Infratil Opens NZ$150 Million Retail Share Offer

Infratil (ASX: IFT) has launched a non-underwritten retail share offer to raise approximately NZ$150 million, part of a larger NZ$1,150 million equity raise. The offer follows the successful completion of a NZ$1,000 million underwritten placement. Eligible shareholders, recorded in Infratil’s register with a New Zealand or

Australian address as of June 14, 2024, can apply for up to NZ$150,000 and A$45,000 worth of new shares, respectively. The share price will be the lower of NZ$10.15 or a 2.5% discount to the five-day volume-weighted average price up to the closing date. In case of oversubscription, Infratil may accept additional applications or scale back allocations to maintain proportionate ownership. Shareholders should apply online by July 8, 2024.

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