Infratil has successfully closed its Share Purchase Plan (SPP), following the completion of a NZ$250m placement of new shares to institutional investors on 9 June.
The SPP Offer allowed eligible Infratil shareholders the ability to subscribe for up to NZ$50,000 of new Infratil shares in order to raise a total of NZ$50 million. The SPP received strong shareholder support with applications exceeding NZ$130 million.
This brings the total amount raised to NZ$300 million, with proceeds enabling Infratil to fund growth investments across Infratil's existing portfolio companies and take advantage of new opportunities that may arise as a result of current market conditions.
Infratil was launched by Morrison & Co in 1994, and is one of the world’s first listed infrastructure funds.