Shareholders' Association queries Stride capital raising
John Hawkins says a placement and SPP can sometimes be the best option for shareholders.
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Hawke’s Bay
The Shareholders’ Association is asking Stride Property [NZX: STR] (formerly DNZ) to explain why it chose to raise $115 million through a share placement to institutions, rather than through a rights issue.
Retail shareholders are being offered a $15 million share purchase plan (SPP), which won’t
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Jenny Ruth
Mon, 28 Sep 2015
Mon, 28 Sep 2015
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Shareholders' Association queries Stride capital raising
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