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Hot Topic Budget 25
General Business
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Kathmandu confirms $207m capital raise after Covid-19 impact

Update: Institutions took up 96% of entitlements.

Update: Kathmandu wrapped up its institutional entitlement offer and placement on April 2, with $154 million raised. The new shares will be allotted and start trading on April 9.

Eligible institutional shareholders took up 96% of their entitlements, although one that didn’t was Briscoe Group,

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Calida Stuart-Menteath Wed, 01 Apr 2020
Contact the Writer: calida@nbr.co.nz
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Kathmandu confirms $207m capital raise after Covid-19 impact
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