TradeWindow’s Share Purchase Plan closes fully subscribed
MEDIA RELEASE
Share Purchase Plan closes fully subscribed
Auckland, NZ – 28 July 2022
Trade Window Holdings Ltd (TradeWindow) is pleased to announce that its $1 million
Share Purchase Plan (SPP) closed fully subscribed. The SPP closed on 25 July 2022. The
SPP forms part of TradeWindow’s $10 million capital raising announced on 12 July 2022,
whereby TradeWindow also undertook a $9 million private placement of new shares
(Placement).
TradeWindow CEO AJ Smith said: “We thank shareholders for their support of
TradeWindow through both the fully-subscribed share purchase plan and
oversubscribed placement. The funding will enable us to continue to execute on the
next phase of our growth strategy and plans.”
The new shares under the SPP will be issued at the price of NZ$0.70 which represents
the lower of the price paid by investors in the Placement (NZ$0.70 per share) and a
2.5% discount to the five day volume weighted average price of TradeWindow shares
traded on the NZX during the five trading days up to, and including, the end of the SPP
offer period.
Together with the $9m placement of new shares, TradeWindow has raised $10m in
new equity.
Settlement and allotment of the new shares issued under the SPP is expected to occur
on 29 July 2022. The new shares will rank equally with existing TradeWindow shares on
issue.
Further information
For further information in respect of the Placement and SPP, please refer to the capital
raising presentation released to the NZX on 12 July 2022. More investor information
about TradeWindow, including the Listing Profile and investor presentation, is available
at www.nzx.com under the ticker "TWL".
ENDS
Released for and on behalf of TradeWindow by:
Deidre Campbell
Chief Financial Officer
For further information:
Investors
Andrew Balgarnie
TradeWindow
+64 27 227 3541
Media
Coran Lill
The Project
+64 27 342 3836
About TradeWindow:
Founded in December 2018, TradeWindow is an early-stage software company that provides digital
solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase
connectivity, and enhance visibility. TradeWindow’s software solutions integrate to form a cohesive digital
trade platform that enables customers to more efficiently run their back-end operations, share information
and securely collaborate with a global supply chain made up of customers, ports, terminals, shipping
lines, banks, insurance companies, and government authorities.
www.tradewindow.io
Not for distribution or release in the United States.
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the
United States or in any jurisdiction in which such an offer would be illegal. The SPP shares have not been and will not
be registered under the U.S. Securities Act of 1933 (the U.S. Securities Act) or the securities laws of any state or other
jurisdiction of the United States. Accordingly, the SPP shares may not be offered or sold, directly or indirectly, in the
United States or to persons that are acting for the account or benefit of persons in the United States, unless they have
been registered under the U.S. Securities Act, or are offered and sold in a transaction exempt from, or not subject to,
the registration requirements of the U.S. Securities Act and any other applicable state securities laws.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.