Opus International Consultants Limited has today announced a final price of $1.65 per share for shares in its upcoming Initial Public Offering (“IPO”). With its headquarters in New Zealand, Opus is an international multidisciplinary infrastructure consultancy providing asset development and asset management solutions for both the public and private sectors. At this final price, Opus will have a market capitalisation of approximately NZ$224 million following conclusion of the IPO.
Opus International Consultants Ltd’s Chairman, Basil Logan, said the response from New Zealand and Australian institutions and New Zealand retail brokers had been extremely positive.
“The final price of $1.65 per share is very close to the top end of the Indicative Price Range previously set. We have had an excellent response to our recent road show and bookbuild process. There was strong support from a wide range of investors, comprising New Zealand and Australian institutional investors and New Zealand retail investors.
It is pleasing to see recognition of Opus’ strong market position in New Zealand’s infrastructure sector; our proven growth record, and the continued opportunities for growth across New Zealand, Australia, Canada and the United Kingdom.”
Opus’ majority shareholder, Opus International Group Plc, will continue to hold a 66% holding in Opus.
The closing date for the NZX Firm Offer is 26 October 2007. Opus’ shares are expected to be quoted on the NZSX on 30 October 2007.
First NZ Capital is Lead Manager and Macquarie Securities is Co-Lead Manager for the Offer.
All offers of shares will be made in or accompanied by a copy of the Offer Document (being a combined Investment Statement and Prospectus) dated 26 September 2007. Anyone wishing to acquire shares will need to complete the application form that will accompany the Offer Document.
The Offer Document is available at Opus International Consultants Limited, Level 9, Majestic Centre, 100 Willis Street, Wellington and for inspection on the Companies Office website at www.companies.govt.nz. The minimum application for shares is for $5,000. The offer closes 5.00pm on Friday, 26 October 2007.
Application has been made to New Zealand Exchange Limited for permission to list the securities and all the requirements of New Zealand Exchange Limited relating thereto that can be complied with on or before the distribution of this announcement have been duly complied with. However, New Zealand Exchange Limited accepts no responsibility for any statement in this announcement.
For more information, please contact:
For New Zealand and Australian media:
Tel: +64 4 471 5374
Mob: +64 21 660 872
Basil Logan (until 6pm NZT)
Tel: +64 4 528 6820
For Malaysian media
Opus International Group PLC
Tel: +60 3 7625 6206