Published on the 15/05/2013 | Written by Newsdesk
Ex-Jade software company looks to the share market to step up its game…
Intelligence-led software company Wynyard Group, which originally formed part of the Jade Software group of companies has signaled it is considering raising capital by an Initial Public Offering (IPO) and a listing on the NZX Main Board within the next two months.
In a statememtn the company said the IPO and listing would help to accelerate its international growth strategy and meet the growing demand for its solutions which help protect governments, financial institutions and national infrastructure operations from increasing global threats, crime and corruption.
The company is considering making an offer of ordinary shares to New Zealand retail and institutional investors. The proposed offer would be conditional on NZX Limited accepting Wynyard Group’s shares for listing. There would be no public pool and no provision for over subscriptions.
The company has been taking major strides forward since the early part of this year. In January Wynyard announced that former FBI executive assistant director of science and technology, Louis Grever, had joined its advisory board and the following month the company appointed former head of homicide and serious crime command for the London Metropolitan Police, David Johnston.
In April Wynyard appointed its inaugural seven-member board of directors to guide and support the Wynyard Group following its separation from Jade Software Corporation.
With regards the current intent to list, no money is currently being sought and no applications for securities will be accepted or money received unless the subscriber has received an investment statement. Indications of interest do not involve an obligation or signal a commitment of any kind.
