NZ SHARE PURCHASE PLAN TO SUPPORT BUSINESS GROWTH
NZX Market Release
2 December 2024
NZ SHARE PURCHASE PLAN TO SUPPORT BUSINESS GROWTH
WasteCo Group Limited (NZX: WCO) (WasteCo) has announced the formal terms of a share
purchase plan to its existing shareholders (SPP). The SPP is not underwritten.
A total of $5 million is being sought under the SPP, subject to shareholder approval being sought
at the special meeting of shareholders being held on 13 December 2024.
The SPP is available to those existing shareholders recorded in the WasteCo’s share register as
having a New Zealand address as at 5pm on 29 November 2024 (Eligible Shareholders).
Eligible Shareholders are able to apply for up to a maximum of $50,000 of New Shares.
If WasteCo receives applications that, in aggregate, are for more than 250,000,000 New Shares,
scaling will be applied by reference to shareholdings on at 5pm on 29 November 2024. WasteCo
reserves the right to place any amount not subscribed for under the SPP.
Important dates
1
Record Date for determining eligibility of
shareholders for the SPP
5.00pm on 29 November 2024
Opening Date of SPP 2 December 2024
Shareholder meeting to approve SPP allotments 13 December 2024
Closing Date of SPP (last day for online
applications with payment), unless extended by
WasteCo
5.00pm on 17 December 2024
Allotment and issue of New Shares 23 December 2024
Statements mailed 23 December 2024
Additional information
Nothing contained in this announcement constitutes investment, legal, tax or other advice.
Investors are encouraged to seek appropriate professional advice before making any investment
decision.
For any questions in respect of the Offer, please contact MUFG Corporate Markets at
+64 9 375 5998 or email applications@linkmarketservices.co.nz. For other questions, investors
should contact their financial or legal adviser.
1
WasteCo Group Limited reserves the right to amend this timetable (including by extending the Closing
Date) subject to applicable laws and the NZX Listing Rules.
For further information on the content of this announcement, please contact:
Shane Edmond
Independent Chair
WasteCo Group Limited
M: 021 995 519
Important Notices and Disclaimer
This announcement has been prepared for publication in New Zealand, and may not be released
to US wire services or distributed in the United States. This announcement does not constitute
an offer to sell, or a solicitation of an offer to buy, securities in the United State or any other
jurisdiction. Any securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1993 (the “US Securities Act”) or the securities laws of
any state of other jurisdiction of the United States, and may not be offered or sold in the United
States except in transactions exempt from, or not subject to, registration under the US Securities
Act and applicable US state securities laws.
---
WasteCo Group Limited
Share Purchase Plan Offer Document
NOT FOR RELEASE TO U.S. WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES.
This is an important document. You should read the whole document before deciding whether to subscribe for shares.
If you have any doubts about what to do, please consult your financial or legal adviser.
Apply online at
https://wco.capitalraise.co.nz by 5:00pm (New Zealand time) on 17 December 2024
Dated 2 December 2024
IMPORTANT INFORMATION
Apply online at
https://wco.capitalraise.co.nz by 5:00pm on 17 December
2024.
General information
This document has been prepared by WasteCo Group Limited
(WCO) in connection with an offer of new ordinary shares in
WCO to Eligible Shareholders (New Shares) under a share
purchase plan offer (Offer).
This document is prepared in reliance upon, and the SPP is
made under, the exclusion in clause 19 of Schedule 1 of the
Financial Markets Conduct Act 2013.
This document is not a product disclosure statement, prospectus,
or other disclosure document and does not contain all of the
information which may be required in order to make an informed
investment decision about the Offer or WCO.
Additional information available under continuous
disclosure obligations
WCO is subject to continuous disclosure obligations that requires
it to notify certain material information to NZX for the purpose of
that information being made available to participants in the NZX
Main Board financial product market operated by NZX.
Announcements released by WCO, including its most recent
annual report and financial statements, are available at
www.nzx.com
under ticker code “WCO” or at the website
https://wasteco.co.nz.
