Brief: Heartland Group Announces NZ$210 Mln Equity Raise

Heartland group

07/04/2024 21:39

April 8 (Reuters) - Heartland Group Holdings Ltd
 HGH.NZ :
    * JEFF GREENSLADE INDICATED INTENTION TO STEP DOWN AS CEO AT
END
OF CY
    * NZ$210M EQUITY RAISE
    * EQUITY RAISE COMPRISING NZ$105 MILLION PLACEMENT & NZ$105
MILLION 1 FOR 6.85 NON-RENOUNCEABLE ENTITLEMENT OFFER
    * RECEIVED INDICATIVE REGULATORY APPROVALS FROM APRA & RBNZ
FOR
CHALLENGER BANK ACQUISITION
    * PLACEMENT AND ENTITLEMENT OFFER WILL BOTH BE UNDERTAKEN AT
FIXED
PRICE OF NZ$1.00 PER NEW  SHARE


Further company coverage:  HGH.NZ 

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