NZSA: Heartland Bank placement and SPP 'grossly unfair'
Heartland's retail shareholders get less than one in three shares sought
The New Zealand Shareholders’ Association says Heartland Bank’s $40 million capital raising was grossly unfair to retail investors.
The bank raised $20 million from a placement to institutions and $20 million from a share purchase plan for retail investors.
Heartland announced yesterday that
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Tue, 14 Mar 2017
Tue, 14 Mar 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
NZSA: Heartland Bank placement and SPP 'grossly unfair'
65558