WCO may, during the period of the Offer, make additional
announcements to the NZX. To the maximum extent permitted
by law, no announcement by WCO to the NZX will permit an
applicant to withdraw any previously submitted application
without WCO’s prior consent, whether or not there has been any
permissible variation of the Offer.
WCO encourages you to read this document and to seek
investment advice from a suitably qualified professional adviser
before you consider investing.
The market price for the Shares may change between the
opening date, the date you apply for New Shares under the SPP
and the Allotment Date. Accordingly, the price paid for New
Shares issued under the SPP may be higher or lower than the
price at which Shares are trading on the NZX Main Board at the
time the New Shares are issued under the SPP. The market
price of Shares following allotment may be higher or lower than
the Issue Price.
Offering restrictions
This document is intended for use only in connection with the
offer to Eligible Shareholders with a registered address in New
Zealand. This document does not constitute an offer or invitation
in any place in which, or to any person to whom, it would not be
lawful to make such an offer or invitation.
No action has been taken to permit a public offering of the New
Shares in any jurisdiction outside New Zealand.
The Offer may also be made and accepted in such other places
where a shareholder satisfies WCO that the Offer can lawfully be
made and accepted. However, shareholders in the United States
are not eligible to participate in the Offer. Similarly, shareholders
(including trustees, Custodians and nominees) who hold Shares
on behalf of persons in the United States, or are acting for the
account or benefit of persons in the United States, are not eligible
to participate in the Offer on behalf of those persons.
The distribution of this document (including an electronic copy)
in a jurisdiction outside New Zealand may be restricted by law
and persons who come into possession of it (including nominees,
trustees or custodians) should seek advice on and observe any
such restrictions.
No person may subscribe for, purchase, offer, sell, distribute or
deliver New Shares, or be in possession of, or distribute to any
other person, any offering material or any documents in
connection with the New Shares, in any jurisdiction unless in
compliance with all applicable laws and regulations. Without
limiting the foregoing, this document may not be sent to or
distributed in the United States.
This document does not constitute an offer to sell, or the
solicitation of an offer to buy, any Shares in the United States or
in any place in which, or to any person to whom, it would not be
lawful to make such an offer or solicitation. The Shares to be
offered and sold under this Offer have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended
(the "U.S. Securities Act"), or the securities laws of any state or
other jurisdiction of the United States, and may not be offered or
sold in the United States or to any person acting for the account
or benefit of a person in the United States except in accordance
with an available exemption from, or in a transaction not subject
to, the registration requirements of the U.S. Securities Act and
any other applicable securities laws.
WCO may refuse any application received from a person that it
does not consider eligible to participate in the Offer.
No Guarantee
There is no guarantee that the Offer will proceed nor any
guarantees about the future performance of WCO or any return
on any investment made under this document.
Decision to participate in the Offer
The information in this document does not constitute financial
product advice or a recommendation to acquire Shares. This
document has been prepared without taking into account the
investment objectives, financial, or taxation situation or particular
needs of any applicant or investor.
Forward Looking Statements
This document contains certain statements that relate to the
future. Such forward looking statements are not a guarantee of
future performance and involve known and unknown risks,
uncertainties, assumptions and other factors, many of which are
beyond the control of WCO and which may cause the actual
results, performance or achievements of WCO to differ materially
from those expressed or implied by such statements.
Under no circumstances should you regard the inclusion of
forward looking statements in this document as a guarantee of
future performance.
The statements, although made in good faith, involve known and
unknown risks, uncertainties and assumptions, many of which
are beyond WCO’s control.
Privacy
Any personal information provided by Eligible Shareholders
online will be held by WCO and/or MUFG Corporate Markets at
the addresses set out in the Directory. This information will be
used for the purposes of administering your investment in WCO
and will be disclosed to third parties only with your consent or if
required by law. Under the Privacy Act 2020 (New Zealand), you
have the right to access and correct any personal information
held about you.
