ikeGPS Successfully Completes Retail Entitlement Offer

  • August 14, 2020 12:43 PM NZST
  • Team Kalkine

ikeGPS Group Limited (NZX:IKE) has announced successful completion of the retail component of its fully underwritten 1 for 7 accelerated non-renounceable entitlement offer to raise approximately NZD 4.1 million. It was offered to eligible shareholders and closed on 11 August 2020.

The offer received strong support and closed oversubscribed. Eligible shareholders took up 66 per cent of their entitlements—those who took up their full entitlements also looking for an additional NZD 1.6 million of new shares.


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