Capital Raise Update
5 Lady Fisher Place
East Tamaki
Auckland, 2013
PO Box 58 144
Botany
Manukau
Auckland, 2163
P 09 927 3000
F 09 914 3325
Page | 1
16 December 2024
Metro Performance Glass – Capital Raise update
The Company and its banks have been unable to reach agreement on key final terms of
documentation with Cowes Bay. Discussions with Cowes Bay are now at an end.
As outlined on 28 November 2024, directors were already pursuing alternatives which
involve an equity capital raise in the new year. A supported rights offer remains the
Company’s plan and directors are engaged with four potential investor groups to invest as
part of the rights offer; these investor groups are not necessarily mutually exclusive. As
part of this process, the Company has received conditional offers to underwrite $15 million
of a capital raise and the Company will now work with all parties to finalise a formal rights
offer.
ENDS
For further information please contact:
Simon Bennett – Executive Director: 021 036 8387
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.
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