On June 3, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 0.76% to 11,118 and S&P/NZX20 rose by 0.71% to 7,464. On the same day, S&P/NZX10 encountered a rise of 0.51% to 11,543.
On June 3, 2020, S&P/NZX All Consumer Discretionary witnessed an increase of 4.35%. However, on the same day, S&P/NZX All Health Care declined by 1.43%.
On June 3, 2020, Vista Group International Ltd (NZX: VGL) ended the session in green as the stock witnessed a rise of 21.34% on an intraday basis to NZ$1.990 per share. NZME Limited (NZX: NZM) rose by 13.33% to NZ$0.255 per share. On the other hand, Pushpay Holdings Ltd (NZX: PPH) witnessed a fall of 4.34% to NZ$7.500 per share.
Z Energy Announces Closure of Share Purchase Plan
Z Energy Limited (NZX: ZEL) has recently made an announcement that NZ$60 Mn share purchase plan (or SPP) has closed. SPP witnessed robust shareholder support with Z Energy receiving applications totalling around NZ$57.5 Mn.
SPP was offered to all the eligible existing shareholders of the company with registered address in New Zealand or Australia, allowing them to each subscribe for up to a maximum of NZ$50,000 / AU$47,000 of new Z shares.
The SPP was part of the company’s equity raising, which was announced on May 11, 2020, whereby it also undertook a fully underwritten NZ$290 Mn placement of new shares to existing institutional as well as other select investors in offshore and local markets.
A Recent Update By NZME Limited: What You Need to Know
NZME Limited (NZX: NZM) came forward and made an announcement that it has agreed terms to extend existing debt facilities to July 1, 2023. Notably, current terms of the facilities with Commonwealth Bank of Australia as well as Westpac New Zealand Limited were due to expire on January 1, 2022.
The new term of bank facilities provides NZM with certainty with respect to funding for the span of next 3 years. In 2019, the company witnessed a reduction in net debt by $23.6 Mn to $74.7 Mn and the Board continues to focus towards debt reduction as part of capital management plan.