Heartland Group Holdings Ltd. (DE:73X) has released an update.
Heartland Group Holdings Ltd has finalized its Retail Entitlement Offer with an 81% subscription rate, contributing to a successful NZ$210 million equity raise. This financial boost comes from both retail and institutional investors, with the unclaimed shares from the retail offer being allocated to an underwriter and sub-underwriters, including institutions desiring additional shares. Newly issued shares are set to begin trading on the NZX and ASX at the end of April 2024, marking a significant expansion of the company’s shareholder base.
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