Auckland 28 February 2018: Further to its earlier announcement, EROAD Limited (EROAD) is pleased to confirm the final subscriptions received for its $6 million Share Purchase Plan (SPP).
EROAD received applications totalling approximately $11.4 million, exceeding the offer size by 90.78% or approximately $5.4 million.
Allotment of the SPP shares is expected to occur on 6 March 2018 at $3.04 per SPP share, with refunds paid to shareholders by either direct credit or by cheque within 5 business days of the allotment date. No interest will be paid on any application monies returned to shareholders.
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For further information contact:
Michael Bushby Chairman
Michael.Bushby@eroad.com
+64 9 927 4713