Dilution effects of the Offer
Shareholders not participating in the Offer will experience dilution
to their current percentage holding in WCO.
Changes to the Offer
Subject to the NZX Listing Rules and the applicable laws, WCO
reserves the right to alter the dates set out in this document.
Withdrawal of Offer
WCO reserves the right to cancel the Offer at any time prior to
the Issue Date, in which case all application monies will be
refunded within 10 Business Days of the Offer being withdrawn.
No interest will be payable on amounts refunded.
Enquiries
Enquiries about the Offer can be directed to an NZX Firm or your
financial or legal adviser. If you have any questions about your
entitlement, or how to apply online, please contact MUFG
Corporate Markets.
Times
All references to time in this document are to New Zealand time.
Dollar amounts
All dollar amounts referenced in this Offer Document are in New
Zealand dollars.
Defined terms
Capitalised terms used in this Offer booklet have the specific
meaning given to them in the Glossary at the back of this Offer
booklet or in the relevant section of this Offer booklet.
4
Dear Shareholders,
WasteCo Group Limited (WasteCo) announced on 22 November 2024 that:
• WasteCo had entered into a $9 million conditional agreement to acquire 100% of the shares in Civic
Waste Limited, a leading North Island-based waste management company (Civic Waste Acquisition).
• Empire Waste Technology Limited (Empire) has agreed to subscribe to a $15 million convertible note
issued by WasteCo (Notes), with the funds from the issue of the Notes to be used to fund the Civic Waste
Acquisition.
• WasteCo planned to offer a share purchase plan (SPP) to allow existing shareholders to participate in
WasteCo’s growth, subject to shareholder approval. That approval is being sought at a special meeting of
shareholders to be held on 13 December 2024 (Special Shareholder Meeting).
On behalf of the Directors of WasteCo, we are pleased to offer shareholders the opportunity to participate in the
SPP at an issue price of $0.02 per share.
A total of $5 million is being sought under the SPP, subject to shareholder approval to be sought at the Special
Shareholder Meeting.
The SPP will be available to all shareholders registered as at 29 November 2024 as a holder of shares in
WasteCo and with an address recorded in WasteCo’s share register that is in New Zealand. Eligible shareholders
are entitled to apply for up to $50,000 of new shares under the SPP. WasteCo reserves the right to place any
amount not subscribed for under the SPP.
Eligible shareholders have until 5.00pm (NZDT) on 17 December 2024 to apply at the following link:
https://wco.capitalraise.co.nz
Before making your investment decision, I encourage you to read this document which includes all the formal
terms for the SPP, as well as recent information released by WasteCo to NZX available at www.nzx.com
under the
ticker code “WCO”.
If you are in doubt as to what you should do, you should consult your financial or professional adviser or a NZX
Broker.
Yours sincerely,
Shane Edmond
Chairman
WasteCo Group Limited
5
KEY INFORMATION
The Offer An offer of up to NZ$50,000 of New Shares per Eligible Shareholder.
There is no minimum application amount for the Offer.
Eligibility You may participate in the Offer if you are a shareholder at 5.00pm (NZT) on the
Record Date of 29 November 2024 recorded in WCO’s share register that is in New
Zealand as being a registered holder of Shares. You may not participate if you
reside outside New Zealand, or you are acting for the account or benefit of a person
in the United States. Similarly, if you hold Shares on behalf of a person who
resides outside New Zealand, you may not participate in respect of that person.
Transferability The Offer is personal to you. It cannot be transferred to another person.
Application amount If you wish to participate in this Offer, you apply for a dollar amount of Shares, not
for a certain number of Shares.
Eligible Shareholders can apply for Shares up to a maximum amount of NZ$50,000.
You will receive the number of Shares equal to the dollar amount of Shares you
have applied for divided by the Issue Price (subject to scaling as described below).
