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Annual inflation remains above target as business blues bite
Jonathan Mitchell
Tue, 21 Apr 2026
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Tue 21 Apr 2026 01:13:11am
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Tue 21 Apr 2026 01:13:11am
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KMD retail investors take up half their entitlements
Outdoor retailer KMD Brands has raised $11 million from retail investors at 6c a share.
In a statement to the NZX, KMD Brands said retail investors had taken up 52% of their entitlements under the offer, subscribing for about 182.6 million new shares.
Eligible retail shareholders who took up their full entitlements also applied for about $4.5m of additional new shares under the offer.
The 169.3 million shares that were not taken up would be offered for sale in a retail shortfall bookbuild today.
Share trading has been halted through to market open on Wednesday.
Earlier this month, as part of the same capital raise, KMD Brands raised $44.2m from institutional investors. About 79% of eligible shareholders took up their rights, and the remaining 132.4 million shares sold in an institutional bookbuild at 6c.
KMD aimed to raise $65.3m, to help it secure longer-term borrowing from its bank.
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Tue 21 Apr 2026 01:04:19am
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