Wynyard Group capital raising?

[bmrm]

Sort of sad that a "market leader" dealing with plenty of the world "largest whatevers" decides to mark an announcement about signing a 3.3m contract as "price sensitive", but I guess at the moment they are grasping for straws ...

Wynyard doesn't decide what is price sensitive, NZX does. Presumably to do with the rights issue in this case.

[Harvey Specter]

Wynyard doesn't decide what is price sensitive, NZX does. Presumably to do with the rights issue in this case.

Agree on both points.

Given the announcement is to the NZX, it should be in NZD unless otherwise stated. The term of the contract is less clear but you have to assume it will not all be recognised in the first year.

[whatsup]

Can someone with more reguralatory knowledge than me answer this question, Can a company raising capital through a rights issue have a two tiered financial structure for that issue as is the case with Wynyards current rights issue?
Why should some investors/participators have a 4% financial benefit over others?

[winner69]

Can someone with more reguralatory knowledge than me answer this question, Can a company raising capital through a rights issue have a two tiered financial structure for that issue as is the case with Wynyards current rights issue?
Why should some investors/participators have a 4% financial benefit over others?

That's why they got waivers from the NZX to do such things

Not a level playing field is it but the likes of us don't matter

[moimoi]

A $2.5M committment fee to raise $30M @ a near 50% discount to last traded price.... For Real?? :-( :-(

Doesn't appear to be of much use to have First NZ Capital acting as arranger of the issue AND ""exclusive financial advisor to the business going forward"" if that is the best they can do.

Clearly beyond anyone on this Board to make 10 phone calls to the top 10 shareholders to see they'd be interested in taking up shares @ half price.

[whatsup]

Ex the rights at the end of trading today.

[Andrew]

Stinks of desperation, bleeding more cash more quickly than they realised and then were desperate.

[trader_jackson]

http://www.chrislee.co.nz/taking-stock

Quite a bit on old Wynyard in here... may be of interest to sum

[whatsup]

Ex the rights at the end of trading today.

RA's up strongly this morning .

[Hectorplains]

Probably a contract over three years, as all the others. I wonder if there is any clauses in the contracts for the client to "get out" within the period. Or any other penalty or non performance clauses.

http://www.sharechat.co.nz/article/5...ar-early.html?

"Mutually decided to end the agreement" even when SFO changed the brief...