If, once divided by the Issue Price, the dollar amount of Shares you have applied for
(or are allocated) does not equal a whole number of Shares, the number of Shares
allotted to you will be rounded to the nearest Share. Refunds will not be paid for
any fractional entitlements.
Issue price NZ$0.02 per New Share.
New Shares The same class as (and rank equally with) existing quoted Shares on the Issue Date.
Amount of New Shares
being offered
Up to 250,000,000 New Shares will be issued under the Offer, being approximately
29.5% of the Shares on issue in WCO.
If excess applications are received, scaling will be applied by reference to Eligible
Shareholders’ shareholdings on the Record Date.
The board of directors of WasteCo reserve the right to place any shortfall amount
not subscribed for.
When to apply Applications must be received by 5.00pm on the Closing Date (17 December 2024,
unless extended).
How to apply Application is made online at
https://wco.capitalraise.co.nz . Payment instructions
will be provided.
You should read the instructions in this document carefully.
Eligible Shareholders should make payment for the exact dollar mount applied for
on the application, in accordance with the share parcel selected.
Payment for applications made online must be made by direct debit. Alternatively
Eligible Shareholders due any debt from the Company may offer to set-off some or
all of their subscription obligation against some or all of the debt due to them by
notice in writing to the Company.
To be valid, your application (and, if applicable, Custodian Certificates) and
payment must be received by MUFG Corporate Markets by 5.00pm (NZT) on 17
December 2024. Applications or payment received after that date will only be
accepted at WCO’s discretion. If applicable Custodian Certificates are required,
they should be returned in the following manner:
BY EMAIL: applications@linkmarketservices.co.nz
(Please use “WCO SPP” as the subject of the email)
Receiving your Shares You will receive your New Shares on or about 23 December 2024.
Offer size and scaling WCO is seeking to raise up to $5 million under this Offer. Applications may need to
be scaled depending on the applications received.
If applications are scaled, WCO will scale back the number of shares to be allotted
under this Offer to each application having regard to the number of shares held by
the applicant at the Record Date and otherwise at its discretion.
Shareholder approval Allotments of the New Shares is subject to approval of shareholders, to be sought
at a special meeting of shareholders to be held on Friday 13 December 2024.
6
IMPORTANT DATES
Record Date for eligibility 5.00 pm (NZT), 29 November 2024 The date on which Eligible Shareholders
are determined.
Opening date 2 December 2024 SPP opens.
Shareholder meeting 13 December 2024 To confirm shareholder approval for the
SPP allotments
Closing Date 5.00 pm, 17 December 2024 SPP closes. Applications and payments
(by direct debit) must be received by no
later than 5.00pm.
Allotment and Issue of
New Shares
23 December 2024 Shares are allotted.
Statements mailed By 23 December 2024 Allotment statements are despatched to
participating shareholders within 5
business days of the Issue Date.
Dates are subject to change and are indicative only. WCO reserves the right to amend this timetable (including by
extending the Closing Date) subject to applicable laws and the NZX Listing Rules. WCO reserves the right to
withdraw the Offer and issue New Shares at any time before the Issue Date in its absolute discretion.
7
TERMS AND CONDITIONS
1 Key Information and Important Dates
The Key Information and Important Dates sections
above form part of these terms and conditions.
2 Eligible Shareholders
Joint holders of Shares are taken to be a single
registered holder of Shares for the purposes of
determining whether they are an Eligible Shareholder
and the certification provided is taken to have been
given by all of them.
If you are an Eligible Shareholder, your rights under
this offer are personal to you and you may not transfer
them.
WCO reserves the right not to extend the offer in this
SPP to Eligible Shareholders in a jurisdiction outside
New Zealand in circumstances where it considers that
so extending the Offer may breach the legal
requirements of that jurisdiction.
3 Issue Price and Number of Shares
The Issue Price for New Shares under the Offer is
NZ$0.02 per New Share.
If you are an Eligible Shareholder you may:
(a) Full application: Subscribe for an amount of
New Shares that amount to NZ$50,000.
