NZSA: Heartland Bank placement and SPP 'grossly unfair'
Heartland's retail shareholders get less than one in three shares sought
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The New Zealand Shareholders’ Association says Heartland Bank’s $40 million capital raising was grossly unfair to retail investors.
The bank raised $20 million from a placement to institutions and $20 million from a share purchase plan for retail investors.
Heartland announced yesterday that
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Jenny Ruth
Tue, 14 Mar 2017
Tue, 14 Mar 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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NZSA: Heartland Bank placement and SPP 'grossly unfair'
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