WasteCo’s share purchase plan is now open to eligible shareholders, while its separate non-underwritten placement has been given four more days to attract interest. The company has not disclosed any commitments, pricing or expected proceeds in the latest update.
- Share purchase plan opened on 11 September
- Placement deadline extended to 25 September
- Placement remains non-underwritten
- No fundraising amount or outcome disclosed
Placement deadline extended to 25 September
WasteCo Group Limited (NZX:WCO) has extended the closing date for its separate, non-underwritten placement offer by four days, giving potential participants until 5.00pm NZST on 25 September 2026 to submit expressions of interest. The company did not disclose how much interest it has received or whether the placement is expected to proceed.
The extension leaves WasteCo running two capital-raising channels at once. Its share purchase plan opened on 11 September and remains available to eligible shareholders, while the placement continues to seek interest separately. The release provides no new information on the size, issue price or potential proceeds of either component in this update.
Shareholder offer now accepting applications
For existing eligible shareholders, the key change is that the SPP is open for acceptance. The company has not stated in this announcement when the SPP will close or how much it aims to raise through the plan.
The placement’s non-underwritten status remains the central uncertainty. Extending the deadline may allow more time for expressions of interest, but it does not establish that funding has been secured. WasteCo said it will advise the market of any material developments, leaving the eventual amount raised, allocation and timing of any capital issue as the next significant information points.
Bottom Line?
The timetable has moved, but the funding outcome remains unresolved: the next meaningful signal will be the level of firm capital secured rather than another deadline change.
Questions in the middle?
- How much capital, if any, has been committed to the non-underwritten placement?
- What amount and issue price will apply to the share purchase plan?
- Will WasteCo announce a completed raising before the extended 25 September deadline?