(b) Specified application: Subscribe for any
amount of New Shares as specified by you that
does not exceed NZ$50,000.
(c) No application: Do nothing and your ability to
apply for New Shares under this Offer will lapse.
The market price of the Shares may change between
the date this SPP opens, the date you apply for New
Shares under the SPP and the date on which New
Shares are allotted to you. As a result, the Issue Price
may be higher, equal to or lower than the price at
which WCO’s Shares are trading on the NZX Main
Board at the time the Shares are allotted to you.
There is no certainty that Shares will trade at or above
the Issue Price following the issue of Shares under the
SPP. Therefore, you should seek your own financial
advice in relation to this SPP and your participation
under it. The current Share market price is quoted on
the NZX website: www.nzx.com
.
Further information about WCO, including its most
recent financial statements, can be obtained from
WCO’s website: www.wasteco.co.nz
.. You may
obtain, free of charge, the most recent annual report
and financial statements of WCO by contacting WCO
(for details, please refer to the Directory). You are also
recommended to monitor WCO’s market
announcements through the NZX website.
4 Custodians
Any Eligible Shareholder that:
(a) is a trustee corporation or a nominee company
and holds Shares in WCO by reason only of
acting for another person in the ordinary course of
business of that trustee corporation or nominee
company; or
(b) holds Shares in WCO by reason only of being a
bare trustee of a trust to which the Shares are
subject,
is a custodian (Custodian) under this Offer.
A separate application must be completed for each
beneficial owner for whom a Custodian is acting.
WCO will treat each such application as a separate
application despite them all being in the name of the
Custodian.
If a Custodian applies to purchase New Shares on
behalf of a beneficial owner, the Custodian must
certify to WCO in writing:
(a) that the Custodian holds Shares directly or
indirectly as a Custodian for beneficial owners;
and
(b) that the beneficial owner on whose behalf the
Custodian is submitting the application is not
making an application themselves as an Eligible
Shareholder for New Shares under this Offer, and
no other Custodian is submitting an application
under this Offer for that beneficial owner.
5 Applications
Eligible Shareholders may apply to purchase up to
$50,000 of Shares under the Offer. There is no
minimum application under the Offer. Eligible
Shareholders may only make one application. This
applies to all Eligible Shareholders, including those
who receive more than one offer under the Offer (for
example, because they hold Shares in more than one
capacity).
Application monies received will be held in a trust
account with MUFG Corporate Markets until the
corresponding New Shares are allotted or the
application monies are refunded. All interest earned
on the application monies will be retained by WCO.
Any refunds of application monies will be made within
5 business days of the issue of New Shares (or such
earlier date that the decision not to proceed with the
Offer is made).
6 Applying and paying for New Shares
To participate in the Offer you must complete an
application and provide payment in accordance with
the instructions on the online application platform.
You will require your CSN / Holder Number and
Entitlement Number to apply online.
7 Discretion to accept or reject applications
WCO has complete discretion to accept or reject your
application to purchase New Shares under the Offer,
including (without limitation) if:
• your direct debit is dishonoured;
• WCO believes that you are not an Eligible
Shareholder; or
• WCO considers that your application does not
comply with these terms and conditions.
No interest will be paid on any application monies
returned to you. Any refunds for whatever reason will
be paid to you by direct credit to your bank account or
by cheque mailed within 5 business days of the Issue
Date.
8 Significance of applying
If you apply to purchase New Shares under the Offer:
• your application, on these terms and conditions,
will be irrevocable and unconditional;
• you certify that you are an Eligible Shareholder
entitled to apply for New Shares;
• you certify that your application will not be, or
cause, a breach of any law in any jurisdiction;
• you authorise WCO to correct any error in, or
omission from, your application;
• you acknowledge that none of WCO, its advisors
or agents has provided you with investment advice
or financial product advice; and
• you irrevocably and unconditionally agree to these
terms and conditions.
9 The New Shares
New Shares issued under the Offer will rank equally
with, and have the same rights as, existing fully paid
Shares in WCO.
