Scales Corporation issues shares for strategic acquisition of FI Group and ANZ Exports
Scales Corporation has issued 985,592 new ordinary shares at NZD $6.0832 per share, representing 0.684281% of its total class of financial products. These shares are fully paid up and will rank equally with existing ordinary shares. The total number of ordinary shares after this issuance now stands at 145,018,818.
The issuance serves as partial consideration for the acquisition of shares in FI Group Holding Pty Limited and ANZ Exports Pty Limited. This strategic move is outlined in an agreement between Scales and Fayman International Pty Limited, Colorado Aus Pty Limited, and others, dated 29 September 2025. The new shares are subject to transfer restrictions until 15 June 2026.
The capital change was authorized by a board resolution and directors' certificate dated 4 November 2025, in accordance with NZX Listing Rule 4.5.1. Steve Kennelly is the contact person for this announcement, released on 5 November 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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