Hellaby Holdings Announces Capital Raising To Fund Future Growth
Dated: 27 March 2013
Hellaby Holdings Limited (NZX: HBY) today announced that it has applied for a trading halt to undertake a targeted
placement of new shares. The trading halt is expected to be lifted immediately following the completion of the placement
process.
Hellaby Holdings is seeking to raise NZ$50 million by way of a NZ$40 million share placement to institutional investors
and a NZ$10 million Share Purchase Plan (SPP) to eligible shareholders.
The capital raising is part of Hellaby Holding’s strategy to position the company for future growth and broaden the
shareholder register. It is not to fund the recently announced Contract Resources acquisition.
Institutions who participate in the placement will also be eligible to receive Hellaby Holding’s interim dividend and
participate in the company’s Dividend Reinvestment Plan (DRP).
The board has declared the interim dividend will be 5 cents per share, fully imputed, for the year ended 30 June 2013.
The dividend will be paid on Friday 19 April 2013. For the purposes of determining the shareholder entitlements the
company will have a record date of 5:00 pm, 12 April 2013.
All new shares issued by way of the placement and SPP will rank equally with existing Hellaby Holdings ordinary shares
currently on issue.
Long-time supportive and major shareholder, Castle Investments is fully supportive of the capital raising and will be
participating.
ENDS