The New Shares have been accepted for quotation on
the NZX Main Board. However, NZX accepts no
responsibility for any statement in this document.
10 Scaling
The number of New Shares intended to be issued is
up to 250,000,000.
If WCO receives applications that, in aggregate, are
for more than 250,000,000 New Shares, scaling will
be applied by reference to Eligible Shareholders’
shareholdings on the Record Date.
11 Amendments to Offer
Notwithstanding any other term or condition of the
Offer, WCO may, at its discretion:
• make non-material modifications to the Offer on
such terms and conditions it thinks fit; and/or
• suspend or terminate the Offer at any time prior to
the issue of the New Shares under the Offer. If the
Offer is terminated, application monies will be
refunded to applicants without interest within 5
business days of termination.
WCO reserves the right to waive compliance with any
provision of these terms and conditions.
WCO will notify NZX of any waiver, amendment,
variation, suspension, withdrawal or termination of the
Offer.
12 Quotation of New Shares
The New Shares will be quoted on the NZX Main
Board. The NZX Main Board is a licensed market
operated by NZX Limited, which is a licensed market
operator regulated under the Financial Markets
Conduct Act 2013. NZX accepts no responsibility for
any statement in this document.
It is expected that you will be able to commence
trading the New Shares allotted to you under the SPP
on the NZX Main Board on the Issue Date (being 23
December 2024, unless extended).
13 Governing Law
These terms and conditions shall be governed by and
construed in accordance with the laws of New
Zealand.
14 Glossary
“Closing Date” means 5.00 p.m. on 17 December
2024, unless extended.
“Eligible Shareholder” means a Shareholder who,
at 5.00pm on the Record Date, was recorded in
WCO’s share register as a registered holder of
Shares with a New Zealand address.
“Issue Date” means 23 December 2024, unless
extended.
“Issue Price” means NZ$0.02 per New Share.
“Listing Rules” means the NZX Main Board Listing
Rules.
“MUFG Corporate Markets” means MUFG
Corporate Markets, a division of MUFG Pension &
Market Services (MUFG Pension & Market Services
(NZ) Limited , previously Link Market Services
Limited).
“New Share” means an ordinary share in WCO
offered under the Offer and of the same class (and
ranking equally in all respects with) WCO’s quoted
existing shares at the time of the issue of the New
Shares.
“NZX” means NZX Limited.
“NZX Main Board” means the main board equity
security market operated by NZX.
“Offer” means the share purchase plan detailed in
this letter.
“Record Date” means 5.00 p.m. 29 November
2024.
“Share” means one ordinary fully paid share in
WCO.
“Shareholder” means a registered holder of Shares
on issue.
“WCO” means WasteCo Group Limited (NZX:WCO |
NZBN: 9429031299855).
All references to time are to New Zealand time,
references to currency are to New Zealand dollars,
and any references to legislation are references to
New Zealand legislation unless stated or defined
otherwise.
COMPANY DIRECTORY
Apply online at https://wco.capitalraise.co.nz
by 5:00pm
(NZ time) on 17 December 2024.
ENQUIRIES
Enquiries about this Offer should be directed to an NZX
Firm or your financial or legal adviser.
WASTECO GROUP LIMITED
Registered Office:
c/- James Redmayne
421 Blenheim Road,
Upper Riccarton,
Christchurch 8041,
New Zealand
Website: https://wasteco.co.nz/
DIRECTORS
Shane Edmond – Independent Chairman
David Peterson – Chief Executive Officer
Nigel Franklin – Chief Financial Officer
Roger Gower – Independent Director
James Redmayne – Non-Executive Director
Chris Brown – Chief Operating Officer
LEGAL ADVISORS
Chapman Tripp
Level 34, PwC Tower
15 Customs Street West
Auckland 1010
New Zealand
SHARE REGISTRAR
MUFG Corporate Markets
Level 30
PwC Tower
15 Customs Street West
Auckland 1010
New Zealand
+64 9 375 5998
If you have any queries about your Entitlements, please
contact MUFG Corporate Markets at +64 9 375 5998
or email applications@linkmarketservices.co.nz
.
