SkyCity Entertainment Group Raises NZ$240 Million in Fully Underwritten Placement, Entitlement Offer

MT Newswires Live
2025/09/09

SkyCity Entertainment Group (ASX:SKC, NZE:SKC) completed the retail component of its NZ$159 million entitlement offer, bringing total proceeds to NZ$240 million through a fully underwritten placement and entitlement offer, according to a Tuesday filing with the New Zealand and Australian bourses.

The total proceeds comprise around NZ$195 million from institutional investors and NZ$45 million from eligible retail shareholders, the filing said.

Eligible retail shareholders subscribed for NZ$15 million in new shares, with a 33% take-up, and could apply for extra shares up to 60% of their entitlement, per the filing. The remaining NZ$30 million was allocated to underwriters and institutional investors.

The new shares will trade on the New Zealand Exchange from Thursday and the Australian Securities Exchange from Friday, the filing added.

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