Briscoe Group supports Kathmandu capital raising
Briscoe Group Limited is a company incorporated in New Zealand and registered in Australia as a foreign company under the name
Briscoe Group Australasia Limited (ARBN 619 060 552). It is listed on the NZX Main Board and also the Australian Securities
Exchange as a foreign exempt entity. (NZX/ASX code: BGP).
4 October 2019
Briscoe Group Limited
NZX/ASX code: BGP
Briscoe Group supports Kathmandu capital raising
Briscoe Group Limited today confirms it has participated in the capital raising announced
by Kathmandu Holdings Limited (Kathmandu), receiving confirmation of a requested
allocation of 5,334,163 shares from the institutional entitlement offer for a cost of
$NZ 13,602,116. The additional shares requested represent 50% of Briscoe Group’s
total entitlement.
Rod Duke, Group Managing Director said, “We are supportive of Kathmandu’s initiatives
to diversify and grow their business via the acquisition of Rip Curl and were pleased to
be able to support the capital raising and increase our current shareholding by an
additional 5.3 million shares.
“The total cost of our investment in Kathmandu is now $87.9 million and should
represent around 16% shareholding post the retail entitlement offer and the vendor
placement. The Board considers the level of investment to be at an appropriate level
and as the single largest shareholder we continue to maintain a close interest in the
company.”
Contact for enquiries:
Rod Duke
Group Managing Director
Tel: +64 9 815 3737
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Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- KMD — KMD Brands Limited: Acquisition of Rip Curl and Equity Raising2019-09-30
“that your voice is heard. Shareholders who cannot attend in person will be able to participate online by going to www.virtualmeeting.co.nz/kmdsm19. Further details on how to vote and where to return your proxy/postal voting form are included on the form itself, as well as i…”
- KMD — KMD Brands Limited: Results of Special Meeting of Shareholders2019-10-18
“Kathmandu Holdings Ltd 223 Tuam Street, Christchurch 8011 249 Park Street, South Melbourne, Victoria 3205 PO Box 1234, Christchurch 8140, New Zealand PO Box 984, South Melbourne, Victoria 3205, Australia Phone: +64 3 373 6110 Fax: +64 3 373 6116 Phone: +61 3 9267 9999 Fa…”
- KMD — KMD Brands Limited: Kathmandu completes Retail Entitlement Offer2019-10-22
“Kathmandu Holdings Ltd 223 Tuam Street, Christchurch 8011 249 Park Street, South Melbourne, Victoria 3205 PO Box 1234, Christchurch 8140, New Zealand PO Box 984, South Melbourne, Victoria 3205, Australia Phone: +64 3 373 6110 Fax: +64 3 373 6116 Phone: +61 3 9267 9999 Fa…”