---
100647744/3469-8854-1490.1
2 December 2024
NZX Limited
Wellington
NOTICE PURSUANT TO CLAUSE 20(1)(A) OF SCHEDULE 8 TO THE FINANCIAL MARKETS CONDUCT
REGULATIONS 2014: WASTECO GROUP LIMITED SHARE PURCHASE PLAN
WasteCo Group Limited (NZX: WCO) (WasteCo) intends to undertake a share purchase plan offer,
which is not underwritten (Offer). The Offer is of up to 250,000,000 new shares of the same class
as already quoted on the NZX Main Board of NZX Limited at a price of NZ$0.02.
Pursuant to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 (FMC
Regulations), and clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 (FMCA),
WasteCo states that:
• WasteCo is making the offer in reliance upon the exclusion in clause 19 of Schedule 1 to the
FMCA and is giving this notice under clause 20(1)(a) of Schedule 8 to the FMC Regulations.
• As at the date of this notice, WasteCo is in compliance with the continuous disclosure
obligations that apply to it in relation to ordinary shares in WasteCo, and there is no
information that is “excluded information” as defined in clause 20(5) of Schedule 8 to the FMC
Regulations.
• As at the date of the notice, WasteCo is in compliance with its financial reporting obligations.
The offer is not expected to have any material effect or consequence on the control of WasteCo.
Yours faithfully
Shane Edmond
Independent Chair
WasteCo Group Limited
---
Corporate Action Notice
(Other than for a Distribution)
Updated January 2024
Page 1 of 2
Section 1: Issuer information (mandatory)
Name of issuer WasteCo Group Limited
Class of Financial Product Ordinary shares
NZX ticker code WCO
ISIN (If unknown, check on NZX
website)
NZSNKE0001S9
Name of Registry MUFG Pension & Market Services
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
X
Renounceable
Rights issue or
Accelerated
Offer
Capital
reconstruction
Non-
Renounceable
Rights issue or
Accelerated
Offer
Call Bonus issue
Placement
Record date 29/11/2024
Ex Date (one business day before the
Record Date)
28/11/2024
Currency NZD
External approvals required before offer
can proceed on an unconditional basis?
No
Details of approvals required Not applicable
Section 6: Share Purchase Plans/retail offer
Number of Equity Securities to be
issued
OR
Maximum dollar amount of Equity
Securities to be issued
Up to $50,000 per shareholder/beneficial owner with
a registered address in New Zealand, for an
maximum aggregate offer size of up to NZ$5 million.
Shareholder approval to allotments is being sought at
a special meeting of shareholders on 13 December
2024
Minimum application amount (if any) N/A
Maximum application amount per
Equity Security holder
$50,000
Subscription price per Equity Security $0.02 per share
Scaling reference date Scaling according to the record date of 29/11/2024
Closing date 5pm 17/12/2024
Allotment date 23/12/2024
2 of 2
Section 8: Lead Manager and Underwriter (mandatory)
Lead Manager(s) appointed No
Name of Lead Manager(s) Not applicable
Fees, commission or other
consideration payable to Lead
Manager(s) for acting as lead
manager(s)
Not applicable
Underwritten No
Name of Underwriter(s) Not applicable
Extent of underwriting (i.e. amount or
proportion of the offer that is
underwritten)
Not applicable
Fees, commission or other
consideration payable to Underwriter(s)
for acting as underwriter(s)
Not applicable
Summary of significant events that
could lead to the underwriting being
terminated
Not applicable
Section 9: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement
Shane Edmond (Chair, WCO)
Contact person for this announcement Shane Edmond (Chair, WCO)
Contact phone number 021 995 519
Contact email address shane@wasteco.co.nz
Date of release through MAP 2/12/2024
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.