Comvita Announces Equity Raising of $50 Million

  • May 28, 2020 NZST
  • Team Kalkine
Comvita Announces Equity Raising of $50 Million

Comvita Limited (NZX:CVT) intends to raise about NZ$50 million through a NZ$20 million placement to institutional investors and about NZ$30 million through a 1 for 4.15 pro-rata accelerated non-renounceable entitlement offer.

After the equity raising, the company expects to decrease its net bank debt/FY20 Underlying EBITDA ratio from 3.6x to 0.9x as at 30 June 2020.


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK