On May 22, 2020, S&P/NZX50 ended the session in red as the index witnessed a fall of 0.64% to 10,663 while S&P/NZX20 fell by 0.68% to 7,161. On the same day, S&P/NZX10 encountered a decline of 0.71% to 11,089.
S&P/NZX All Health Care fell by 1.86% while S&P/NZX All Materials witnessed a rise of 0.89%.
We will now look at how stocks have performed on May 22, 2020. Foley Wines Limited (NZX: FWL) rose by 6.06% on an intraday basis to NZ$1.750 per share while Geneva Finance Limited (NZX: GFL) rose by 5.88% to NZ$0.450 per share. Also, Smartpay Holdings Limited (NZX: SPY) ended at NZ$0.490 per share, reflecting a rise of 5.38% on an intraday basis.
On the other hand, Blackwell Global Holdings Limited (NZX: BGI) witnessed a fall of 14.29% to NZ$0.006 per share, while Metro Performance Glass Limited (NZX: MPG) fell by 5.63% to NZ$0.151 per share.
Smartpay Announces Completion of Capital Raise
Smartpay Holdings Limited (NZX: SPY) has made an announcement that it has garnered AU$13 Mn with the help of placement to institutional, sophisticated and professional investors. As per the release, placement comprised 30,952,381 new fully-paid ordinary shares and the issue price amounted to AU$0.42 per ordinary share.
The company added that settlement of placement would be occurring on 27th May 2020 and allotment of placement shares would be occurring on May 28, 2020.
In addition to this placement, SPY intends to undertake SPP (or Share Purchase Plan) inviting all the present shareholders to subscribe for the new shares at the similar price as the placement (without brokerage).
The company added that the funds garnered from placement and SPP would be utilised towards capitalising the business for growth in Australian and NZ markets as well as to strengthen balance sheet via reduction of debt.
A Recent Update By AUG
Augusta Capital Limited (NZX: AUG) has recently advised that it has wrapped up retail entitlement offer component of the fully underwritten 1 for 1.9 pro-rata accelerated entitlement offer of new fully paid ordinary shares in Augusta.
The company added that total of $45 Mn was garnered under entitlement offer and institutional placement.