entertainment (ASX:NEC) has announced it now holds a stake of 98.64 per cent in Macquarie Media following the closure of its offer period at 7.00pm yesterday.