Brief: Wellington Drive Technologies Announces Pro-Rata Rights Issue

Aofrio

25/06/2020 02:49

June 25 (Reuters) - Wellington Drive Technologies Ltd
 WDT.NZ :
    * INTENTION TO RAISE ABOUT $5.4M OF NEW CAPITAL THROUGH A
FULLY
SUPPORTED PRO-RATA RIGHTS ISSUE
    * RIGHTS ISSUE TO SUPPORT CO THROUGH PERIOD OF FINANCIAL
UNCERTAINTY BROUGHT ABOUT BY COVID-19
    * TO RAISE ABOUT $5.4M VIA 1:3 PRO-RATA RENOUNCEABLE RIGHTS
ISSUE
AT 5 CENTS PER NEW SHARE

Source text for Eikon:  ID:nNZS4CBna 
Further company coverage:  WDT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))