Pacific Edge Opens Retail Offer for Existing Shareholders

Pacific Edge Opens Retail Offer for Existing Shareholders

Cancer diagnostics business, Pacific Edge Limited (NZX/ASX: PEB), has today opened its retail offer which forms part of the capital raising announced to the market on 23 September 2021.

Eligible Shareholders in New Zealand are being offered the opportunity to participate in the Retail Offer, to raise up to a further NZ$20 million (A$19.4 million) (with the ability to accept oversubscriptions, subject to demand and at the discretion of the Board).

Each Eligible Shareholder will be entitled to apply for up to NZ$50,000 of new shares under the Retail Offer. Shares will be offered at the lower of NZ$1.35, being the price paid for shares under the Placement, and the volume weighted average price of Pacific Edge's shares on the NZX over the 5-day trading period up to and including the closing date of the retail offer (being 13 October 2021, unless extended).

The full terms of the Retail Offer are contained in the Retail Offer Document. This will be sent or made available to eligible New Zealand shareholders today (28 September 2021) and will also be available to those Eligible Shareholders online at http://pacificedge.capitalraise.co.nz from today. All Eligible Shareholders are encouraged to visit the website and apply online before the closing date at 5.00pm on Wednesday, 13 October 2021.

The new shares to be issued under the Retail Offer will rank equally in all respects with Pacific Edge's existing ordinary shares.

Key Dates

The record date for determining entitlements to participate in the Retail Offer was 5.00pm (NZST) on 22 September 2021.

  • 28 September 2021: Opening Date – Retail Offer opens and offer document distributed to eligible shareholders
  • 13 October 2021: Closing date - Retail Offer
  • 20 October 2021: Settlement, allotment and trading of Retail Offer shares commences on NZX and ASX


View the Application Form

View the Offer Document

View the Shareholder Letter

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