REL: 1232 HRS Rakon Limited
GENERAL: RAK: Rakon Share Purchase Plan Record Date
Rakon announces record date for Share Purchase Plan
Rakon Limited announced to NZX on Tuesday, 22 September that it was
undertaking a NZ$65 million capital raising to fund its expansion in China.
That capital raising comprises a NZ$45 million underwritten institutional
placement in two tranches as well as a NZ$20 Million underwritten share
purchase plan (SPP) for eligible New Zealand shareholders.
The SPP announced on 22 September is to provide eligible shareholders with
the opportunity to subscribe for up to NZ$15,000 worth of shares.
Completion of the bookbuild and allocations under the institutional placement
was announced on Wednesday, 23 September, with settlement of the first
(unconditional) tranche expected to be completed on Monday, 28 September.
It is proposed that the record date for the SPP will be Tuesday 29 September
and documentation will be sent to eligible shareholders shortly after that
date. As noted in the announcement on 22 September, full details of the SPP
will be sent to eligible shareholders as part of the SPP documentation.
End CA:00185369 For:RAK Type:GENERAL Time:2009-09-24:12:32:09