Provided by NZX
  • NZX1.16

    $ 0.0000%

  • Open 1.16 High 1.16 Low 1.16 Bid Price 1.16

    Offer Price 1.18 Value 24940 Volume 21500

Current as of 23/10/14 01:40PM 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

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on production apcf04 at 23 Oct 2014 13:48:00 Processing Time: 862ms