Provided by NZX
  • NZX1

    $ 0.0000%

  • Open 1 High 1 Low 1 Bid Price 1

    Offer Price 1.01 Value 189552 Volume 189452

Current as of 02/12/16 07:39PM NZST

Demand for Moa shares outweighs availability

Photo / Dean Purcell
Photo / Dean Purcell

Beer company Moa has had so much interest in its million dollar public investment pool, that it has been closed off a week early.

The firm says some people will miss out on the stock they wanted.

Moa is trying to raise $15 million by offering shares at $1.25 each, with provision to take over-subscriptions of up to a million dollars.

Because applications to the public pool have exceeded the shares available, allocations will be scaled back.

Moa says investors who didn't pre-register are unlikely to get any shares, but will get a refund once the offer is settled.

- Newstalk ZB

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf03 at 03 Dec 2016 23:43:00 Processing Time: 371ms