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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

Struggling Evolve issues rights offer at heavy discount

Funds will be used to repay debt and finance Aussie expansion.

Evolve Education Group shareholders have been asked to contribute $63.5 million to repay debt and fund an Australian expansion plan, despite difficulties in the domestic market.

The company has given investors little choice, with the 4.4:1 rights offer priced at 8c a share, a 65% discount on

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Sanjay Prakash Wed, 08 May 2019
Contact the Writer: Sanjay@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Struggling Evolve issues rights offer at heavy discount
General Business,
79167
true