SkyCity completes NZ$240m equity raise

SkyCity Entertainment Group Limited (SkyCity) announced the completion of its Retail Entitlement Offer, which was part of a larger NZ$159 million fully underwritten 1 for 3.35 pro-rata accelerated non-renounceable entitlement offer. This equity raise successfully brought in a total of NZ$240 million.

The capital raise includes gross proceeds of approximately NZ$195 million from the institutional component (Entitlement Offer and Placement) and approximately NZ$45 million from the Retail Entitlement Offer. Eligible retail shareholders subscribed for around NZ$15 million in New Shares, which included approximately NZ$3 million in oversubscriptions. The effective take-up rate by eligible retail shareholders was approximately 33%.

The remaining NZ$30 million in New Shares not taken up under the Retail Entitlement Offer have been fully allocated to sub-underwriters, including existing institutional shareholders. These New Shares are expected to commence trading on the NZX Main Board on Thursday, 11 September 2025, and on the ASX on Friday, 12 September 2025.