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NZX to clarify rules over capital raising structures

Consultation about non-pro rata and non-renounceable share offers has yielded amended rules.

NZX is amending its listing rules for capital raising structures.

Will Mace Thu, 15 Jun 2023

NZX issuers will be required to disclose their reasons for using “accelerated non-renounceable entitlement offer” (anreo) structures when seeking to raise capital, as well as setting out the likely impacts on non-participating shareholders.

The determination was made in a paper released by the

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Will Mace Thu, 15 Jun 2023
Contact the Writer: william@nbr.co.nz
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NZX to clarify rules over capital raising structures
Investment,
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