Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Share Purchase Plan Closes Oversubscribed Monday 14th December 2020
Stride Property Group is pleased to announce that its $40 million share purchase plan has closed oversubscribed.
The share purchase plan received strong shareholder support, being approximately 26% oversubscribed. Stride has elected to accept additional applications to bring the total amount accepted under the share purchase plan to $50 million. Applications will be scaled by reference to the number of Stride shares held as at 5pm on the record date (24 November 2020), and surplus application amounts will be refunded in accordance with the terms of the share purchase plan offer document dated 30 November 2020.