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Nuplex rights offer

A $116.36 m
  • Entry date - Wednesday, 22 April 2009
  • Jurisdiction - Australia, New Zealand
  • Practice - Equity Market
  • Offer includes seven-for-one rights issue

  • Firm
    Bell Gully
  • Client
    First NZ Capital Securities
  • Lead Lawyers
    James Gibson
  • Role
    Legal adviser to underwriter
  • Firm
    DLA Phillips Fox
  • Client
    Nuplex
  • Lead Lawyers
    Martin Wiseman, Rachel Taylor
  • Role
    Legal adviser to issuer (NZ and Australian law)
  • Firm
    Freehills
  • Client
    First NZ Capital Securities
  • Lead Lawyers
    Tony Sparks
  • Role
    Legal adviser to underwriter (Australian law)


DEAL SUMMARY

  • Offer includes seven-for-one rights issue

  • Nuplex entered into a call option arrangement with First NZ with respect to further new shares to be issued upon completion of rights issue

  • First NZ to place new shares under top-up placement with institutional investors, who provided sub-underwriting commitments under rights issue

  • Deal completed 23 April 2009



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