Sealegs founder's family stake shrinks after rights issue

Bryham Family Trust now owns 7.2% of the company that designs and builds amphibious boats, down from 8.6% before the issue. The number of share held by the trust is unchanged at 5.6 million.

Sealegs last month issued 11.7 million shares at 25 cents apiece to raise NZ$2.9 million for its expansion. The sale fell short of its target of 13.2 million shares and the company plans to offer the stock to other investors on the same basis.

The stock last traded at 39 cents.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Sealegs ekes out full-year profit, raising prices as volume of boats sold slips
Sealegs narrows first-half loss on sales of more profitable models
Sealegs narrows FY loss on rising sales, lower marketing spend
Mark Broadley becomes Sealegs' chief executive
Mauritius investor pumps in new capital for 40% of Sealegs
Sealegs, amphibious boatmaker, sails on to first ever profit; shares soar
Sealegs turns the corners with latest export shipment
Sealegs projects weaker revenue for 2010
Daily ShareChat: Sealegs