Skycity confirms share issue price

Published: 10:40AM Tuesday May 26, 2009 Source: NZPA

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Sky City Entertainment Group confirmed an issue price of $2.61 for shares in its share purchase plan and top-up offer, both of which closed on Monday.

The price is the same as that paid by investors under an institutional share placement last month.

The company raised $185.3 million through the placement and was aiming for up to $35 million through the share purchase plan and up to $8 million under the top-up offer.

Details of the total amount of applications received for the share plan and top-up offer, and the final amount by which applications will be scaled back if necessary, will be provided after the processing of applications finishes.

Sky City shares closed at $2.87 on Monday.

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