Sky Network Television: Completes NZ$37.4M retail entitlement offer
- Sky Network Television has completed its retail entitlement offer and raised NZ$37.4 million (roughly A$35 million)
- This retail component forms part of a much larger entitlement offer and placement that is aiming to raise NZ$157.2 million (roughly A$147.3 million)
- This offer received strong support from shareholders with 68 per cent taking part, and those that participated took up 60 per cent of their entitlement
- Then the company will use the money to provide a strong platform for future growth
- Shares expected to begin trading on the NZX on June 16 and the ASX on June 17
- Sky has ended the day 6.25 per cent in the red and shares trading for 15 cents each
