AFT Pharmaceuticals: Opens NZ$2M share purchase plan

AFT Pharmaceuticals: Opens NZ$2M share purchase plan

• AFT Pharmaceuticals (AFP) has opened its NZ$2 million (A$1.88 million) share purchase plan
• This share purchase plan forms part of the company’s capital raising that was announced on June 10
• Eligible shareholders will be able to purchase up to NZ$50,000 (A$47,000) worth of new shares at NZ$3.75 (A$3.54) each
• Shares will allocated on July 2 and then begin trading on the NZX on July 2 and the ASX on July 3
• AFT will use the money from both the placement and share purchase plan to increase liquidity and reduce debt
• AFT has ended the day a slight 2.21 per cent in the green with shares trading for $3.70 each