Wynyard: Investor Update - March 2014
Capital Raising
Wynyard Group Limited (“Wynyard” or “the Company”) is undertaking a capital raising consisting of a:
Placement of new equity to targeted institutional investors of approximately $30 million; and Share Purchase Plan to raise up to $5 million UBS New Zealand Limited is acting as placement agent for the capital raisingRationale
New capital to be used to accelerate Wynyard’s global growth strategy which will require an additonal investment of $18 million acrossOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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